Data security is creating fear and trust issues for IT professionals, according to the third-annual Oracle and KPMG Cloud Threat Report 2020. The study of 750 cybersecurity and IT professionals across the globe found that a patchwork approach to data security, misconfigured services and confusion around new cloud security models has created a crisis of confidence that will only be fixed by organizations making security part of the culture of their business. Excerpts from the report:
Data Security is Keeping IT Professionals Awake at Night
Demonstrating the fear and trust issues experienced by IT professionals, the study found that IT professionals are more concerned about the security of their company’s data than the security of their own home.
IT professionals are 3X more concerned about the security of company financials and intellectual property than their home security.
IT professionals have concerns about cloud service providers; 80 percent are concerned that cloud service providers they do business with will become competitors in their core markets.
75 percent of IT professionals view the public cloud as more secure than their own data centers, yet 92 percent of IT professionals do not trust their organization is well prepared to secure public cloud services.
Nearly 80 percent of IT professionals say that recent data breaches experienced by other businesses have increased their organization’s focus on securing data moving forward.
Shifting Responsibility: Causing More Confusion and More Security Breaches
Organizations are moving more business-critical workloads to the cloud than ever before, but growing cloud consumption has created new blind spots as IT teams and cloud service providers work to understand their individual responsibilities in securing data. This confusion has left IT security teams scrambling to address a growing threat landscape.
Nearly 90 percent of companies are using software-as-a-service (SaaS) and 76 percent are using infrastructure-as-a-service today (IaaS); 50 percent expect to move all their data to the cloud in the next two years.
Shared responsibility security models are causing confusion; only 8 percent of IT security executives state that they fully understand the shared responsibility security model.
70 percent of IT professionals think too many specialized tools are required to secure their public cloud footprint.
75 percent of IT professionals have experienced data loss from a cloud service more than once.
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