Statistics 2024

Data loss and cyber threats: A look at current statistics and protective measures

In today’s digital era, data has become the currency of the 21st century. However, as the value of data continues to rise, so do the associated risks. Recent statistics reveal that organizations worldwide are increasingly confronted with the challenges of data loss and cyberattacks.

Data is no longer merely passive information; it serves as the backbone of modern business models. Companies leverage data to gain valuable insights, drive innovation, and make strategic decisions. This digital asset enables organizations to remain competitive and thrive in an interconnected world.

Statistics on Data Loss

Data Backup Practices: A Critical Analysis

It may come as a surprise, but according to recent surveys, only 17% of all companies perform regular backups of their critical data. Yet, implementing consistent backup strategies is essential, as data loss can have severe consequences for any organization.

Approximately 54% of respondents state that they back up their data regularly and in full. Unfortunately, this means that nearly half of all companies are exposed to the risk of data loss—whether due to human error, cyberattacks, or other unforeseen events.

Cyberattacks: A Growing Threat for Companies

Cyberattacks have emerged as one of the most significant risks for businesses, particularly in the D-A-CH region (Germany, Austria, and Switzerland). Since 2016, there has been an increase of over 20% in reported incidents. The General Data Protection Regulation (GDPR) underscores the severity of this issue, identifying cyberattacks as the second highest risk for companies across Europe.

Impact of Data Loss: Downtime and Business Damage

The consequences of data loss can be devastating. Up to 29% of companies experience downtime ranging from one to eight hours as a result of data loss. In the most severe cases, organizations may face more than a week of downtime, leading to substantial business damage.

According to the Gartner Group, 43% of companies that suffer a significant data loss experience immediate and severe business disruption. Alarmingly, 51% of these organizations are forced to cease operations immediately, and only 6% manage to survive for more than two years after such an incident.

These statistics make it clear: data loss is not just a potential hazard—it is a real and present threat to businesses of all sizes. Raising awareness about the causes and consequences of data loss is the first step toward implementing effective preventive measures.

Data security should never be treated as a secondary concern. Now is the time for companies to take proactive steps to safeguard their data and ensure the integrity of their business operations. Only through comprehensive security strategies can organizations successfully counter the growing risks of data loss and cyberattacks.

about the author:
Chief Digital Transformation Officer

Natalia Bobro is Langmeier Software's Chief Digital Transformation Officer (CDTO) and in this role is responsible for the company's overall business development and strategy. As CDTO, Natalia Bobro focuses on positioning Langmeier Software as a leading technology company in the area of software and services.

Under Bobro's leadership, Langmeier Software focuses on a broad range of business areas, including artificial intelligence (AI) applications, cloud services and enterprise applications. It invests heavily in the development of new software products and solutions and promotes the introduction of AI & cloud services such as Cloud Backup, aBusiness Genius and aBusiness Suite.
 

Look it up further: Backups, Data backup, Data loss, Data Security, Computers, Windows, Backup management

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