According to the 2023 Ransomware Trends Report (Data Protection), 85% of organizations suffered at least one cyber attack in the preceding twelve months; an increase from 76% experienced in the prior year. To better understand the preparedness and recoverability of cyber attacks, an independent research firm conducted a blind survey of 1,200 unbiased IT leaders whose organizations suffered at least one ransomware attack in 2022. Organizations of all sizes from 14 different countries across APJ, EMEA and the Americas were represented.
The survey asked about the impact that ransomware had on their environments, as well as what their IT strategies and data protection initiatives are moving forward. While analysts forecasted growth in overall IT spending for 2023 between 4.5% by IDC and 5.4% by Gartner, respondents in this survey expect their cyber security (preventative) budgets to grow by 5.6% and their data protection (remediation) budgets to grow by 5.5% in 2023.