According to research results soon to be released by The Ponemon Institute and sponsored by Informatica, 60% of global businesses are not confident they have the ability to proactively respond to cloud-based data threats.
The “State of Data Security Intelligence” report from the Ponemon Institute, surveyed CIOs and IT security professionals around the World and found 65% of respondents said not knowing the location of sensitive or confidential data keeps them up at night, and is more of a fear than hackers (25%) or employee mistakes (18%). And for many the fear of data being exposed was also a reality, with 55% reporting they had a data breach in the last 12 months.
The research also revealed 34% of an organisation’s sensitive and confidential information in the cloud is considered to be at risk. In contrast, on average 24% of an organisation’s sensitive and confidential information on-premise is considered to be at risk
Although those figures maybe larger as the report also found that businesses are much worse at tracking how much confidential and sensitive data is at risk in the cloud. Respondents estimate that they cannot assess risk for more than half (54%) of all data stored in the cloud. This is compared to 30% for information on premise.
The survey also found a depressingly small number of businesses were prepared for new threats with just 19% of global respondents acknowledging their business had a common process for implementing new controls and preventative measures in the presence of a new threat.