Welcome!

@CloudExpo Authors: Liz McMillan, Steve Wilson, Kevin Benedict, Yeshim Deniz, Elizabeth White

Blog Feed Post

Thales and Ponemon Institute study shows encryption and key management increasingly viewed as strategic issues

RSA Conference, San Francisco - February 25, 2013 - Thales, leader in information systems and communications security, announces the publication of its latest Global Encryption Trends Study. The report, based on independent research by the Ponemon Institute and sponsored by Thales, reveals that encryption continues to be viewed as a strategic issue and that organizations are increasing their investment in encryption across the enterprise in response to compliance regulations and cyber-attacks.

More than 4,000 business and IT managers were surveyed in the US, UK, Germany, France, Australia, Japan and Brazil, examining global encryption trends and regional differences in encryption usage. The report is now in its eighth year since its launch in 2005.

The results of the study show there has been a steady increase in the deployment of encryption solutions used by organizations over the past eight years. The percentage of overall IT security spending dedicated to encryption has also increased, almost doubling from 10% to 18%, demonstrating that organizations are prioritizing encryption over other security technologies.

Encryption continues to be viewed as a strategic issue with business leaders rather than IT or security professionals gaining greater influence over their organization's encryption strategy. For the first time business managers in the United States became the more influential group in setting the encryption strategy, demonstrating that encryption is no longer seen as just an IT issue but one that affects an entire organization.

Perceptions about the most significant threats to the exposure of sensitive or confidential data are employee mistakes, forced disclosures triggered by e-discovery requests and system or process malfunctions. Combined, these concerns over inadvertent exposure outweigh concerns over actual malicious attacks by more than 2:1.

The top data protection priorities focus on identity and access management, data discovery, protecting data in use within business applications and protecting data in outsourced or cloud environments. The importance of protecting data in cloud environments rose significantly from last year's survey ranking fourth in priority - up from 12th.

When it comes to buying criteria, performance is always the top concern. The next largest issue is key management with 38% of respondents saying they have a formal key management strategy. To support that strategy, the new Key Management Interoperability Protocol (KMIP) standard that allows organizations to deploy centralized key management systems that span multiple use cases and equipment vendors, has already established a relatively high level of awareness among IT and IT security practitioners. KMIP is perceived to be of increasing importance and is expected to contribute to encryption and key management strategies specifically around cloud, storage and application-centric deployments.

Hardware security modules (HSMs) are increasingly considered a critical component of a key management strategy. These devices are used to protect critical data processing activities and can be used to strongly enforce security polices and access controls.

Dr Larry Ponemon, chairman and founder of The Ponemon Institute, says:
"Encryption usage has emerged as a clear indicator of a strong security posture with organizations that deploy encryption being more aware of threats to sensitive and confidential information and making a greater investment in IT security. Regardless of an organization's situation, it is clear that encryption and key management are becoming more widely deployed. For the first time this year our study shows that more organisations say they have an encryption strategy than not - another clear indication that encryption is now seen as a strategic issue."

Richard Moulds, vice president strategy at Thales e-Security says:
"Encryption is taking center stage as a strategic IT security issue, in order to mitigate the risk of data breaches and cyber-attacks and to protect an organization's brand, reputation and credibility. However, key management remains a challenge that can rapidly escalate as the use of encryption and other uses of cryptography expand. The report highlights how organizations are responding and shows a 25% increase in spending on key management solutions as a proportion of encryption budgets. Thales high assurance encryption and key management solutions help our customers address this challenge by reducing risk, supporting business continuity and demonstrating compliance enabling them to pursue their data protection goals with greater confidence."

Thales and the Ponemon Institute discuss the results of the new Global Encryption Trends Study, Wednesday, February 27, 2013 at "W" San Francisco Hotel 12noon - 1.30pm. Click here to register (this is a registration only event) or download the report here.

Visit Thales at booth #517, RSA Conference, Moscone Center, San Francisco, February 25-March 1, 2013.

See demonstrations of Thales keyAuthority in the OASIS KMIP interoperability showcase booth #3012.

For industry insight and view on the latest key management trends check out our blog at www.thales-esecurity.com/blog

Follow Thales e-Security on Twitter @Thalesesecurity, LinkedIn, Facebook and YouTube

About the Ponemon Institute
The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Thales e-Security
Thales e-Security is a leading global provider of data encryption and cyber security solutions to the financial services, high technology manufacturing, government and technology sectors. With a 40-year track record of protecting corporate and government information, Thales solutions are used by four of the five largest energy and aerospace companies, 22 NATO countries, and they secure more than 70 percent of worldwide payment transactions. Thales e-Security has offices in Australia, France, Hong Kong, Norway, United States and the United Kingdom. www.thales-esecurity.com

About Thales
Thales is a global technology leader for the defence & security and the aerospace & transport markets. In 2011 the company generated revenues of €13 billion with 67,000 employees in 56 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers and local partners. www.thalesgroup.com

Contact:
Dorothée Bonneil
Thales Media Relations - Security
+33 (0)1 57 77 90 89
[email protected]

Liz Harris
Thales e-Security Media Relations
+44 (0)1223 723612
[email protected]

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

@CloudExpo Stories
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, d...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
SYS-CON Events announced today that Akvelon will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Akvelon is a business and technology consulting firm that specializes in applying cutting-edge technology to problems in fields as diverse as mobile technology, sports technology, finance, and healthcare.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that Datera will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera offers a radically new approach to data management, where innovative software makes data infrastructure invisible, elastic and able to perform at the highest level. It eliminates hardware lock-in and gives IT organizations the choice to source x86 server nodes, with business model option...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
“Why didn’t testing catch this” must become “How did this make it to testing?” Traditional quality teams are the crutch and excuse keeping organizations from making the necessary investment in people, process, and technology to accelerate test automation. Just like societies that did not build waterways because the labor to keep carrying the water was so cheap, we have created disincentives to automate. In her session at @DevOpsSummit at 20th Cloud Expo, Anne Hungate, President of Daring System...
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...