HOPKINTON, Mass., June 28, 2016 News Highlights:
- New EMC-sponsored global research surveys IT decision-makers at 2,200 organizations to index data protection maturity, threats and trends
- Incidents of traditional data loss and disruption are down since 2014, but new challenges mean 13% more businesses experienced loss overall
- 36% of organizations have lost data in the last year as the result of a security breach
- Research reveals average cost of data loss more than US$914,000
- Over half of businesses fail to protect data in the cloud despite more than 80% indicating they will rely on SaaS-based business applications
- 73% of organizations not very confident they can protect flash storage environments
- EMC delivers new Isolated Recovery Solutions line to help enterprises air gap data from destructive cyber attacks
Connect with us:
- Read the full EMC Global Data Protection Index 2016 findings
- Find out more about how EMC can help you ensure protection everywhere
- Learn more about EMC's Isolated Recovery Solutions line
- Read Chris Ratcliffe's Blog on EMC Reflections: "Protecting Your Business From A Destructive Cyber Attack"
- Read Beth Phalen's Blog on EMC Pulse: "Is Your Data Still Protected? Three Steps That Could Save Enterprises $1m A Year"
- Follow @EMCCorp, @EMC_News @EMCProtectData and @EMCStorage on Twitter and join the conversation, and like EMC on Facebook
EMC Corporation (NYSE: EMC) today announced the results of new research revealing that organizations are failing to appreciate the growing challenges of protecting their data and, as a result, are experiencing the economic impact of data loss. New findings from the EMC® Global Data Protection Index 2016, an independent study by Vanson Bourne of enterprise backup in 18 countries around the world, revealed that, while businesses have been successful in reducing the impact of the four biggest traditional data loss risks1, they are unprepared for new, emerging threats, which are taking their toll instead. When compared to the EMC Global Data Protection Index 2014, 13% more businesses experienced data loss or disruption in the last 12 months, costing them an average of US$914,000.
EMC commissioned the updated research to help organizations recognize and prepare for the rapidly changing landscape of threats to enterprise data. Survey results from the EMC Global Data Protection Index 2016 identified the following three major challenges to modern data protection:
1) Threats to Protection Data
Nearly a quarter (23%) of businesses surveyed had experienced data loss or unplanned systems disruption due to an external security breach and that number increased to over one third (36%) when taking internal breaches into account. Businesses are increasingly facing threats not just to their primary data, but also to their backup and protection data. Whether combating cyber extortionists demanding cash to unlock data encrypted by ransomware, or other risks posed to backup and protection data, businesses need to find solutions that put their 'data of last resort' beyond harm's reach.
To address this threat, EMC is launching a new Isolated Recovery Solutions™ line to help organizations "air gap" a protection instance of their data from the networked enterprise. Based on EMC VMAX®, EMC Data Domain® and EMC Professional Services technologies, EMC's Isolated Recovery Solutions line is designed to enable businesses to create a virtual panic room for their most valuable data, isolating it from networked systems that could be compromised in a cyber attack. If needed, the isolated instance of protection data can be scanned and restored safely within minutes, offering a Recovery Time Objective (RTO) superior to tape-based backup. Isolated Recovery Solutions offerings based on EMC XtremIO®, EMC Unity™ and EMC Isilon® technologies will be available in the near future.
2) Threats to Data in the Cloud
More than 80% of survey respondents indicated that their organizations will run at least part of eight key business applications2 in the public cloud in the next two years; yet less than half said they protect cloud data against corruption and less than half against deletion. More than half said they already run their email solution in the public cloud. And, overall, respondents already had, on average 30% of their IT environments based in the public cloud.
Because SaaS application providers often won't protect against accidental loss or deletion by an employee, EMC believes it is critical for organizations to include cloud applications in their overall data protection strategies. EMC offers a comprehensive portfolio of solutions for cloud-to-cloud and on-premise-to-cloud data protection to facilitate this. These include: Data Domain Cloud Tier technology, which allows seamless tiering to public clouds such as Virtustream® Storage Cloud; Spanning Backup® technology by EMC, which enables businesses to protect data in applications such as Microsoft Office 365 and Salesforce.com; and Mozy® online backup service by EMC, which empowers businesses to protect endpoint data to the public cloud.
3) Evolving Protection Needs
More than 70% of organizations surveyed are not very confident they could fully recover their systems or data in the event of data loss or unexpected systems downtime. And confidence also suffers when it comes to data center performance, with 73% declaring they are not very confident their solutions will be able to keep pace with the faster performance and new capabilities of flash storage.
EMC has a comprehensive portfolio of data protection solutions that it constantly evolves to deliver greater benefits to its customers. Over the past year, EMC significantly enhanced its portfolio with new solutions, including:
- EMC ProtectPoint™: Enables businesses to manage the growing challenge of protecting flash environments by protecting directly from primary to protection storage with no traditional backup infrastructure, cutting backup times by 10x and restore times by 20x.
- EMC zDP™: The first-to-market scale-out automated snapshot solution for mainframe storage that slashes mainframe Recovery Point Objectives by up to 144x.
- EMC Enterprise Copy Data Management™ (eCDM): A modern management platform that discovers, automates, and optimizes organizations' copy data.
- Data Domain Virtual Edition: A software-defined version of EMC's trusted protection storage which can reduce storage requirements by 10-30x and includes DD Boost™, to speed backups by up to 50%.
- VCE® Data Protection Appliances -- built with Data Domain and EMC data protection software -- designed to cut deployment time by 75%.
EMC is able to deliver EMC ProtectPoint, EMC zDP, EMC Enterprise Copy Data Management, Data Domain Cloud Tier, Spanning Backup, Mozy and Isolated Recovery Solutions (based on VMAX and Data Domain) products, technologies and solutions today. Isolated Recovery Solutions offerings based on XtremIO, Unity and Isilon technologies will be available in the near future.
In concert with these technologies, EMC has a portfolio of data protection and availability services to help customers ensure their most valuable data is secure from cyber attacks and meets organizational availability and RTO requirements. EMC experts are well versed in modern strategies such as Isolated Recovery, understand the latest industry compliance requirements, and are skilled at implementing these leading edge EMC technologies.
Steve Duplessie, Founder and Senior Analyst, Enterprise Strategy Group
"Ransomware is dramatically raising the stakes when it comes to cyber security. We're moving from theft, which is costly, to potential catastrophe. There are forces at play now that aren't satisfied with just stealing your money, they want to destroy your entity. You can either start taking these threats seriously, or start looking for a hole to crawl into. Ignorance is no longer bliss."
EMC Executive Quote:
David Goulden, Chief Executive Officer, EMC Information Infrastructure
"Our customers are facing a rapidly evolving data protection landscape on a number of fronts, whether it's to protect modern cloud computing environments or to shield against devastating cyber attacks. Our research shows that many businesses are unaware of the potential impact and are failing to plan for them, which is a threat in itself. As a leader in data protection and cloud computing, EMC continues to innovate to stay ahead of both existing and new challenges by providing modern cloud-centric data protection solutions. In addition, today we are introducing the first in a range of new Isolated Recovery Solutions, that are designed to help protect customer data against cyber attacks such as ransomware and destructive hacking."
Research carried out independently by Vanson Bourne between March and April 2016. Respondents were IT decision makers from both private and public organizations with at least 250 employees. Vanson Bourne surveyed a total of 2,200 respondents from 18 countries - 200 each from US, UK, France and Germany. The rest of the countries had 100 respondents.
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.
1. Question: What were the causes of your data loss and/or systems downtime?
2. Key business applications include email, CRM, ERP, data warehousing, customer support systems, CMS, BI, productivity apps and archiving.
EMC, Data Domain, DD Boost, Enterprise Copy Data Management, Isilon, Isolated Recovery Solutions, Mozy, ProtectPoint, Spanning Backup, Unity, VMAX, XtremIO and zDP are trademarks or registered trademarks of EMC Corporation in the United States or in other countries. VCE is a trademark or registered trademark of VCE Company, LLC in the United States or in other countries. Virtustream is a trademark or registered trademark of Virtustream, Inc. in the United States or in other countries. All other trademarks used are the property of the respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with the proposed acquisition of EMC by Denali Holdings, Inc., the parent company of Dell, Inc., including, among others, assumptions related to the ability to close the acquisition, the expected closing date and its anticipated costs and benefits; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) component and product quality and availability; (vii) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (x) the ability to attract and retain highly qualified employees; (xi) insufficient, excess or obsolete inventory; (xii) fluctuating currency exchange rates; (xiii) threats and other disruptions to our secure data centers or networks; (xiv) our ability to protect our proprietary technology; (xv) war or acts of terrorism; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
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SOURCE EMC Corporation