With 94 Percent of Organizations Using Cloud, IoT, Other Transformative Technologies, Data Breaches at All-Time High
As businesses embrace new environments, such breaches have become the new reality, according to the 2018 Thales Data Threat Report.
Jan 25, 2018—
Thales, a leader in critical information systems, cybersecurity and data security, announces the results of its 2018 Thales Data Threat Report, Global Edition, issued in conjunction with analyst firm 451 Research. The report finds digitally transformative technologies are shaping the way organizations do business and moving them to a data-driven world, with 94% of organizations using sensitive data in cloud, big data, IoT, container, blockchain and/or mobile environments.
Digital transformation is driving efficiency and scale as well as making possible new business models that drive growth and profitability. Enterprises are embracing this opportunity by leveraging all that digital technology offers, with adoption at record levels:
This rush to embrace new environments has created more attack surfaces and new risks for data that need to be offset by data security controls. The extent and impact of increased threats is most clearly shown in levels of data breaches and vulnerability:
While times have changed with respect to technological advancements, security strategies have not– in large part because spending realities do not match up with what works best to protect data:
This disconnect is also reflected in organizations' attitude towards encryption, a key technology with a proven track record of protecting data. While spending decisions don't reflect its popularity, respondents still express a strong interest in deploying encryption technologies:
Garrett Bekker, principal security analyst, information security at 451 Research and author of the report says: "This year we found that organizations are dealing with massive change as a result of digital transformation, but this change is creating new attack surfaces and new risks that need to be offset by data security controls. But while times have changed, security strategies have not – security spending increases that focus on the data itself are at the bottom of IT security spending priorities, leaving customer data, financial information and intellectual property severely at risk. If security strategies aren't equally as dynamic in this fast-changing threat environment, the rate of breaches will continue to increase."
Peter Galvin, chief strategy officer, Thales eSecurity says: "From cloud computing, to mobile devices, digital payments and emerging IoT applications, organizations are re-shaping how they do business – and this digital transformation is reliant on data. As is borne out by our 2018 Data Threat Report, we're now at the point where we have to admit that data breaches are the new reality, with over a third of organizations suffering a breach in the past year. In this increasingly data-driven world it is therefore hugely important to take steps to protect that data wherever it is created, shared or stored."
To offset the data breach trend and take advantage of new technologies and innovations, at minimum organizations should adhere to the following practices:
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