CipherCloud Research: Infosecurity Europe Attendees Forge forward with Cloud Adoption

SAN JOSE, Calif., May 15, 2014 /PRNewswire/ -- CipherCloud, the leader in cloud information protection, today announced the results of a cloud health check study. With the one year anniversary of the PRISM revelations approaching, CipherCloud gauged the attitudes and insights of attendees at the Infosecurity Europe 2014 conference. In light of EU regulatory discussions around stricter data privacy and cloud balkanization, the biggest security show in the region provided insight into European enterprises' cloud adoption plans and concerns.

The research examined respondents' attitudes towards the effect of industry developments, such as third party surveillance and data breaches, as well as the protection technologies in use at the respondents' organizations. Most notably, the responses highlighted enthusiasm to continue cloud projects, despite the risks and the web of data privacy regulations. This may be explained by the strong confidence that the majority of respondents placed in the ability of cloud data security and visibility solutions to protect enterprise data from unauthorized access.

Top Line Findings:

• Cloud Adoption – 11 percent of respondents indicated that Heartbleed, data breaches and PRISM revelations have significantly altered their cloud adoption plans, while a full 56 percent said that these issues had little impact on their plans.
• Cloud Application Visibility – Only 15 percent expressed a high level of confidence in their organizations' level of visibility into all the cloud applications in use by their employees.
• Data Control – 43 percent of respondents reported no enterprise visibility or control into whether employees were putting sensitive data into the cloud, while 28 percent expressed strong confidence in their data control capabilities.
• Data Protection – 64 percent said that protecting their cloud data was very important. Interestingly, 7 percent still consider data protection an after-thought.
• Encryption – More than 55 percent responded that they see high value in encrypting their cloud data to protect it from potential data breaches and or third party surveillance.

"Security and privacy risks have followed sensitive data into the cloud, making cloud information protection a new imperative for enterprises," said Bob West, Chief Trust Officer at CipherCloud. "It is no longer practical to leave sensitive data unprotected. The smart recourse is proactive defense with strong encryption as the fail-safe to protect information in the scenario of a data breach."

About CipherCloud

CipherCloud, the leader in cloud information protection, enables organizations to accelerate their adoption of cloud applications while ensuring visibility and control of their data. CipherCloud delivers data privacy, regulatory compliance, and data residency in the Cloud through an open platform that provides comprehensive cloud application and data discovery, protection – strong encryption, tokenization, data loss prevention, key management and malware detection – and activity and anomaly monitoring services.

CipherCloud has experienced exceptional growth and success with over 2.6 million business users, across 25 countries, and in more than 11 industries.

The CipherCloud product portfolio protects popular cloud applications out-of-the-box such as Salesforce, Box, and Microsoft Office 365.

CipherCloud, named as SC Magazine's 2013 Best Product of the Year, is backed by premier venture capital firms Andreessen Horowitz, Index Ventures, and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.

CipherCloud Contact:
Lise Feng
Director of Corporate Communications
408-520-4937
[email protected]

Logo - http://photos.prnewswire.com/prnh/20130603/SF24948LOGO

SOURCE CipherCloud, Inc.