Confidence in the Cloud Keeps Growing

 
 
By Gina Roos  |  Posted 2016-02-05 Email
 
 
 
 
 
 
 
 
 
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    1 - Confidence in the Cloud Keeps Growing
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    Confidence in the Cloud Keeps Growing

    A new survey reveals some of the trends changing the role of IT as more businesses move to the cloud and what organizations are doing to reduce security risks.
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    2 - Rising Confidence in the Cloud
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    Rising Confidence in the Cloud

    64.9% of IT leaders think of the cloud as secure or more secure than on-premises software.
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    3 - Cloud On-Boarding
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    Cloud On-Boarding

    71.2% of companies have a formal process for users to request new cloud services. Yet 65.5% of them said they only partially follow it.
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    4 - Data Loss Worries
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    Data Loss Worries

    26.3% of companies are very concerned about data loss as systems of record move to the cloud. Another 32.2% of companies are somewhat concerned about data loss.
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    5 - Who's in Charge?
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    Who's in Charge?

    65.7% of organizations concerned about a data loss have a CISO while 50% of companies that aren't concerned about data loss have a CISO.
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    6 - Moving to the Cloud
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    Moving to the Cloud

    CRM is the most widely used cloud-based system (36.3%), followed by IT service management (31%) and human resources management (24.4%).
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    7 - Time to Evaluate
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    Time to Evaluate

    On average, it takes an IT security team 17.7 days to evaluate the security of a cloud provider. But 55.5% of companies make a decision without a security evaluation because they already have a comparable solution in place—the biggest reason to reject a request (55.1%).
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    8 - Other Reasons for Rejection
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    Other Reasons for Rejection

    The next most common reason for rejecting a cloud service request is that the provider is not trusted (53.6%), followed by a lack of encryption (45.8%) and a lack of data loss prevention (43.9%).
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    9 - More Support
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    More Support

    71.3% said their companies have plans to offer more cloud support to the lines of business.
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    10 - Biggest Benefits
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    Biggest Benefits

    The biggest benefits of moving to cloud-based options vs. legacy solutions include lower up-front or ongoing costs (71.8%), faster implementation (69.2%) and a better user experience (49.4%).
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    11 - Adoption Barriers
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    Adoption Barriers

    The biggest obstacles to cloud adoption are the ability to enforce corporate security policies (67.8%), regulatory requirement compliance (61.2%) and budget constraints (31.6%).
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    12 - Data Loss Prevention
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    Data Loss Prevention

    The biggest barrier to having programs to stop data loss in the cloud is the lack of skilled security professionals (30.7%), lack of an internal strategy for operationalizing threat intelligence data (26.5%) and no budget to acquire new technologies that detect cloud breaches (22.9%).
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    13 - Incident Planning
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    Incident Planning

    82.2% of companies have some form of incident-response plan; 53.8% of those with a CISO have a complete incident-response plan, and 29.2% with a CISO have cyber-insurance.
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    14 - Paying Ransom
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    Paying Ransom

    24.6% of companies would be willing to pay ransom to hackers to prevent a cyber-attack and 14% would pay more than $1 million.
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    15 - Centralizing Control
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    Centralizing Control

    63.9% of respondents have heard of cloud access security brokers (CASB), but only 41.8% of them know what it means.
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    16 - Capabilities Needed
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    Capabilities Needed

    The biggest cloud security capabilities needed include access control (87.3%), followed by encryption (83.4%), data loss prevention 73.9%, compromised account detection (57.2%) and insider threat detection (56.1%).
 

Moving to cloud-based services doesn't mean increased security risks and threats if the right policies are in place, concludes a new survey from Cloud Security Alliance (CSA), sponsored by Skyhigh Networks. "The Cloud Balancing Act for IT" survey report indicates that IT and security professionals across the globe are growing more confident in their cloud security measures and are moving more systems of record to the cloud. This translates into a change in the role of IT and its relationship with line of businesses, said CSA. Chief information security officers (CISOs) play an important role in security, added CSA, with 60.8 percent of the companies surveyed having a CISO in place. The survey of more than 200 IT and security professionals also reveals that they receive, on average, about 10.6 requests monthly for new cloud services, which has driven the majority of them to put a formal process in place for users to request new cloud services. The survey reveals some of the trends changing the role of IT as more businesses move to the cloud and what organizations are doing to minimize security risks.

 
 
 
 
 
 
 
 
 
 
 
 

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