Customers are spending on cyber resilience: Commvault CEO

The Biden administration hosted an event called the Counter Ransomware Initiative Summit Tuesday, convening representatives from over 40 countries and multiple businesses. The event was held in hopes of identifying cyber security threats and learning how to tackle them. Commvault CEO and President Sanjay Mirchandani (CVLT) joins Yahoo Finance to discuss the event, what he's heard from his clients, and to break down evolving AI cyber security threats.

Mirchandani discusses how his customers view cyber threats, telling Yahoo Finance Live that in a recent survey the company conducted with IDC, "about 30%+ of CEOs are actively involved in being ready for a cyber attack and over 60% of the respondents actually felt that they would get breached in some way in the next 12 months, so this is real."

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