New Research from NetApp; Survey of cybersecurity leaders highlights the importance of data classification in enhancing cyber resilience
FinTech BizNews Service
Mumbai, 5 December, 2024: NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the release of its latest report analysing the state of cybersecurity and offering actionable insights to help organisations strengthen their cyber resiliency. The Futurum Group study, "Cloud, Complexity, AI: The Triple Threat Demanding New Cyber Resilience Strategies" sponsored by NetApp, provides a comprehensive analysis of evolving cyber threats and resiliency strategies.
The study, which surveyed over 1,300 cybersecurity leaders across industries worldwide, reveals that more than 54 percent of organisations experienced a cyberattack in the past 12 to 18 months, with one in five unable to recover lost data. The report highlights the urgent need for enterprises to leverage intelligent data infrastructure to address growing risks posed by sophisticated threats, operational complexity, and the challenges of hybrid multi-cloud environments.
"The findings clearly highlight the urgency for organisations to rethink their cybersecurity strategies in an era of escalating threats,” said Gagan Gulati, General Manager for Data Services at NetApp. "To reduce risks and ensure faster recovery, businesses must adopt an intelligent data strategy that prioritises secure-by-design infrastructures, embedding security at the core of their data management approach. With data as a company’s most valuable asset, resilient storage solutions—such as those offered by NetApp—serve as the last line of defense in a comprehensive security strategy, safeguarding critical information and enabling long-term success in hybrid multi-cloud environments."
Key Findings:
● Cloud Security Risks: Misconfigurations and vulnerabilities in hybrid multi-cloud environments are now among the top threats, outpacing traditional attacks like ransomware. As organisations rely increasingly on hybrid cloud infrastructures, addressing these vulnerabilities is critical to maintaining data security and operational continuity.
● Tool Sprawl Challenges: Seventy percent of respondents use more than 40 cybersecurity tools, with 84 percent citing operational complexity as a major inhibitor to cyber resiliency. This complexity creates protection gaps and inefficiencies, underscoring the need for tool consolidation and integrated solutions to streamline operations.
● AI in Cybersecurity: Forty percent of organisations are leveraging AI for threat detection, with plans to expand its use for automating response and recovery. AI’s ability to identify and mitigate threats at scale is powerful, but balancing its use with managing false positives and ensuring robust human oversight is essential to its success.
● Data Classification is Key: Organisations with strong data classification frameworks recover from attacks more effectively, emphasising its role as a cornerstone of cyber resiliency. This underscores the importance of embedding intelligent data infrastructure that not only classifies and protects data but also enables real-time anomaly detection and resilient recovery, enabling business continuity even in worst-case scenarios.
● Increased Investment: Over 90 percent of respondents plan to increase cybersecurity spend in the next 12 to 18 months, focusing on integrated and proactive solutions. Proactive investment can address the rising cost of cyberattacks and the growing complexity of threats, ensuring resilience and operational trust.
NetApp's Intelligent Data Infrastructure framework helps organisations address the cyber resiliency challenges revealed in this report by enabling organisations to take a proactive approach to data protection. By leveraging advanced data classification, AI-driven threat detection, and integrated security measures, organisations can more easily implement stringent governance practices, detect and respond to threats in real-time, and maintain compliance with evolving industry standards. As highlighted by the report, organisations with resilient data infrastructure have seen significant improvements in recovery times and overall data security, demonstrating that it is a critical component in modern cybersecurity strategies.
"This survey sheds light on the critical role of visibility and data-centric strategies in navigating the evolving cybersecurity landscape," said Daniel Newman, CEO at The Futurum Group. "By harnessing intelligent data infrastructure solutions, organisations can better protect their assets, ensure recovery, and thrive amidst disruption."
The report emphasises the critical role of AI and integrated technologies as game-changers in combating increasingly sophisticated attack vectors. By leveraging AI alongside robust data classification and consolidated toolchains, enterprises can mitigate risks more effectively, reduce response times, and enhance visibility across sprawling hybrid multi-cloud environments.
To explore the full findings of the Cybersecurity Visibility Study 2024 and discover how IT and Security leaders are thinking about challenges and opportunities shaping the future of cyber resilience in the enterprise, visit https://www.netapp.com/media/120378-netapp-cloud-complexity-ai.pdf.
Methodology
In Fall 2024, NetApp collaborated with Futurum Research to conduct a comprehensive survey of over 1,300 cybersecurity leaders worldwide. The respondents included C-Level executives, Vice Presidents, and Directors in IT and Security, representing a diverse range of industries. The report draws on insights from the survey, as well as 15 in-depth interviews with selected decision-makers, offering a detailed analysis of the challenges and opportunities shaping the cybersecurity landscape today.
