2016 Thales Encryption Study finds organizations are actively planning widespread deployment of encryption due to increased risks and privacy compliance

Feb 29, 2016, 08:36 ET from Thales

SAN FRANCISCO, and PLANTATION, Fla., Feb. 29, 2016 /PRNewswire/ -- RSA Conference 2016Thales, leader in information systems and communications security, announces the publication of its latest 2016 Global Encryption Trends Study. The report, based on independent research by the Ponemon Institute and sponsored by Thales and Vormetric Data Security, reveals that the use of encryption continues to grow in response to cyber-attacks, privacy compliance regulations and consumer concerns and highlights that the majority of organizations plan to transfer sensitive data to the cloud within the next two years.

The global encryption study is in its 11th year and shows how organizations around the world are dealing with increased vulnerabilities and implementation of encryption to protect their most sensitive data. We surveyed more than 5000 business and IT managers in the US, UK, Germany, France, Australia, Japan, Brazil, the Russian Federation, Mexico, India, and for the first time this year Saudi Arabia and United Arab Emirates, examining global encryption trends and regional differences in encryption usage.

Peter Galvin, vice president strategy at Thales e-Security, says:
"As businesses increasingly turn to cloud services, we're seeing a rapid rise in sensitive or confidential data being transferred to the cloud and yet only a third of respondents had an overall, consistently applied encryption strategy. Encryption is now widely accepted as best-practice for protecting data, and a good encryption strategy depends on well-implemented encryption and proper key management. Thales hardware security modules (HSMs) have provided reliable high-assurance key management for decades, and this year's study underscores their importance in securing a wide range of critical applications."

Critical findings continue to demonstrate the adoption of encryption solutions to reduce risk, increase organizational security posture and meet data compliance regulations.  

News facts:

  • More than half of respondents (56%) are transferring sensitive or confidential data to the cloud – and this will rise to a total of 84% in the next two years
  • Support for both cloud and on-premise deployment was rated the most important consideration when deploying encryption solutions
  • Employee and HR data is the most commonly encrypted data – higher even than payment data, intellectual property or financial records – indicating a higher sensitivity to protecting personal information
  • The number one perceived threat to data exposure is employee mistakes, followed by system or application malfunction rather than external attack or malicious insiders

Dr. Larry Ponemon, chairman and founder of The Ponemon Institute, says:
"Mega breaches and cyberattacks have increased companies' urgency to improve their security posture, and encryption usage continues to be a clear indicator of a strong security posture. The findings of this year's study demonstrate the importance of both encryption and key management across a wide range of core enterprise applications – from networking, databases and application level encryption to PKI, payments, public and private cloud computing and more."

Download your copy of the new 2016 Global Encryption Trends Study.

Visit Thales at booth #S1107 South Expo, RSA Conference, Moscone Center, San Francisco, February 29–March 4, 2016

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

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

About Thales e-Security
Thales e-Security is a leading global provider of digital trust management and data protection solutions that protect the world's most sensitive applications and information. Thales solutions address identity and privacy related challenges with hardware and software-based encryption, digital signature, and management capabilities.  In today's increasingly connected world, our solutions help thwart today's targeted attacks and reduce the risk of sensitive data exposure introduced by cloud computing and virtualization, consumer devices in the workplace, increased mobility, big data, and more.  Thales e-Security has a worldwide support capability, with regional headquarters in the United States, United Kingdom, and Hong Kong. www.thales-esecurity.com    

About Thales
Thales is a global technology leader for the Aerospace, Transport, Defence and Security markets. With 62,000 employees in 56 countries, Thales reported sales of €14 billion in 2015. With over 22,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its exceptional international footprint allows it to work closely with its customers all over the world.

Positioned as a value-added systems integrator, equipment supplier and service provider, Thales is one of Europe's leading players in the security market. The Group's security teams work with government agencies, local authorities and enterprise customers to develop and deploy integrated, resilient solutions to protect citizens, sensitive data and critical infrastructure.

Drawing on its strong cryptographic capabilities, Thales is one of the world leaders in cybersecurity products and solutions for critical state and military infrastructures, satellite networks and industrial and financial companies. With a presence throughout the entire security chain, Thales offers a comprehensive range of services and solutions ranging from security consulting, intrusion detection and architecture design to system certification, development and through-life management of products and services, and security supervision with Security Operation Centres in France, the United Kingdom and The Netherlands.

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