86% of EU businesses feel vulnerable to data threats -TEISS® : Cracking Cyber Security

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86% of EU businesses feel vulnerable to data threats

The Thales Europe Data Threat Report 2019 has been released and reveals that over 84% of organisations in Europe use or plan to use digitally transformative technologies, but only a little more than half (55%) claim these deployments are very or extremely secure.

Other findings include:

  • 86% of European businesses think they are vulnerable to data threats
  • Almost a third (29%) of European enterprises surveyed were breached last year
  • Across Europe, more than 84% of organisations are using or planning to use digitally transformative technologies including cloud, big data, mobile payments, social media, containers, blockchain and Internet of Things (IoT). Sensitive data is highly exposed in these environments: in the UK, almost all (97%) of these organisations state they are using this type of data with digital transformation technologies.

Multi-cloud security remains top challenge

The most common use of sensitive data within digital transformation is in the cloud. Across Europe, 90% of organisations are using, or will use, all cloud environments this year (Software as a Service, Platform as a Service and Infrastructure as a Service). These deployments do not come without concerns, however. The top three security issues for organisations using cloud were ranked as:

  • 38% - security of data if cloud provider is acquired/fails;
  • 37% - lack of visibility into security practices; and,
  • 36% - vulnerabilities from shared infrastructure and security breaches/attacks at the cloud provider.

Compliance is not a security priority

Despite more than 100 new data privacy regulations, including GDPR, affecting almost all (91%) organisations across Europe, compliance is only seen as a top priority for security spend in the UK by 40% of businesses.

Interestingly, 20% of UK businesses failed a compliance audit in the last year because of data security issues. When it comes to meeting data privacy regulations, the top two methods named by respondents working to meet strict regulations are encrypting personal data (47%) and tokenising personal data (23%).

“Clearly there is a significant shift to digital transformation technologies and the issues around data held within these cannot be taken lightly,” said Frank Dickson, program vice president for security products research, IDC.

“Data privacy regulations have been hot on the agenda over the past 18 months, with so many coming into force. Organisations are now finding themselves considering the cost of becoming compliant against the risk of potential breaches and the subsequent fines.”

The full report can be read here: Thales Europe Data Threat Report 2019 with research and analysis from IDC.

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