Research commissioned by Cohesity revealed that only 3% of companies in Singapore and Malaysia could recover data and restore business processes within 24 hours after a cyberattack. However, 97% of respondents said their targeted optimum recovery time was within the same period.
The findings, based on a survey of 504 Singaporean (302) and Malaysian (202) IT & security decision-makers conducted by Censuswide, also revealed that companies could recover data and restore business processes within 1 to 3 days (24%), 4 to 6 days (34%), 1 to 2 weeks (25%), and 2 to 3 weeks (13%).
Ransom paying
The study also revealed that 82% of respondents said their company would pay a ransom to recover data and restore business processes.
Cyber resilience
To align with zero trust security principles, companies deploy data access control measures such as multi-factor authentication (66%), quorum controls or administrative rules requiring multiple approvals (57%), or role-based access controls (55%).
“The first step in achieving cyber resilience is managing and securing access to the business-critical data that must be recovered to restore business processes when suffering a cyberattack. The fact that just over 2 in 3 have one of the three most important data access controls deployed demonstrates the significant risk that Singaporean & Malaysian companies have in being able to recover as fast as possible,” said Sathish Murthy, director of Systems Engineering, Cohesity ASEAN & India.
