N-able Cove Data Shows Microsoft 365 Domains Have Seen a 56% Increase in Disaster Recovery Events this Year
N-able, Inc. (NYSE: NABL) has released new data showing a 56% increase in disaster recovery events related to Microsoft 365 domains and an increase in backups among its partners. This trend aligns with a reported 46.15% rise in cyberattacks in the first half of 2024 compared to 2023. Key findings include:
- 1,000 more MSPs offering backup services for Microsoft 365 with Cove
- Over 2.2 million Microsoft 365 end users protected, a 46% increase
- 42 petabytes of Microsoft 365 data backed up, up from 26 petabytes last year
The data underscores the growing importance of robust backup solutions in the face of increasing cyber threats, with 67% of surveyed MSPs expecting growth in managed backup services.
N-able, Inc. (NYSE: NABL) ha rilasciato nuovi dati che mostrano un aumento del 56% negli eventi di recupero da disastri legati ai domini Microsoft 365 e un incremento nei backup tra i suoi partner. Questa tendenza è in linea con un aumento del 46,15% degli attacchi informatici nella prima metà del 2024 rispetto al 2023. Le principali scoperte includono:
- 1.000 MSP in più offrono servizi di backup per Microsoft 365 tramite Cove
- Oltre 2,2 milioni di utenti finali di Microsoft 365 protetti, un aumento del 46%
- 42 petabyte di dati di Microsoft 365 salvati, in aumento rispetto ai 26 petabyte dell'anno scorso
I dati sottolineano l'importanza crescente di soluzioni di backup solide di fronte ad un aumento delle minacce informatiche, con il 67% degli MSP intervistati che prevedono una crescita nei servizi di backup gestiti.
N-able, Inc. (NYSE: NABL) ha publicado nuevos datos que muestran un aumento del 56% en los eventos de recuperación de desastres relacionados con los dominios de Microsoft 365 y un incremento en las copias de seguridad entre sus socios. Esta tendencia se alinea con un aumento del 46,15% en los ciberataques en la primera mitad de 2024 en comparación con 2023. Los hallazgos clave incluyen:
- 1,000 MSP más que ofrecen servicios de copia de seguridad para Microsoft 365 con Cove
- Más de 2,2 millones de usuarios finales de Microsoft 365 protegidos, un aumento del 46%
- 42 petabytes de datos de Microsoft 365 respaldados, en comparación con los 26 petabytes del año pasado
Los datos enfatizan la creciente importancia de soluciones de respaldo robustas ante un aumento de las amenazas cibernéticas, con un 67% de los MSP encuestados esperando crecimiento en los servicios de copia de seguridad gestionados.
N-able, Inc. (NYSE: NABL)는 Microsoft 365 도메인과 관련된 재해 복구 이벤트가 56% 증가했다는 새로운 데이터를 발표했습니다 그리고 파트너 간의 백업 증가도 나타났습니다. 이 추세는 2023년과 비교하여 2024년 첫 번째 반기 동안 사이버 공격이 46.15% 증가했다는 보고서와 일치합니다. 주요 발견사항은 다음과 같습니다:
- Cove를 통해 Microsoft 365의 백업 서비스를 제공하는 MSP가 1,000개 증가
- 2.2백만 명 이상의 Microsoft 365 최종 사용자가 보호되고 있으며, 이는 46% 증가한 수치
- 42페타바이트의 Microsoft 365 데이터가 백업되었으며, 이는 작년의 26페타바이트에서 증가한 수치입니다
이 데이터는 증가하는 사이버 위협에 대응하기 위한 강력한 백업 솔루션의 중요성을 강조하며, 조사에 응답한 MSP의 67%가 관리된 백업 서비스의 성장을 기대하고 있습니다.
N-able, Inc. (NYSE: NABL) a publié de nouvelles données montrant une augmentation de 56% des événements de récupération de désastre liés aux domaines Microsoft 365, ainsi qu'une hausse des sauvegardes parmi ses partenaires. Cette tendance est conforme à une augmentation de 46,15% des cyberattaques au cours du premier semestre 2024 par rapport à 2023. Les principales conclusions comprennent :
- 1 000 MSP supplémentaires offrant des services de sauvegarde pour Microsoft 365 via Cove
- Plus de 2,2 millions d'utilisateurs finaux de Microsoft 365 protégés, soit une augmentation de 46%
- 42 pétaoctets de données de Microsoft 365 sauvegardées, contre 26 pétaoctets l'année dernière
Les données soulignent l'importance croissante de solutions de sauvegarde robustes face à l'augmentation des menaces cybernétiques, 67% des MSP interrogés s'attendant à une croissance des services de sauvegarde gérés.
N-able, Inc. (NYSE: NABL) hat neue Daten veröffentlicht, die einen 56% Anstieg der Katastrophenwiederherstellungsereignisse im Zusammenhang mit Microsoft 365-Domains sowie ein Wachstum der Backups unter seinen Partnern zeigen. Dieser Trend korreliert mit einem 46,15% Anstieg der Cyberangriffe in der ersten Hälfte des Jahres 2024 im Vergleich zu 2023. Zu den wichtigsten Ergebnissen gehören:
- 1.000 weitere MSPs, die Backup-Dienste für Microsoft 365 über Cove anbieten
- Über 2,2 Millionen Microsoft 365-Endbenutzer geschützt, ein Anstieg um 46%
- 42 Petabyte von Microsoft 365-Daten gesichert, ein Anstieg von 26 Petabyte im vergangenen Jahr
Die Daten unterstreichen die zunehmende Bedeutung robuster Backup-Lösungen angesichts steigender Cyber-Bedrohungen, wobei 67% der befragten MSPs ein Wachstum der verwalteten Backup-Dienste erwarten.
- 56% increase in disaster recovery events for Microsoft 365 domains, indicating growing market demand
- 1,000 more MSPs offering backup services for Microsoft 365 with Cove compared to last year
- 46% increase in protected Microsoft 365 end users, now over 2.2 million
- 61.5% increase in backed up Microsoft 365 data, from 26 to 42 petabytes
- 67% of surveyed MSPs expect growth in managed backup services, suggesting positive market outlook
- 46.15% rise in cyberattacks in the first half of 2024 compared to 2023, potentially increasing operational challenges
Insights
The 56% increase in disaster recovery events for Microsoft 365 domains signals a growing cybersecurity challenge for businesses. This surge, coupled with the 46% rise in cyberattacks reported by Critical Start's CRU, underscores the escalating threat landscape. For investors, this trend highlights potential growth opportunities in the cybersecurity sector, particularly for companies like N-able that offer specialized backup and protection services.
The data showing a 46% increase in protected Microsoft 365 end users and a 61.5% growth in backed-up data volume (from 26 to 42 petabytes) indicates strong market demand and adoption of N-able's Cove Data Protection service. This growth trajectory suggests a positive outlook for N-able's revenue stream in this segment, potentially boosting investor confidence in the company's market position and future prospects.
The reported 56% increase in disaster recovery events for Microsoft 365 domains is alarming but not surprising given the current threat landscape. It highlights the critical need for robust backup solutions, especially for cloud-based productivity suites. The fact that N-able's partners are increasing their backup activities is a positive sign, indicating growing awareness and proactive measures against ransomware threats.
However, the mention of ransomware organizations targeting known backup file extensions is concerning. It emphasizes the importance of ransomware-resilient backup architectures, which N-able seems to be focusing on. For investors, this evolving threat landscape suggests ongoing demand for advanced cybersecurity solutions, potentially driving continued growth in this sector.
N-able's data reveals strong growth indicators for its Cove Data Protection service. The 46% increase in protected Microsoft 365 end users and the addition of 1,000 more MSPs offering backup services suggest robust customer acquisition and market penetration. This growth aligns with the broader industry trend, as evidenced by the N-able 2024 Horizons Report showing 67% of surveyed MSPs expecting growth in managed backup services.
From a financial perspective, the expansion of N-able's user base and data under management (42 petabytes, up from 26 petabytes) likely translates to increased recurring revenue. While specific financial figures aren't provided, the substantial growth in service adoption indicates a positive trajectory for N-able's revenue in this segment, which could positively impact the company's overall financial performance and stock valuation.
The N-able data revealed a related increase in backups among its partners, helping them become more ransomware-resilient to address the growing number of threats and attacks.
Chris Groot, General Manager of Cove Data Protection at N-able (Photo: Business Wire)
According to a report by Critical Start’s Cyber Research Unit (CRU), over 3,400 high and critical cyber alerts were recorded in the first half of 2024, with a
“Backup has been a necessity for 30 years, and the need remains to protect against accidental data deletion or insider threats. However, with cyberattacks not only increasing, but becoming more sophisticated, MSPs need a backup architecture that is ransomware-resilient,” said Chris Groot, General Manager of Cove Data Protection at N-able. “MSPs understand that ransomware organizations have been very vocal about their ability to compromise basic backup, and we’ve seen cases where known backup file extensions are specifically targeted. The ever-growing dangers of ransomware and cyberattacks cause businesses a great deal of anxiety, and MSPs need to position themselves as trusted advisors to help identify the right tools and solutions to protect businesses in the best way.”
According to the N-able 2024 Horizons Report,
-
56% increase in disaster recovery events related to Microsoft 365 domains. - 1,000 more MSPs offer backup services for Microsoft 365 with Cove, compared to last year.
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MSPs are protecting over 2.2 million Microsoft 365 end users with Cove, a
46% increase compared to last year. - These MSPs are backing up 42 petabytes of Microsoft 365 data, up from 26 petabytes last year. This is equivalent to watching a film in 4K for over 700 years.
“Ransomware continues to be one of our biggest concerns when it comes to protecting our customers,” said Simon Beckett, Director, DynaCom IT Support Ltd. “Being able to effectively protect Microsoft 365 data, which is one of the highest areas of risk when it comes to this type of attack, is critical. In addition, the uptick in compliance requirements mandates this level of protection on many fronts. We’ve been an avid Cove customer for about a decade and it’s really a no-brainer to help ensure we’re doing backup and disaster recovery right for our customers.”
To learn more about how Cove Data Protection has changed the game, visit: https://www.n-able.com/products/cove-data-protection.
About N-able
N-able fuels IT services providers with powerful software solutions to monitor, manage, and secure their customers’ systems, data, and networks. Built on a scalable platform, we offer secure infrastructure and tools to simplify complex ecosystems, as well as resources to navigate evolving IT needs. We help partners excel at every stage of growth, protect their customers, and expand their offerings with an ever-increasing, flexible portfolio of integrations from leading technology providers. n-able.com
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Category: Company
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919183178/en/
Lindsey Bradshaw
lindsey.bradshaw@n-able.com
Source: N-able, Inc.
FAQ
What percentage increase in disaster recovery events for Microsoft 365 domains did N-able (NABL) report in 2024?
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