The Ponemon Institute recently released its annual report on encryption trends. The findings showed that data protection and privacy regulations are increasingly important in driving encryption adoption, more so now than the fear of a big data breach, and will continue to be a motivator for channel partners interested in selling encryption technologies to their customers. Ponemon polled close to 1,000 IT and business executives in the U.S. across 15 different sectors. The survey was conducted on behalf of Symantec's PGP division.
of
69 percent of respondents said regulatory compliance was one of their main reasons for using encryption, up five points over 2009 and 25 points from 2006
The regulations with the most impact to drive encryption efforts were state privacy laws such as those in California and Massachusetts, PCI mandates and HIPAA regulations.
The influence of PCI requirements has increased the most over the past four years, rising 49 points from 15 percent in 2007 to 64 percent this year.
63 percent of organizations reported that mitigating data breaches was also a big driver, but that number decreased by four points over the last year and eight points since 2008.
In the past 12 months 88 percent of organizations report that they have had at least one data breach, up by three points since last year.
38 percent of organizations believe encrypting data boosts business partner and customer confidence in organizations’ privacy or data security commitments.
93 percent of respondents said that data protection is either a very important or important part of their risk management efforts.
90 percent of organizations have completed at least one encryption project.
However, among other data protection options, encryption ranked fifth in implementation. Other higher ranking projects: •Data classification (96 percent),Identity and access management systems (92 percent),•Endpoint-based data leak detection and prevention (92 percent),•Network-based data leak detection and prevention (91 percent).
59 percent of this year’s respondents spent only between 5 and 20 percent of their IT budgets on data protection activities.
37 percent of respondents spend less than 5 percent of their IT budgets on encryption solutions.
34 percent spend between 5 percent and 20 percent.
Intel Technology Provider Program
Intel Technology Provider Program (ITP) helps resellers better understand Intel products which power the technology they sell, and enables value-add services such as remote manageability or anti-theft tracking. Learn More
WindowsForDevices.com
WindowsForDevices.com is the comprehensive news site covering Windows embedded technologies. Visitors get news, technical white papers, opinion columns and extensive directories covering the products and companies in the marketplace. Click Here
10 Key Ingredients That Have Made Apple So Successful
10 Reasons RIM`s New CEO Won`t Fix the Company
Eight IT Jobs Skills That Win Six-Figure Salaries
Social Media Best Practices to Land that Dream Job
Channel Executives On The Move: 2012
Why SOPA Is Such A Big Issue
See All Slideshows
