Concerns over cyber threats continue to grow and remain at the top of the list for causes of organisational disruption in India, Australia, Japan, South Korea and Singapore, a new report has said. It added that 57% of respondents in these countries have reported a cyberattack that prevented access to data within the past 12 months – the highest percentage in over 5 years.
According to the latest edition of its Global Data Protection Index (GDPI) Cyber Resiliency Multicloud Edition released by Dell Technologies, navigating the complex terrain of data protection remains a challenge for businesses.
“With massive data growth, unique data mobility needs, and increased experimentation with generative AI, organisations in Asia Pacific and Japan must juggle multiple fronts to effectively protect their data,” said Lucas Salter, general manager, Data Protection Solutions at Dell Technologies, Asia Pacific, Japan & Greater China.
“In times where cyber attacks grow in frequency and sophistication, customers need a holistic data protection strategy with an integrated portfolio of solutions to improve their cyber resilience,” Salter added.
The report also highlights that due to the heightened threat of cyberattacks, the monetary impact to organisations is considerable with costs more than doubling over our last report to $1.4 million on average.
What businesses have to say
The report said that while 76% of organisations surveyed are worried that their existing data protection measures are unable to cope with ransomware threats, 66% are not very confident about recovering data if they are a victim of a cyberattack.
“Yet despite these perspectives, most organisations (54%) invest more in cyber prevention than cyber recovery. The balance between prevention and recovery needs to be carefully thought through considering the reality that successful attacks are on the rise,” the report added.
Businesses (83%) have also said that the rise in remote workers has increased their exposure to data loss from a cyberattack.
Impact of AI in cyber attacks, cyber security
About 46% of organisations believe that generative AI will provide an advantage in terms of cyber security posture and 89% also agree that generative AI is likely to generate large volumes of new data, which will need to be considered when making strategies on data protection.
According to the latest edition of its Global Data Protection Index (GDPI) Cyber Resiliency Multicloud Edition released by Dell Technologies, navigating the complex terrain of data protection remains a challenge for businesses.
“With massive data growth, unique data mobility needs, and increased experimentation with generative AI, organisations in Asia Pacific and Japan must juggle multiple fronts to effectively protect their data,” said Lucas Salter, general manager, Data Protection Solutions at Dell Technologies, Asia Pacific, Japan & Greater China.
“In times where cyber attacks grow in frequency and sophistication, customers need a holistic data protection strategy with an integrated portfolio of solutions to improve their cyber resilience,” Salter added.
The report also highlights that due to the heightened threat of cyberattacks, the monetary impact to organisations is considerable with costs more than doubling over our last report to $1.4 million on average.
What businesses have to say
The report said that while 76% of organisations surveyed are worried that their existing data protection measures are unable to cope with ransomware threats, 66% are not very confident about recovering data if they are a victim of a cyberattack.
“Yet despite these perspectives, most organisations (54%) invest more in cyber prevention than cyber recovery. The balance between prevention and recovery needs to be carefully thought through considering the reality that successful attacks are on the rise,” the report added.
Businesses (83%) have also said that the rise in remote workers has increased their exposure to data loss from a cyberattack.
Impact of AI in cyber attacks, cyber security
About 46% of organisations believe that generative AI will provide an advantage in terms of cyber security posture and 89% also agree that generative AI is likely to generate large volumes of new data, which will need to be considered when making strategies on data protection.