The threat landscape is rapidly changing, and the businesses can’t play a waiting game when it comes to planning their data protection strategy. The stakes are getting bigger, and the attacks and security threats are a matter of when rather than if Today, downtime can cost millions to organizations and cyberattacks can bring operations to a halt and make businesses go bankrupt. Disaster recovery (DR) and business continuity (BC) have shifted from best practices to essential strategies.

Insider attacks are growing, whereby 60% of organizations in the past year alone have suffered employee-related data breaches. Surprised? Most businesses get blindsided by the people they put their most trust in. It can be accidental data leaks or malicious actions, but the risk is very real and, regrettably, on the rise. It’s no longer a matter of “if,” but rather “when” an insider threat could compromise your organization’s most sensitive data.

Ransomware incident response is the need of the hour. Let me explain you why- Ransomware attacks have evolved to become a critical threat in 2024, while recovery from such an attack increased drastically from $1.82 million in 2023 to a whopping $2.73 million this year—which is sans any ransom paid out. Healthcare organizations have fallen victim quite badly, where the cost of data breaches increased by 53.3% since 2020.