Global Cloud Tipping Point: the 2020 Thales Data Threat Report-global Edition Shows Organizations Struggle With Security Post Digital Transformation
According to the 2020 Thales Data Threat Report – Global Edition with research and analysis by IDC, organizations reached a global cloud tipping point causing them to struggle with security challenges of digital transformation (DX). Today, half (50%) of all corporate data is stored in the cloud and nearly half (48%) of that data is considered sensitive. With multi-cloud usage becoming the new normal for companies, all respondents said at least some of the sensitive data stored in the cloud is not encrypted and 49% globally indicated that they have experienced a breach. In addition to DX and multi-cloud complexities, the global study shows that quantum computing has skyrocketed as a major concern with 72% of organizations claiming it will affect their security and cryptographic operations in the next five years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200224005433/en/
(Photo: Business Wire)
Thales will host a webinar, “The Global State of Data Security: Zero Trust in a Multi-Cloud World,” to discuss the global report in more detail on Thursday, March 5 at 11:00 a.m. ET. To join, please visit the registration page.
The rush for digital transformation and the security fallout
With input from 1,723 executives with responsibility for, or influence over, IT and data security around the world, this year’s threat report dove deeper into the specific security challenges resulting from the “DX Era.” The report revealed that the more digitally transformed, the more likely an organization is to be breached. While organizations pursing DX are capturing competitive advantages, the worldwide rush to implement disruptive technologies is creating new vulnerabilities resulting in data breaches and compliance audit failures. According to the report, 45% of organizations in the top two DX categories, Software as a Service (SaaS) and social media, experienced a breach in the past year.
Multi-cloud is the new normal, but a top barrier to data security
Companies are using multiple Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) environments, as well as hundreds of SaaS applications. Eighty-one percent are using more than one IaaS vendor (the U.S. figure is 86%), 81% have more than one PaaS vendor (the U.S. figure is 86%), and 11% have more than 100 SaaS applications to manage. As more data migrates to the cloud, security becomes more complex. Nearly 40% of respondents rate complexity as their top perceived barrier to implementing data security, down slightly from 44% last year.
Quantum computing is on the horizon
The global report draws new attention to the anticipated impact of quantum computing. Within the next five years, 72% of organizations believe quantum computing power will affect their data security operations while 27% see it as a threat within the next year, highlighting the need for organizations to improve their post-quantum encryption strength.
Not all industries are embracing digital transformation at the same rate
The 2020 Thales Data Threat Report-Global Edition also explores how government, financial services, healthcare, and retail sectors embrace digital transformation in varying degrees and the associated security challenges. Global federal government organizations view themselves as most advanced, with nearly half (49%) of government respondents as either aggressively disrupting the markets they participate in, or are embedding, digital capabilities that enable greater enterprise agility. Healthcare followed closely at 47%, retail at 45%, and financial services at 30%. Fifty- four percent of financial services respondents experienced a data breach or failed compliance audit this year, followed by government at 52%, retail at 49%, and healthcare at just 37%.
Key takeaways for improving data security
Data security is challenging, but across big data, IoT and containers, encryption is a key driver for adoption and usage. Based on this year’s findings, IDC recommends the following key strategies for security professionals:
- Invest in modern, hybrid and multi-cloud-based data security tools that make the shared responsibility model work.
- Consider a zero-trust model to secure data.
- Increase focus on data discovery solutions and centralization of key management to strengthen data security.
- Focus on the threat vectors within their control.
- Utilize encryption to remain vigilant against today’s data risk reality.
For more key findings and security best practices, download a copy of the 2020 Thales Data Threat Report – Global Edition.
“As organizations face expanding and more complex cybersecurity challenges because of multi-cloud adoption and digital transformation, they need smarter and better ways to approach data protection. Zero trust is a fantastic initiative to authenticate and validate the users and devices accessing applications and networks but does little to protect sensitive data should those measures fail. Employing robust data discovery, hardening, data loss prevention, and encryption solutions provide an appropriate foundation for data security, completing the objective of pervasive cyber protection.”
Frank Dickson, program vice president, cybersecurity products, IDC
“The Thales 2020 Data Threat Report-Global Edition clearly demonstrates that unprecedented amounts of sensitive data are being stored in multi-cloud environments by organizations all over the world. Having the right cloud security in place has never been more critical. As 5G networks are rolled out, IoT continues to expand and quantum computing creeps closer to becoming a reality, organizations must adopt a more modern data protection mindset. The first step towards protecting sensitive data is knowing where to find it. Once classified, this data should be encrypted and protected with a strong multi-cloud key management strategy.”
Tina Stewart, vice president of global market strategy for cloud protection and licensing activity at Thales
Industry insight and views on the latest data security trends can be found on the Thales blog at blog.thalesesecurity.com.
Thales (Euronext Paris: HO) is a global technology leader shaping the world of tomorrow today. The Group provides solutions, services and products to customers in the aeronautics, space, transport, digital identity and security, and defence markets. With 80,000 employees in 68 countries, Thales generated sales of €19 billion in 2018 (on a pro forma basis including Gemalto).
Thales is investing in particular in digital innovations — connectivity, Big Data, artificial intelligence and cybersecurity — technologies that support businesses, organisations and governments in their decisive moments.
Thales, Media Relations
+33 (0)6 07 34 00 34
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Nike Extends its Athletic Leadership5.2.2020 19:00:00 CET | Press release
Today, NIKE, Inc. (NYSE: NKE), unveiled breakthrough innovation for athletes competing in the Tokyo 2020 Games, including footwear designed to provide runners with a measurable performance benefit for a new era of competition. The NEXT% platform, introduced by barrier-breaking marathoner Eliud Kipchoge, will now expand into new disciplines following its unparalleled success in distance running. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200205005708/en/ An international group of athletes joined the Nike 2020 Forum in New York to unveil the brand's latest performance and sustainable innovations. From left to right: Ibtihaj Muhammad, English Gardner, Leticia Bufoni, Blake Leeper, Timothy Cheruiyot, Dina Asher-Smith, Tomoya Ochiai, Sky Brown, Chris Mosier, Nyjah Huston, DeAnna Price, Bebe Vio, Kevin Mayer, Megan Blunk, Brandi Chastain, Aaron Brown, Sophie Hahn, Aori Nishimura, Diana Taurasi, Miles Chamley-Watson, Leon Schae
Cepton Expands With $50 Million Investment From Koito5.2.2020 18:00:00 CET | Press release
Cepton Technologies, Inc., a leading provider of state-of-the-art, intelligent, lidar-based solutions, announced today that it has raised over $50 million in Series C funding. This brings Cepton’s total funding to nearly $100 million, providing a strong foundation to substantially ramp up its R&D efforts, expand its footprint in the automotive market and support major customers worldwide. The latest funding round was led by Koito Manufacturing Co., Ltd. (TYO:7276), the automotive Tier 1 and world-leading provider of automotive lighting systems, with an investment of $50 million. Existing investors in Cepton also participated in this round. As part of the transaction, Koito will obtain non-exclusive rights to manufacture and sell Cepton’s lidar sensor design for an automotive application, using key components supplied by Cepton. Cepton will use the proceeds to accelerate development and deployment of its advanced lidar technology in ADAS applications, in autonomous vehicle applications,
Imricor Announces First Cases Successfully Performed at Heart Center Dresden5.2.2020 17:40:00 CET | Press release
Imricor Medical Systems, Inc. (Company or Imricor) (ASX:IMR) is pleased to announce the first procedures using the Company’s products following CE mark of the Vision-MR Ablation Catheter have been performed at the Heart Center Dresden. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200205005672/en/ Drs. Christopher Piorkowski (left) and Thomas Gaspar (right) performing iCMR ablations at the Heart Center Dresden (Photo: Heart Center Dresden). Three procedures were successfully performed over two days by Dr. Christopher Piorkowski and Dr. Thomas Gaspar (https://www.herzzentrum-dresden.com/rhythmologie/unser-team/). Additional physicians at the Heart Center Dresden will also begin performing procedures immediately. These procedures mark the first iCMR ablations anywhere in the world to ever be performed outside of a clinical trial. They were performed in an iCMR lab fitted with a Siemens 1.5T MAGNETOM Aera MR scanner. “It’s ano
VALBIOTIS Announces a Global Strategic Partnership With NESTLÉ HEALTH SCIENCE For the Development and Commercialization of TOTUM-63, a Plant-derived Active Substance With Clinically Demonstrated Metabolic Health Benefits on Prediabetics5.2.2020 17:30:00 CET | Press release
Regulatory News: VALBIOTIS (Paris:ALVAL) (FR0013254851 – ALVAL / PEA/SME eligible ), a Research & Development company committed to scientific innovation for preventing and combating metabolic diseases, announces the signature of a global long-term strategic partnership with Nestlé Health Science for the development and commercialization of TOTUM-63, an innovative and patented combination of 5 plant extracts specifically designed to reduce the risk of developing Type 2 Diabetes on prediabetics. Sébastien PELTIER, CEO of VALBIOTIS states: “Nestlé Health Science is an ideal strategic partner for VALBIOTIS. Its global reach, strategic intent to develop science-based nutritional health solutions and focus on fighting metabolic disorders like diabetes will be instrumental to TOTUM-63's worldwide commercialization success. We are excited about the opportunity that this deal brings to VALBIOTIS and to the many millions of people around the world at risk of becoming Type 2 diabetics. This trans
Skilling lanserar branschens första sömlösa integration med Spotwares cTrader, inriktad på erfarna handlare.30.1.2020 08:00:00 CET | Press release
Forex- och CFD-handelsplattformen Skilling annonserade förra veckan lanseringen av branschens första sömlösa integration med Spotwares cTrader - en unik funktion som internt kallas Ett konto. Två plattformar. Detta pressmeddelande använder multimedia. Se den fullständiga versionen här: https://www.businesswire.com/news/home/20200130005070/sv/ Skilling lanserar branschens första sömlösa integration med Spotwares cTrader. (Photo: Business Wire) Funktionen gör att Skilling kan erbjuda sina kunder sömlös handel över två olika handelsplattformar på ett enda Skilling-konto utan att behöva finansiera och hantera två olika konton separat. ”Enkelt uttryckt ville vi ge våra kunder valet vilken handelsplattform de kan använda - vår egen Skilling Trader eller en mer avancerad klientorienterad cTrader. Problemet du har med andra mäklare som erbjuder flera plattformar är behovet av att finansiera två konton separat, upprätthålla sunda marginaler på två olika konton och också ha två uppsättningar av
inRiver utser Per-Olof Schroeder till ny VD29.1.2020 16:43:00 CET | Press release
inRiver, som levererar SaaS-baserade lösningar för Product Information Management (PIM), meddelar att styrelsen idag har utsett Per-Olof Schroeder till ny VD för bolaget. Per-Olof tillträder sin tjänst med omedelbar verkan. “Styrelsen tackar Thor Johnson för hans ledning av bolaget under de två senaste åren, och är glada över att välkomna Per-Olof som vår nye VD," säger inRivers styrelseordförande, Jorgen Smidt. "Per-Olof har en påvisad erfarenhet av att mycket framgångsrikt leda utveckling av SaaS Computing Services, molnbaserade tjänster, och samtidigt leverera stark tillväxt både gällande intäkter, lönsamhet och marknadsandelar. I sin roll som bolagets VD kommer han fortsätta att utveckla inRivers mission att hjälpa våra kunder bli bäst på att marknadsföra och sälja sina produkter." Schroeder har mer än 25 års erfarenhet av ledande befattningar inom IT-branchen, inklusive 15 år på Microsoft, varav sju år som chef över Microsofts Productivity & Business Process Business Group i väste
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom