4 common misconceptions about the cyber recovery gap

The cybersecurity market is projected to reach £8.36bn in 2024* as many businesses invest heavily in cybersecurity measures to avoid breaches and ensure they are secure. However, the aspect of recovery is often overlooked, creating a cyber recovery gap for organisations.

Despite the growing recognition among businesses for the need to improve resiliency, there are still misconceptions about the cyber recovery gap that can leave businesses vulnerable. This blog post looks at the most common misconceptions and the reality of them:  

1) "We have strong cyber defence in place - we don’t need a recovery plan"

Many businesses put all their investment in cyber defence and believe that this negates the need for a recovery plan. However, no defence system is entirely foolproof. In today's age, it is not the case of if a cyber-attack will happen, but when, despite having preventative measures in place. Without a recovery plan, businesses can struggle to restore operations, leading to potential extended downtime and financial losses.

The reality is that prevention is just one part of the puzzle. Having a recovery plan in place ensures that your business can quickly bounce back and minimise disruptions should an attack take place.

2) “Data backup is enough”

While data backups are a crucial component of a recovery strategy, they are not enough on their own. 8% of recoveries fail when needed** because the underlying infrastructure and processes weren’t designed for a world full of cyber threats. The inability to recover data can put your business at the mercy of cybercriminals.

The reality is that a cyber recovery plan goes beyond just having copies of data and considers deploying the correct infrastructure and implementing the right processes to restore systems and resume operations.

3) “Cyber recovery is expensive" 

Some businesses consider the cost of cyber recovery to be an expensive investment. However, this fails to consider the devastating financial impact of extended downtime, data loss,  ransomware and regulatory penalties following an attack.

The reality is that investment in a cyber recovery strategy can be cost effective and protect a business from sever financial losses in the event of an attack. By working with a trusted provider, the cost of creating and implementing a robust recovery plan is often much smaller than the cost associated with reactive recovery to a cyber incident.

4) "We’re confident we can handle recovery if an incident happens" 

Having a reactive approach to recovery can lead to chaos. Cyber recovery is a complex process, requiring thorough planning and preparation. Attempting to handle recovery without a plan can lead to extended downtime and significant data loss, further exacerbating the situation.

The reality is that handling recovery on a wimb, is unrealistic and will lead to poor recovery results. Organisations need to have pre-planned strategies and the right infrastructure in place to ensure effective and timely restoration of operations.

Closing the recovery gap

Understanding and addressing these misconceptions is crucial for closing the cyber recovery gap in your business. By recognising the importance of having a comprehensive recovery plan in place, businesses can better prepare themselves to withstand, and recover should a cyber-attack take place.

A robust cyber recovery plan is not just a defensive measure but a vital component of operational resilience. At Celerity, we’re equipped to create and implement robust cyber recovery plans and work with partners like Predatar to ensure any plan is underpinned by leading technology. Leveraging Cyber Recovery Assurance Technology can ensure that your business is prepared to handle disruptions effectively. These technologies provide automated, reliable recovery processes that minimise downtime and data loss, ultimately safeguarding your organisation's continuity and reputation.

If you’re looking to close your recovery gap, download our eBook to discover some insightful hints and tips - Close your cyber recovery gap in 4 simple steps.

Statistics:

*Cybersecurity - United Kingdom | Statista Market Forecast
** Predatar – Close your recovery gap e-book