The sixth annual global Financial Services Enterprise Cloud Index (ECI) survey and research report by Nutanix finds that IT decision-makers worldwide expect the adoption of hybrid multi-cloud for financial services to triple in the next three years.
Ransomware attacks
The report also revealed that data security and ransomware protection, as well as implementing AI strategies and minimising cost, drive the infrastructure priorities of IT decision-makers.
Almost all (99%) respondents experienced a ransomware attack in the past three years. Some 89% agreed that their organisations could improve their attack protection measures.
Around 50% of the respondents said their organisations required a few days or weeks to restore operations after a cybersecurity incident fully. Some 12% said that the attack's impact lasted longer than the restoration of daily operations, even though the restoration of operations lasted a few days or weeks.
"It is startling to see that nearly all the financial services respondents in this year's ECI Survey have experienced a ransomware attack," said Lee Caswell, SVP of Product & Solutions Marketing at Nutanix. "It's a sign of the times that hybrid multi-cloud adoption is set to triple as financial services users gear up for heightened cybersecurity risks as new regulatory requirements, such as the EU's 2025 Digital Operational Resilience Act (DORA), go into effect - making data protection and disaster recovery a hybrid multi-cloud imperative."
