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Businesses Fail to Protect their Critical Data

April 19th, 2006

A survey by leading IT analyst firm, the Enterprise Strategy Group (ESG), has found that businesses need to do a better job of protecting their critical data. According to the survey of 227 security professionals, titled “Protecting Confidential Data”, 47% said that more than half of their company´s data can be classified as ´confidential´.

Alarmingly, only 18% of respondents said that this data is adequately protected. In addition, only 23% of respondents believe that their current security technologies can completely enforce their data security policies.

“Businesses clearly realize that they need to take additional steps to protect their data and consequently security budgets are shifting to reflect this. Driven by concerns over regulatory compliance, risk management and a growing need to open up business applications to people outside the firewall, organizations are starting to deploy encryption more widely,” said Jon Oltsik, senior analyst at Enterprise Strategy Group.

Further discussing the survey Oltsik continued, “Most organizations already use SSL and VPNs to protect data while in transit, but only a third of companies have deployed encryption for protecting data at rest, while another 40 percent are interested in deployment or have firm plans to do so in the next 12 months. However, there are a number of perceived barriers to the use of encryption, which include: worries about cost and the performance implications and concerns about key management and disaster recovery. Our survey highlights the pent-up demand for encryption and therefore the market opportunity for vendors that can successfully address these deployment issues.”

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