Rubrik Says One Third of Organizations Forced to Change Leadership as a Result of a Cyberattack

Published On: November 26, 2022Categories: Buzz, Uncategorized

IT and security leaders must address, on average, one cyberattack per week according to a new study released today titled “The State of Data Security” by Rubrik Zero Labs of Palo Alto, California.

Nearly every leader surveyed experienced a cyberattack over the past year, and on average faced 47 attacks in that timeframe — or nearly one cyberattack per week.

Among the key findings, 52% reported a data breach and 51% reported facing a ransomware attack in the past year. Only 5% of organizations were able to return to business continuity or normal operations within one hour of discovering a cyberattack. Nearly half (48%) of IT and security leaders reported to be concerned about data breaches (25%) or ransomware events (23%) as the top threat for the year ahead, and 92% of respondents are concerned they will be unable to maintain business continuity if they experience a cyberattack. One third believe their board has little to no confidence in their organization’s ability to recover critical data and business applications after a cyberattack. Three-fourths reported their organization is likely to consider paying a ransom following a cyberattack, and nearly all (96%) of respondents reported significant emotional or psychological consequences following a cyberattack, ranging from worries over job security (43%) to loss of trust among colleagues (37%).

Approximately one third of respondents reported leadership changes as a result of a cyberattack.

“It’s clear from this research that cyberattacks continue to produce large impacts against global organizations and the effects are compounding,” said Steven Stone, Head of Rubrik Zero Labs. “In addition to this rise in frequency and impacts of cyber events, the individuals on the front lines are taking a psychological hit on their wellbeing. Trust is down and anxiety is up. Without a proactive and reliable approach to defend against modern cyberthreats and strengthen confidence in an organization’s ability to resolve these cyber events, these impacts – both human and organizational – will continue to worsen and feed each other. The good news is we’re also seeing pragmatic, proven strategies in this same space paying off and we can build off these approaches.”

“The State of Data Security” comes from Rubrik Zero Labs, the company’s new cybersecurity research unit. The research initiative gathered responses from 1,625 IT and Security decision makers at companies of 500 or more employees in the US, UK, France, Germany, Italy, Japan, Australia, Singapore, and India between July 18th and July 27th, 2022.

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The data can be used by channel partners who leverage empirical data to demonstrate to their customers the profound risks associated with cyberattacks.

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