A while ago, one cloud covered all the needs of digital infrastructure for most businesses. Now, most cutting-edge companies need multi-cloud strategies. Multi-cloud gives organizations various opportunities, such as choices. With multi-cloud architecure, there are variety of cloud solutions. That gives flexibility and organizations don’t have to be lock into specific contract.
Other good thing is more options for businesses. With a multi-cloud architecture, you get to choose from a variety of cloud solutions.
The third great opportunity is risk mitigation. Even a few minutes of downtime can be very expensive for the business. Having multiple cloud environments ensures that you always have alternative resources and data storage on hand and helps avoid downtime.
The data is in the cloud and threats keep accelerating. The best path forward ensures that organizations are in the know and in control of their cryptographic infrastructure.
This year’s Entrust 2022 Global Encryption Trends Study focused in on this multi-cloud security challenge. This annual report, conducted by the Ponemon Institute, looks at how more than 6,000 companies across multiple sectors and 17 countries/regions are prioritizing their digital security investments to regain control of the data in their dynamic cloud environments.
The big report takeaways are:
Data is more vulnerable than ever
Data security threats continue to increase. The threats are coming from all directions. Employee mistakes are still the biggest source of sensitive data breaches, accounting for nearly half (47%). But combining malicious insiders (20%) and external hackers (29%), we see that intentional actors account for around half of top-ranked threats.
A major jump in encryption adoption
Effective encryption protects against both intentional and unintentional breaches. While encryption adoption has been slowly climbing by 2-3% annually, adoption jumped up 12% over the past year.
Essential industries amping up encryption
Not surprisingly, organizations in tech, software, education, and research have traditionally been leaders in encryption usage. But this year’s most significant increases in extensive encryption usage occurred in manufacturing, energy & utilities, and the public sector.
HSMs becoming vital and versatile tools to gain control
As they prioritize and invest in future-ready encryption strategies, hardware security modules (HSMs) are becoming an essential and versatile component of organizations’ security posture. Half of respondents said they’re using an HSM as a foundational part of their multi-cloud security strategies.
Read the whole study at: https://www.entrust.com/c/global-encryption-trends-study