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.

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.

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

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

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

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

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

59% of UK organisations have immutable backups.

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.

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

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

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.

35% of IT organizations view target backup appliances as offering stronger backup/restore performance than integrated appliances.

77% of IT organizations view target backup appliances as more aligned with Zero Trust principles than integrated appliances.

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.