The Need for Zero Trust Data Security

Published by Enterprise Strategy Group, August 2021

Cyberattacks represent an incredibly destructive and ever-present risk to modern businesses. Data is often the most valuable asset of these businesses, and their legacy storage environments can be plagued by security weaknesses. RackTop Systems, a data security company founded by former NSA engineers, is rethinking how to better secure data storage with its zero trust data security model that offers an added layer of defense to the business’s vital data.
Certain industries appear to be particularly affected by ransomware lately. Seventy-six percent of healthcare organizations have experienced a ransomware attack, with 41% experiencing such attacks on a weekly or daily basis. Similarly, 49% of the financial industry (including Insurance) has experienced a ransomware attack, with 24% seeing them on a weekly or daily basis.

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70% of businesses report experiencing at least one attempted ransomware attack within the last year

Figure 1. Frequency of Ransomware Attacks

To the best of your knowledge, has your organization experienced an attempted ransomware attack within the last 12 months?

(percent of respondents, N=303)

Yes, we’ve experienced ransomware attacks on a daily basis18%
18%
Yes, we’ve experienced ransomware attacks on a weekly basis24%
24%
Yes, we’ve experienced ransomware attacks on a monthly basis13%
13%
Yes, we’ve experienced ransomware attacks on a sporadic basis (i.e. less than monthly) basis15%
15%
No, we have not experienced any attempted ransomware attacks29%
29%
Don’t know/prefer not to say2%
2%

Source: Enterprise Strategy Group

The Bigger Truth

Organizations need to assume they’re going to be attacked. And when they discover that they’re under attack, they need to understand how they are going to be able to operate and continue to deliver critical services.

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