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Object First Reports 71% Growth Amid Rising Ransomware Threats

Object First Reports 71% Growth Amid Rising Ransomware Threats

First seen 11 Nov 2026, 17:45 UTC • •
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ThreatCluster AI
ThreatCluster •November 11, 2026 at 17:46 UTC
  • •Object First reported a 71% YoY increase in bookings for Q3 2026.
  • •93% of tech leaders consider immutable backup storage essential for ransomware defense.
  • •83% of organizations faced successful ransomware attacks in the last two years.

Object First announced a 71% year-over-year increase in bookings for Q3 2026, driven by heightened demand for immutable backup storage solutions as organizations face escalating ransomware attacks. The company reported a 164% increase in bookings from the EMEA region, attributed to data sovereignty and compliance needs. In the Americas, bookings grew by 24%, with significant public-sector wins in Canada. A study by Omdia revealed that 93% of technology leaders view absolutely immutable backup storage as critical for ransomware protection. Despite the growing adoption of these solutions, 83% of organizations experienced successful ransomware attacks in the past two years, with only 39% recovering at least 75% of their data. The findings highlight a critical gap in effective data recovery strategies amidst rising cyber threats.

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Timeline

2026-11-10
Object First announces Q3 2026 growth
The company reported a 71% year-over-year increase in bookings, driven by demand for ransomware resilience solutions.
Finance.Yahoo

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Common questions

What is absolute immutability?
Absolute immutability refers to backup storage that cannot be altered or deleted, ensuring data integrity against ransomware.
How can organizations improve their ransomware defenses?
Organizations should consider adopting immutable backup solutions and regularly assess their data recovery strategies.
What sectors are most affected by ransomware?
Public sector organizations, including municipal governments and police services, are notably impacted, as indicated by recent wins for Object First.