A new study has found that many IT professionals are targeting encryption deployments as part of their future strategy. In the survey of over 5,000 individuals, Thales e-Security found that consumer concerns, privacy compliance regulations and cyber-attacks have affected the market and made encrypted data increasingly essential for companies. However, though the awareness surrounding encryption is rising, it’s important for firms to act on this knowledge and put consistent, long-term security in place.
As part of the “2016 Global Encryption Trends Study”, it was shown that the majority of firms want to move their sensitive data into the cloud over the coming two years. In fact, 56 per cent of those questioned said they were already moving confidential data sets to the cloud, with this figure expected to rise towards 84 per cent by 2018. Respondents also revealed that a large portion of this information involves HR and employee details. Meanwhile, IT executives also revealed that they rate on-premise and cloud deployment support as one of the most important factors when getting a new system up and running. Finally, it also seems as if companies are waking up to the risks of employee mistakes, with this being the top perceived threat for the exposure of data. This was followed by application or system malfunction, with malicious insiders and external attacks lower on the list.
Thales Vice President of Strategy Peter Galvin said: “As businesses increasingly turn to cloud services, we're seeing a rapid rise in sensitive or confidential data being transferred to the cloud and yet only a third of respondents had an overall, consistently applied encryption strategy. Encryption is now widely accepted as best-practice for protecting data, and a good encryption strategy depends on well-implemented encryption and proper key management.”
Despite the results, the report highlighted that awareness regarding the cloud and encryption methods isn’t a solution, and companies need to do a lot more if they’re to consistently reduce the threat towards IT. Firms need to devote increasing amounts of time for the identification of threats as a way to minimise fallout risks, especially if they’re to safeguard data for long periods of time.
A blog post by Thales on the subject of the report explained that awareness opens the door towards the issues surrounding confidential and sensitive data security. Once a piece of data’s location and encryption needs are then known, it’s up to firms to implement strong key management to ensure it remains safe.
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