This report shows financial institutions face high ransomware frequency, with most suffering multiple attacks and only partial recoverability. Cloud use is rising, but hybrid IT remains dominant, requiring protection across physical, virtual, and cloud servers. The brief emphasizes improved reliability, immutable backups, and cyber-ready architectures as top modernization drivers. Charts highlight severe availability and protection gaps, with budgets increasing to support integrated BC/DR, automated testing, and cloud-powered recovery for mission-critical financial services workloads.

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