Confidence in ransomware recovery is high but actual success rates remain low

Ian Barker reports:

A new study from OpenText of nearly 1,800 global IT and security leaders shows a false sense of confidence in ransomware readiness.

The report shows that 95 percent of respondents say they’re confident in their ransomware recovery — yet only 15 percent of those attacked have fully recovered their data.

In a rapidly changing threat landscape new attack methods, weak governance, and supply chain vulnerabilities are exposing critical gaps between preparation and performance, creating a higher-stakes environment for defenders and leaders alike. This is especially true for SMBs that have fewer formal AI policies.

“Organizations are right to be confident in their progress in security posture, but they can’t afford to be complacent,” says Muhi Majzoub, executive vice president, security products at OpenText. “AI fuels productivity while also heightening risk through insufficient governance and its expanding use in attacks. Managing information securely and intelligently is essential to building resilience in organizations of any size.”