N-able Reports Significant Rise in Microsoft 365 Recovery Events
N-able Reports Significant Rise in Microsoft 365 Recovery Events
N-able, Inc. (NYSE: NABL), a leading global software company, is empowering IT services providers to effectively manage and secure their clients' systems. Recent data released by N-able highlights a remarkable 56% increase in disaster recovery events pertaining to Microsoft 365 domains this year, signaling a trend that underscores the critical importance of robust data protection measures.
The Implications of Rising Cyber Threats
With the increase in cyberattacks, organizations utilizing Microsoft 365 are facing more challenges than ever. A recent report from critical cyber research indicates over 3,400 high-level cyber alerts have been documented, marking a significant rise in cyber threats compared to previous years. Although Microsoft 365 provides essential productivity tools, the surge in cyberattacks makes it crucial for companies to back up their data to safeguard against potential losses.
Understanding the Importance of Backup Solutions
As Chris Groot, General Manager of Cove Data Protection at N-able, notes, "The necessity for backup has grown even stronger, particularly against accidental data deletion and insider threats. Ransomware attacks are becoming increasingly sophisticated, and IT service providers must employ resilient backup architectures to combat these vulnerabilities effectively." This insight emphasizes the need for service providers to position themselves as trusted partners in identifying and implementing the right solutions.
Growth in Managed Backup Services
According to the N-able 2024 Horizons Report, a significant 67% of managed service providers (MSPs) are planning to expand their managed backup services, which is reflected in the uptick of MSPs offering Microsoft 365 backup services. The Cove Data Protection product metrics indicate that:
- There has been a 56% increase in disaster recovery events revolving around Microsoft 365.
- Approximately 1,000 more MSPs are providing backup services for Microsoft 365 using Cove, compared to last year.
- MSPs are now protecting over 2.2 million Microsoft 365 end users, a 46% growth year-over-year.
- The volume of Microsoft 365 data backed up by these MSPs has escalated to 42 petabytes, a notable increase from 26 petabytes last year. To put this in perspective, it is equivalent to watching a 4K film for over 700 years!
Adapting to New Compliance Requirements
Simon Beckett, Director of DynaCom IT Support Ltd, shared his perspectives on the evolving data protection requirements. He asserted, "Protecting our clients’ Microsoft 365 data is paramount given it is among the most risk-prone areas for cyberattacks. Furthermore, the increasing compliance demands necessitate this level of protection across multiple spheres. Our long-standing partnership with Cove ensures we implement effective backup and disaster recovery solutions for our customers."
The Future of Data Protection Solutions
The data from N-able serves as a reminder of the pivotal role that data protection plays in today’s digital landscape. As the threat landscape continues to evolve, leveraging innovative backup solutions has become essential for organizations to maintain their operational efficacy and security.
N-able remains committed to equipping IT services providers with the resources they need to navigate these challenges effectively. By offering powerful solutions designed to monitor, manage, and secure their clients' networks and data, N-able is fostering a safer business environment in the face of escalating cyber threats.
Frequently Asked Questions
What recent trends has N-able reported regarding Microsoft 365 domains?
N-able has reported a 56% increase in disaster recovery events related to Microsoft 365 domains, indicating a heightened focus on data protection.
How are ransomware threats affecting data protection solutions?
Ransomware attacks are becoming more sophisticated, compelling MSPs to adopt ransomware-resilient backup architectures to protect against data loss effectively.
What percentage of MSPs are planning to grow their backup services?
Approximately 67% of surveyed MSPs intend to expand their managed backup services, showcasing a critical shift in data protection strategies.
How much Microsoft 365 end-user data are MSPs currently protecting?
MSPs are now protecting over 2.2 million Microsoft 365 end users, reflecting a 46% increase from last year.
What does N-able offer to IT services providers?
N-able provides powerful software solutions that simplify management, monitoring, and security of customer systems, data, and networks to help IT service providers thrive.
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