Cyberattacks cost organisations $1.68m on average in 2024

Organisations now fear their current data protection cannot handle ransomware.

Cyber threats remain a concern for the majority of organisations in the Asia Pacific and Japan — escalating calls to modernise data protection to minimise risk amid digital transformation.

In the latest Global Data Protection Index (GDPI) released by Dell Technologies, 57% of respondents reported experiencing a cyber-attack or cyber-related incident in the past 12 months, costing organisations $1.68m on average.

The concern is well founded as 76% of organisations surveyed are worried that their existing data protection measures are unable to cope with ransomware threats, while 66% are not very confident that they could reliably recover in the event of a destructive cyberattack. 

Despite these perspectives, 54% invest more in cyber prevention than in cyber recovery.

Amidst concerns about cyber threats resulting in disruption, the report noted that organisations that continue to modernise data protection can minimise risk and raise confidence levels as they pursue digital transformation.

“With massive data growth, unique data mobility needs, and increased experimentations with generative AI, organisations in the Asia Pacific and Japan must juggle multiple fronts to effectively protect their data,” said Lucas Salter, a general manager at Dell Technologies.

“In times where cyber attacks grow in frequency and sophistication, customers need a holistic data protection strategy with an integrated portfolio of solutions to improve their cyber resilience,” he added.

The report also included the impact of generative Artificial Intelligence (AI) on the cyber threat landscape, with 46% believing that it will favour their organisation’s cybersecurity stance.

However, 85% agree that generative AI will likely create large volumes of new data that will need to be protected and secured.