28% of executives at financial services firms acknowledge that a lack of current backups or recovery capabilities is a significant weakness that could slow recovery.

36% of financial services firms plan to invest or upgrade in backup and disaster recovery solutions in 2026.

48.54% of IT decision-makers at financial services firms reported that data backup and disaster recovery is currently fully or partially managed by an MSP or MSSP.

In 2023, 88.9% of backups were not affected by ransomware.

Before 2023, 62.8% of backups were affected by ransomware.

In 2023, only 11.1% of backups were affected by ransomware.

Before 2023, 37.2% of backups were not affected by ransomware.

57% of UK organisations recovered from backups when hit by ransomware.

72% of UK organisations have air-gapped backups.

UK organisations are now more than three times more likely to recover from backups than pay the ransom.

59% of UK organisations have immutable backups.

Just 27% of law firms rank backups as a top-three security control.

Half of law firms have at least one backup system capable of immutability.

21% of financial services organizations have not ensured backup integrity and secure data recovery (a DORA requirement).

Only 54% of companies used backups to restore their data after a ransomware attack, which is the lowest percentage in six years.

Backup verifications and frequencies were included in ransomware playbook for 44% of organizations.

96% of organizations attacked by ransomware said backups were targeted.

Almost every organization (96%) that has experienced a ransomware attack in the past two years said that their backup data has been targeted at least once.

81% of IT professionals say immutable backup storage built on Zero Trust principles is the best defense against ransomware.

Over 90% of IT decision-makers said that Zero Trust principles, storing backup copies in multiple locations, and segmenting backup software and storage provide the defense needed to protect against ransomware threats.