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Application Security

3/28/2019
02:20 PM
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Enterprise Data Encryption Hits All-time High

A new report by the Ponemon Institute shows 45% of organizations have a comprehensive encryption policy in place.

More organizations are encrypting their data, according to a new study. The 2019 Global Encryption Trends Study just released by the Ponemon Institute found that use of encryption among enterprises has reached an all-time high.

While crime novels and mainstream news stories tend to focus on the dangers of hackers, the survey reports that IT executives fear sensitive data threats from employee errors (54% report this as their primary concern) more than fear external hackers (30%) and malicious insiders (21%) combined.

Organizations are responding to this worry by implementing enterprise encryption policies, with 45% of companies reporting that they have a comprehensive encryption policy in place. And the biggest challenge these companies face in implementing their encryption policy? Discovery, or just knowing what data exists that needs to be protected, is listed as the main challenge for 69% of those responding.

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Ritu_G
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Ritu_G,
User Rank: Moderator
4/11/2019 | 10:55:27 PM
It's the people's prerogative
You know what the scariest thing about hackers is not quite the company data, but the data of its customers. Losing some internal information can be easily rectified with little to no ramifications, but once people are  aware that their private details have been ripped off and tossed around, then you're REALLY in trouble!
RyanSepe
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RyanSepe,
User Rank: Ninja
3/28/2019 | 3:40:36 PM
Security Department Catch All
Its great that data encryption is at an all-time high. And as long as best practice encryption methods are upheld this is a viable option when securing data. Facets such as key rotation and bit elevation once technological abilities increase need to be observed. Unfortunately, I feel many organizations use encryption as a catch all justification. "The device was lost... it's ok it was encrypted". Definitely a great step in the right direction, but also no reason to rest on our laurels. 
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