Veeam used its annual user event, VeeamON, in Miami this week to release the results of some research on ransomware highlighting some alarming statistics that raise concerns for businesses of all sizes. Veeam is a backup and recovery company, so one might wonder why it’s releasing research in cyber security.
Veeam Software Inc.‘s user event, VeeamON, running May 22-25 in Miami, is an important one because Chief Executive Anand Eswaran (pictured) has been at the helm for almost a year and a half and has now had time to put his fingerprints on the company.
As enterprises continue to struggle with how to protect their data in the face of growing cyberthreats, data protection budgets are increasing around the world.
That’s according to Veeam Software Inc.’s 2023 Data Protection Trends Report released this week. The provider of backup, recovery and data management solutions found that 85% of organizations worldwide expect to increase their data protection budgets by 6.5% in 2023, significantly larger than predictions from Gartner (5.1%) and IDC (5.2%), and larger than overall spending increases in other areas of information technology.