New research from Databarracks has revealed that, for the first time, cyber attacks have decreased as a cause of data loss (down from 17% in 2019 to 13% in 2020).
The findings are taken from Databarracks’ annual Data Health Check survey, which has run since 2008. The survey questions over 400 IT decision-makers in the UK on a series of critical issues relating to IT, security, disaster recovery and business continuity practices.
The findings show organisations have been steadily increasing cyber budgets, with 40% reporting increased investment in the last 12 months (up from 33% last year). There is an increase in confidence as 64% of respondents (up from 56% last year) claim they now have sufficient in-house cybersecurity skills to deal with the current threat landscape.
“For as long as we have been running the Data Health Check, cyber-attacks have been growing as a cause of data loss – until now. It looks like we are finally starting to turn the tide,” said Peter Groucutt, managing director of Databarracks.
“Although we have seen a reduction in data loss caused by cyber-attacks, it is still growing as a cause of downtime, increasing every year since 2016. Recovering from a cyber incident takes time and may require systems to be taken offline as a precaution. The research suggests many organisations have prioritised protecting their data and improving their in-house defences against common cyber threats.”