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Wednesday, 29 June 2016 02:59

Cyber Threats’ Impact Highlighted in New EMC Global Survey

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EMC has launched its global Data Protection Index study revealing that organisations are failing to appreciate the growing challenges of protecting their data and, as a result, are experiencing the economic impact of data loss

News summary:

  • Incidents of traditional data loss and disruption are down since 2014, but new challenges mean 13% more businesses experienced loss overall
  • 36% of organizations have lost data in the last year as the result of a security breach
  • Average cost of data loss more than US$914,000
  • Over half of businesses fail to protect data in the cloud despite more than 80% indicating they will rely on SaaS-based business applications
  • 73% of organizations not very confident they can protect flash storage environments

UK research highlights:

  • $228,000 is the estimated average cost to respondent’s organisations who have experiences unplanned systems downtime in the last 12 months
  • 72% state their organization is less than very confident they can meet SLAs to fully recover systems/data on premise and off premise
  • ITDMs state that 19% of their organisation’s IT environment is on the public cloud
  • Only 17% are very confident that their current data protection solution can keep pace with the speed and capabilities of flash arrays
  • 74% believe that data protection is a very important decision criteria for converged or hyper converged solutions
  • 25% report that their organisation is implementing copy data management

London, UK, June 28, 2016

EMC Corporation (NYSE:EMC) today announced the results of new research revealing that organizations are failing to appreciate the growing challenges of protecting their data and, as a result, are experiencing the economic impact of data loss. New findings from the EMC® Global Data Protection Index 2016, an independent study by Vanson Bourne of enterprise backup in 18 countries around the world, revealed that, while businesses have been successful in reducing the impact of the four biggest traditional data loss risks1, they are unprepared for new, emerging threats, which are taking their toll instead. When compared to the EMC Global Data Protection Index 2014, 13% more businesses experienced data loss or disruption in the last 12 months, costing them an average of US$914,000.

EMC commissioned the updated research to help organizations recognize and prepare for the rapidly changing landscape of threats to enterprise data. Survey results from the EMC Global Data Protection Index 2016 identified the following three major challenges to modern data protection:

1) Threats to Protection Data

Nearly a quarter (23%) of businesses surveyed had experienced data loss or unplanned systems disruption due to an external security breach and that number increased to over one third (36%) when taking internal breaches into account. Businesses are increasingly facing threats not just to their primary data, but also to their backup and protection data. Whether combating cyber extortionists demanding cash to unlock data encrypted by ransomware, or other risks posed to backup and protection data, businesses need to find solutions that put their ‘data of last resort’ beyond harm’s reach.

To address this threat, EMC is launching a new Isolated Recovery Solutions™ line to help organizations “air gap” a protection instance of their data from the networked enterprise. Based on EMC VMAX®, EMC Data Domain® and EMC Professional Services technologies, EMC’s Isolated Recovery Solutions line is designed to enable businesses to create a virtual panic room for their most valuable data, isolating it from networked systems that could be compromised in a cyber attack. If needed, the isolated instance of protection data can be scanned and restored safely within minutes, offering a Recovery Time Objective (RTO) superior to tape-based backup. Isolated Recovery Solutions offerings based on EMC XtremIO®, EMC Unity™ and EMC Isilon® technologies will be available in the near future.

2) Threats to Data in the Cloud

More than 80% of survey respondents indicated that their organizations will run at least part of eight key business applications2 in the public cloud in the next two years; yet less than half said they protect cloud data against corruption and less than half against deletion. More than half said they already run their email solution in the public cloud. And, overall, respondents already had, on average 30% of their IT environments based in the public cloud.

Because SaaS application providers often won’t protect against accidental loss or deletion by an employee, EMC believes it is critical for organizations to include cloud applications in their overall data protection strategies. EMC offers a comprehensive portfolio of solutions for cloud-to-cloud and on-premise-to-cloud data protection to facilitate this. These include:  Data Domain Cloud Tier technology, which allows seamless tiering to public clouds such as Virtustream® Storage Cloud; Spanning Backup® technology by EMC, which enables businesses to protect data in applications such as Microsoft Office 365 and Salesforce.com; and Mozy® online backup service by EMC, which empowers businesses to protect endpoint data to the public cloud.

3) Evolving Protection Needs

More than 70% of organizations surveyed are not very confident they could fully recover their systems or data in the event of data loss or unexpected systems downtime. And confidence also suffers when it comes to data center performance, with 73% declaring they are not very confident their solutions will be able to keep pace with the faster performance and new capabilities of flash storage.

EMC Executive Quote:

David Goulden, Chief Executive Officer, EMC Information Infrastructure

“Our customers are facing a rapidly evolving data protection landscape on a number of fronts, whether it’s to protect modern cloud computing environments or to shield against devastating cyber attacks. Our research shows that many businesses are unaware of the potential impact and are failing to plan for them, which is a threat in itself.  As a leader in data protection and cloud computing, EMC continues to innovate to stay ahead of both existing and new challenges by providing modern cloud-centric data protection solutions. In addition, today we are introducing the first in a range of new Isolated Recovery Solutions, that are designed to help protect customer data against cyber attacks such as ransomware and destructive hacking.”

Analyst Quote:

Steve Duplessie, Founder and Senior Analyst, Enterprise Strategy Group

“Ransomware is dramatically raising the stakes when it comes to cyber security. We’re moving from theft, which is costly, to potential catastrophe. There are forces at play now that aren’t satisfied with just stealing your money, they want to destroy your entity. You can either start taking these threats seriously, or start looking for a hole to crawl into. Ignorance is no longer bliss.”

Methodology

Research carried out independently by Vanson Bourne between March and April 2016. Respondents were IT decision makers from both private and public organizations with at least 250 employees. Vanson Bourne surveyed a total of 2,200 respondents from 18 countries - 200 each from US, UK, France and Germany. The rest of the countries had 100 respondents.

About EMC

EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com

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