Unveiling the 2024 Cyber Recovery Readiness Report

Welcome to a pivotal moment in the evolution of cyber resilience. Since the inception of The Collaborative in early 2024, our mission has been clear: to forge strong partnerships with analysts, industry leaders, and visionaries like you, to deeply explore and enhance cyber resilience across diverse organizations. Our foundational report, “Seven Emerging Trends in Cyber Resilience,” has already set the agenda for this year, addressing critical areas as we confront the escalating ransomware menace. 

We are excited to announce the release of the 2024 Cyber Recovery Readiness Report, a collaboration between Commvault and GigaOm. Your leadership and expertise in IT and security are crucial in steering the future toward enhanced cyber resilience. This report is crafted to equip you with essential insights and data, empowering your organization to stay ahead in an increasingly volatile cyber landscape. 

The insights we share are derived from an extensive survey of 1,000 global cybersecurity and IT leaders. This report not only offers a worldwide view of the challenges but also pinpoints effective strategies essential for cyber recovery readiness. It underscores the critical need for comprehensive cyber recovery strategies that surpass traditional disaster recovery plans. 

Key Findings: 

– A staggering 83% of organizations have suffered a material security breach recently, with over half occurring in the past year alone, underscoring the critical need for advanced preparedness and agile response strategies. 

– The most resilient organizations share common practices that significantly enhance their recovery readiness. Our analysis reveals that the most prepared organizations exhibit at least four out of five key markers of maturity. 

– There is a clear correlation between cyber maturity and recovery speed. Organizations with higher levels of cyber maturity recover from breaches 41% faster than those less prepared. 

– Regular testing of cyber recovery plans is not just beneficial; it is essential. Our data shows a marked difference in testing frequency between organizations that have experienced breaches and those that have not. 

Recommendations: 

1. Regularly test and enhance your recovery plans. Frequent drills and updates ensure that your organization can respond swiftly and effectively to any cyber incident. 

2. Prioritize building cyber maturity by adopting the identified markers of cyber recovery readiness. This not only mitigates risks but significantly lessens the impact of potential breaches. 

3. Develop a holistic cyber recovery strategy that extends beyond mere data backup to encompass full system recovery, ensuring comprehensive business continuity. 

We invite you to delve into the report and integrate these insights and recommendations into your strategic planning. Our goal is not merely to inform but to inspire decisive action that will robustly fortify your organization against future cyber threats. 

We are here to support you on this journey toward unparalleled cyber recovery readiness. 

Thankfully, 

The Collaborative