Storage and Backup Security in Financial Services and Banking Sector

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Analysis of Storage & Backup Security in the Financial Services & Banking Sector Sector

Key Findings

• More than two-thirds of the respondents believe an attack on their storage environment will have ‘significant’ or ‘catastrophic’ impact
• Almost 60% of the respondents are not confident in their ability to recover from a ransomware attack
• The significance of securing storage and backup systems is widely recognized by Infosec and GRC teams alike, and over two thirds of the respondents mentioned it has been specifically addressed in recent external audits
• And yet, storage and backup systems are the two lowest focus areas of organizations’ vulnerability management programs
• Continuously changing priorities, organizational silos, and lack of skilled personnel were chosen to be the most prominent challenges to achieving effective storage and backup security

Confidence Level in Storage Security and Recoverability