Pay as You Grow: A Modern Way to Buy and Use Data Security
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A survey conducted by Vanson Bourne in March 2021 has left us stunned -- holding onto our seats and demanding for more.
100 IT decision makers across the UK from large enterprises (1,000+ employees) and various sectors (financial services, IT, manufacturing, business and professional services) were surveyed about their challenges to securing data.
The results are devastating, yet not surprising.
According to the survey, nearly half of organizations in the UK have reported to the ICO for a data breach (43%) since GDPR became effective in 2018. This number is shocking given how data breaches have increased at an unprecedented rate despite the number of security solutions companies have available. Worst yet, the realization that millions of dollars are spent on solutions that don’t truly secure data.
Findings from the survey revealed that respondents had difficulties in the following:
- adequately identifying or locating data (33%),
- understanding data obligations (31%) and
- adequately securing data (25%).
This raises major security and data compliance concerns, and shows how unprepared organizations are in managing and responding to risks, especially in the face of cloud-first environments where data sprawl is ever increasing and a security perimeter doesn’t exist. How can companies protect what they don’t see? Even more, how can they protect what they do see, if they lack the proper understanding and training of what guidelines should apply to sensitive data?
More shocking results from the survey showed that:
- 39% of IT leaders admitted they cannot be certain that their data is adequately secured,
- 18% said they don’t have a good understanding of which datasets need to be encrypted,
- and 15% have no control over where company data goes and where it is stored.
Companies have a responsibility to understand and protect the data they collect, process and store. Yet, there’s a huge gap in the state of data security. It’s never been more critical for companies to identify where their sensitive data is located and who has access to it. Without this, data breaches will continue to rise and the stakes will become higher each time.
Data breaches can be prevented by fingerprinting your “data’s lifecycle, from collection to deletion.” Find out how you can secure your data lifecycle with Dasera.
Visit our Use Cases page to learn more about the gaps in cloud security we address.
