- 40% of global respondents reveal they dealt with a cloud breach
in the last year
- Only 17% of businesses are encrypting at least half of the
sensitive data they store in the cloud
- Only 34% of organisations retain total control of encryption
keys
The 2021 Thales Global Cloud Security Study,
commissioned by Thales and conducted by 451 Research, part of
S&P Global Market Intelligence, reports that 40% of
organisations have experienced a cloud-based data breach in the
past 12 months. Despite increasing cyber-attacks targeting data
in the cloud, the vast majority (83%) of businesses are still
failing to encrypt half of the sensitive data they store in the
cloud, raising even greater concerns as to the impact cyber
criminals can have.
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Pandemic has accelerated cloud transformation
Cloud adoption is on the rise and businesses are continuing to
diversify the way they use cloud solutions. Globally, 57% of
respondents reported they make use of two or more cloud
infrastructure providers, whilst almost a quarter (24%) of
organisations flagged that the majority of their workloads and data
now reside in the cloud. In fact, according to a recent study by
McKinsey & Company, companies globally have accelerated their
cloud adoption by three years compared to pre-pandemic adoption
rates. This marks a significant shift in the use of cloud-based
solutions, from being purely data storage solutions, to
environments in which data is used transactionally and supports
day-to-day business operations.
Security in the cloud is mixed
According to the study, one fifth (21%) of businesses host the
majority of their sensitive data in the cloud, while 40% reported a
breach in the last year. There are some common trends as to where
companies turn when considering how to secure their cloud
infrastructure, with 33% reporting multi-factor authentication
(MFA) as being a central part of their cybersecurity strategy.
However, only 17% of those surveyed have encrypted more than half
of the data they store in the cloud. This figure drops to 15% where
organisations have adopted a multicloud approach.
Even where businesses protect their data with encryption, 34% of
organisations leave the control of keys to service providers rather
than retaining control themselves. Where large numbers of
organisations fail to protect their data sufficiently with
encryption, limiting potential access points becomes even more
critical. However, nearly half (48%) of business leaders globally
admitted their organisation does not have a Zero Trust strategy,
and a quarter (25%) aren’t even considering one.
Complexity as a concern
Businesses share common concerns about the increasing complexity
of cloud services. Almost half (46%) of global respondents claimed
managing privacy and data protection in the cloud is more complex
than on-premises solutions.
Hybrid models are common with many organisations not moving
entirely to the cloud. 55% of businesses have indicated a
preference for a ‘lift & shift’ approach to cloud adoption over
re-architecting, as cloud becomes a more integrated part of the
business infrastructure.
Sebastien Cano, Senior Vice President for Cloud Protection
and Licensing activities at Thales comments: “Organisations
across the world are struggling to navigate the increased
complexity that comes with greater adoption of cloud-based
solutions. A robust security strategy is essential to ensuring data
and business operations remain secure. With nearly every business
reliant on the cloud to some extent, it is vital that security
teams have the ability to discover, protect, and maintain control
of their data.”
Fernando Montenegro Principal Research Analyst, Information
Security at 451 Research, part of S&P Global Market
Intelligence added from the 2021 Thales Global Cloud Security
Study: “Protecting customer data is always the priority, and
organisations should strongly consider reviewing their strategies
and approaches to proactively protect data in cloud. This includes
understanding the role of specific technologies including
encryption and key management, as well as the shared
responsibilities between providers and their customers. As data
privacy and sovereignty regulations grow, it will be paramount that
organisations have a clear understanding of how they remain
responsible for data security and make clear decisions about who is
in control and who can access their sensitive data.”
Thales and 451 Research will discuss the global findings in more
detail during its upcoming Cloud Security Summit on 17 November
2021. To join, please visit the registration page.
About the 2021 Thales Global Cloud Security Study
The 2021 Thales Cloud Security Study was commissioned by Thales
and conducted by 451 Research, part of S&P Global Market
Intelligence and includes the viewpoints from more than 2,600
executives with responsibility for or influence over IT and data
security. Respondents were from 16 countries/regions: Australia,
Brazil, France, Germany, Hong Kong, India, Japan, Mexico,
Netherlands, New Zealand, Singapore, South Korea, Sweden, the
United Arab Emirates, the United Kingdom, and the United States.
Organisations represented a range of industries, with a primary
emphasis on healthcare, financial services, retail, technology, and
federal government. Job titles ranged from C-level executives
including CEO, CFO, Chief Data Officer, CISO, Chief Data Scientist,
and Chief Risk Officer, to SVP/VP, IT Administrator, Security
Analyst, Security Engineer, and Systems Administrator. Respondents
represented a broad range of organizational sizes, with the
majority ranging from 500 to 10,000 employees. The survey was
conducted in January - February 2021.
About Thales
Thales (Euronext Paris: HO) is a global leader in advanced
technologies, investing in digital and “deep tech” innovations –
connectivity, big data, artificial intelligence, cybersecurity and
quantum computing – to build a confident future crucial for the
development of our societies. The Group provides its customers –
businesses, organisations and governments – in the defense,
aeronautics, space, transport, and digital identity and security
domains with solutions, services and products that help them fulfil
their critical role, consideration for the individual being the
driving force behind all decisions.
Thales has 81,000 employees in 68 countries. In 2020 the Group
generated sales of €17 billion.
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PRESS CONTACT
Thales, Media Relations Security Constance Arnoux
+33 (0)6 44 12 16 35 constance.arnoux@thalesgroup.com
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