Are you still relying on legacy backup tools to protect your data from modern cyberthreats? Legacy backups were created with natural disasters in mind, not cyber threats such as ransomware. Attackers often target backups because if you can’t safely restore your data from there, their chances of collecting the ransom or creating other havoc are virtually assured.
One report estimates spending on global data backup and recovery grew to $14.15 billion in 2023, up 16.2% over the previous year, and is projected to increase at a compound annual growth rate (CAGR) of 13.7% to $23.64 billion in 2027.
