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Ransomware Trends Report 2024

June 2024
Research parameters
Topic:
Ransomware
Countries:
North America (US & Canada); LATAM (Mexico, Argentina); Europe (UK, France, Germany, Nordics); APJ (ANZ, Japan)
No. of interviews:
1400
Methodology:
Quantitative
Respondent profile:
CISO or other CXO/VP; IT Security Professional; Backup Administrators

Brief

Ransomware continues to be a major reason that organisations experience business interruption, so Veeam were keen to continue the success of their Ransomware Trends report. All with the aim to continue harnessing their position as a thought leader in the space, and help organisations engage in deeper conversations on the topic of ransomware.

Previous years’ research:

2022 report

2023 report

Solution

Veeam and Vanson Bourne worked collaboratively to enhance and expand upon the existing ransomware trends survey, to enable the continual monitoring of key trends that are important in this area, and ensure they align to key areas of interest on this topic from across the industry.

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Outcome

Veeam used the research to develop their 2024 report, taking the insights from the data to highlight the issues that arise from ransomware attacks. In particular, they were the report dove deeply into the scale, breadth and impact of ransomware attached, the importance of organisational alignment during the preparation as well as remediation stages, and the technologies used to support organisations through the incident lifecycle.

The careful curation of a robust global scope enabled Veeam to consider differences across a regional scale, creating shorter executive summaries to highlight the key trends by region.

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Key findings

96%
of ransomware attacks targeted backup repositories
27%
of organisations that paid the ransom could not recover even after paying
63%
of organisations believe a significant or complete overhaul is needed between IT and cybersecurity teams
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