cyber resilience strategies are holding up against a worsening cyber threat landscape

A new global study by Cohesity, a leader in AI-powered data security and resilience, shows that despite widespread adoption of cyber resilience strategies in India, about 50% of organisations have gaps that need addressing.

The ‘Risk-Ready or Risk-Exposed: The Cyber Resilience Divide’ report, which was polled from 3,200 IT and security decision-makers in eleven countries, reveals the reality of the resilience divide – highlighting that while cyber threats are escalating in both volume and complexity, many organisations remain ill-equipped to respond effectively. This disconnect is leading to measurable business impact—financially, operationally, and reputationally—amid misplaced confidence in their cyber resilience.

SAN JOSE, Calif. – August 15, 2024 – Cyber resilience research commissioned by Cohesity, a leader in AI-powered data security, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024 polled from over 3100 IT and Security decision-makers in eight countries1 confirms the threat of cyberattacks – especially ransomware – continues to rise, with the majority of respondents falling victim to a ransomware attack in the last six months, and most having paid a ransom in the past year. Moreover, most respondents said the threat of cyberattacks to their organization’s industry of operation has or will increase in 2024 compared to 2023.

According to respondents, companies’ cyber resilience strategies are holding up against a worsening cyber threat landscape, with close to 4 in 5 (78%) respondents saying they have confidence in their company’s cyber resilience strategy and its ability to ‘address today’s escalating cyber challenges and threats’.2 At the same time, over 2 in 3 (67%) respondents revealed they had been the ‘victim of a ransomware attack’ in 2024; 96% said the threat of cyberattacks to their industry would increase or had increased this year, with close to 3 in 5 (59%) saying it had or will increase by over 50% compared to 2023.

AI-enhanced storage platforms can detect ransomware activity in real-time with up to ninety-nine percent accuracy by monitoring file behavior and entropy.

Enterprises with layered ransomware-resilient architectures recover data up to three hundred and fifty times faster compared to those using conventional backups alone.

Emerging solutions such as Zero Trust storage frameworks and quantum-resistant encryption methods are becoming critical for sustained ransomware defense.

"Cyberattacks have become an unavoidable reality, and organizations can't afford to be unprepared," said Vasu Murthy, senior vice president and chief product officer, Cohesity. "But prevention alone isn't enough. That's why Cohesity is focused on helping organizations approach resilience more comprehensively, so they can withstand attacks, recover faster, and safeguard business continuity and reputation. Our newest capabilities build on this foundation, giving customers confidence in knowing their data is protected, recovery processes are proven, and their risk posture is continuously being optimized."

A key element of Cohesity’s approach is the integration of AI into its platform. Its product, Gaia, leverages generative AI to provide advanced data insights, anomaly detection and threat scanning, allowing organisations to protect and make sense of their data in ways that traditional backup solutions cannot.

“We’ve modernised the discussion from traditional storage to security. Generative AI on top of data is the next frontier for enterprises everywhere, including the UAE and wider Middle East,” says Poonen.

By - Aaradhay Sharma