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SALESFORCE.COM, INC.

(CRM)
  Report
Delayed Nyse  -  04:00 2022-12-02 pm EST
144.56 USD   -1.66%
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SaaS Data Was the Target of 51% of Ransomware Attacks in the Last 12 Months; More Than Half of These Attacks Were Successful

09/27/2022 | 09:10am EST

* New Global Survey from Odaseva Also Finds that Only 50% of Organizations Impacted by an Attack on SaaS Data Were Able to Fully Recover

SAN FRANCISCO - - Odaseva, the leading enterprise data protection platform for Salesforce, today released the findings of a global survey that shows that organizations are largely unprepared for ransomware attacks on their data stored in SaaS platforms. Attacks on SaaS data are an increasingly common cybersecurity target, and they succeed in encrypting SaaS data half the time, leaving only half of the victims able to fully recover. Differentiating from other ransomware studies, the survey queried senior data professionals at large enterprises of 10,000 employees or more.

Ransomware attacks are successfully targeting both SaaS and cloud data

*The survey reveals that almost half (48%) of organizations have experienced a ransomware attack over the past 12 months, and SaaS data was the target of more than half of them (51%).

*Data in public infrastructure clouds like Amazon Web Services, Microsoft Azure and Google Cloud was the No. 1 target, while endpoints, such as laptops and mobile devices, (61%) and on-premises data (56%) came in at No. 2 and No. 3, respectively.

*Ransomware attacks on SaaS data were the most likely to be successful however, with 52% of them penetrating enterprise defenses to encrypt the data.

*Attacks targeting data in public infrastructure clouds, on the other hand, were only successful 42% of the time.

*On-premises and endpoint data attacks were successful 46% and 51% of the time, respectively.

Only half of enterprises fully recover from ransomware attacks on SaaS data

*Only half (50%) of organizations whose SaaS data was successfully attacked were able to fully recover their data, the lowest rate of all environments, highlighting the urgent need for enterprises to implement an effective SaaS data protection solution

*More than eight in 10 (81%) organizations were able to recover all their data from a successful attack on on-premises data, while just over half were able to fully recover endpoint (55%) and public cloud (53%) data.

Most enterprises do not fully back up all their SaaS data

*While all companies reported they had some form of SaaS backup, only 43% said they backed up all of their SaaS data, which leaves 57% of companies at least partially unprotected. Similarly, 59% of enterprises don't protect all of their data in public infrastructure clouds.

*Unsurprisingly then, managers and executives at only 28% of organizations are "very" confident about their ability to recover after a cloud or SaaS ransomware attack, with 69% saying they are "somewhat" confident.

"Especially given how heavily modern enterprises depend on SaaS and cloud apps and data, it was shocking to see that the majority of organizations are still not protecting all of their data, leaving it unprotected against a ransomware attack," said Remy Claret, CMO and co-founder at Odaseva.

Complex data recovery processes are the No. 1 concern for protecting SaaS data

*When asked why they are concerned about their ability to recover, organizations are most concerned that their recovery process for SaaS data is so complex, they could not get up and running quickly following a successful attack (69%). They are also concerned that a single user becoming infected could sync the malware into the entire system (56%).

*Regarding vectors of attack on SaaS data, their top concerns are stolen user credentials (67%) and malicious or vulnerable third party apps (58%).

"As companies increasingly turn to SaaS applications to run mission-critical business processes, cybercriminals have taken note," said Remy. "SaaS data is targeted in more than half of all ransomware attacks, and half the time, these attacks are successful. Organizations need to protect their SaaS data with comprehensive backups, but just as important, they need to ensure they are able to recover that backed up SaaS data quickly enough to avoid damage to the business."

The survey was commissioned by Odaseva and fielded by Dimensional Research in August 2022. Independent sources of data stakeholders were invited to participate, resulting in responses from 157 executives or team managers with decision making responsibility for public cloud and SaaS environments from North America, EMEA and APAC completed the survey. All had decision making responsibility for data solutions for both IaaS and SaaS cloud environments. All worked for a company with more than 10,000 employees.

Click here to access the full report, "The State of SaaS Ransomware Attack Preparedness": https://rlw.co/dgC.

About Odaseva:

More than 93 million users rely on Odaseva to keep their Salesforce data protected, compliant, and agile. Industry leaders like Schneider Electric and Manulife depend on Odaseva to ensure business continuity, satisfy customers and regulators, and move Salesforce data to any system. A leading Salesforce partner since 2012, with funding from Salesforce Ventures, Odaseva delivers unmatched security, performance, and expertise to large enterprise Salesforce customers.

Media Contact:

Remy Claret

Odaseva

contact@odaseva.com

+1-800-490-1054

Source: RealWire

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2023 30 988 M - -
Net income 2023 539 M - -
Net cash 2023 4 139 M - -
P/E ratio 2023 268x
Yield 2023 -
Capitalization 145 B 145 B -
EV / Sales 2023 4,54x
EV / Sales 2024 3,85x
Nbr of Employees 73 541
Free-Float 95,7%
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Mean consensus BUY
Number of Analysts 51
Last Close Price 144,56 $
Average target price 203,33 $
Spread / Average Target 40,7%
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Managers and Directors
Marc Russell Benioff Chairman & Co-Chief Executive Officer
Bret Steven Taylor Vice Chairman & Co-Chief Executive Officer
Amy E. Weaver Co-President & Chief Financial Officer
Brian Millham Co-President & Chief Operating Officer
Srinivas Tallapragada Co-President & Chief Engineering Officer
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