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Thursday, April 16, 2015

Gemalto 2015 Data confidence index shows increase investment



 
 

World leader in digital security, Gemalto, has released the latest findings of the 2015 Data Security Confidence Index (DSCI). In a report released to ITRealms, the findings reveals a widening gap emerging between the perception and the reality of perimeter security effectiveness amongst global IT decision makers, which shows increasing levels of investment in the area of data protection, despite an exponential growth in the number of data breaches, ITRealms reports.

The study was based on research conducted by Vanson Bourne on behalf of Gemalto, ITRealms learnt, queried more than 1,000 security and IT executives in the United States, United Kingdom, Europe, Middle East and Asia-Pacific with survey respondent executives from a variety of industries including financial services, healthcare, manufacturing, public sector, telecommunications, utilities, retail, construction, insurance, legal and others.

ITRealms gathered that more than 1,500 data breaches led to one billion data records compromised in 2014 alone, a 49% increase in data breaches and a 78% increase in data records stolen or lost compared to 2013 according to Gemalto’s Breach Level Index (BLI).

Despite this the DSCI research ITRealms learnt, shows that almost nine out of ten (87%) IT decision makers feel their organization’s perimeter security systems are effective at keeping out unauthorized users.

The study as gathered by ITRealms, shows that IT decision makers are looking to further increase their investment in perimeter security with 64% looking to do so in the next 12 months, as this would close the recent breaches in the average amount of data protected by encryption from below 8%, highlighting the need for a more robust data protection strategy.

According to Vice president; Strategy for Identity and Data Protection at Gemalto, Mr. Tsion Gonen, “With the number of sophisticated breaches on the rise, relying on perimeter security systems alone is no longer enough. Traditional security staples such as firewalls and anti-virus should be part of a much greater security strategy. IT decision makers need to take into account that if someone is motivated enough they will breach a network, no matter how well it is protected,” he said.

ITRealms gathered that in conducting the research, Gemalto was aiming to find out not only the level of confidence among organizations with regard to information security, but also whether their security strategies were actually in sync with their data protection needs and the threats and vulnerabilities that are predominant today.

Daniel Nsolibe/GEE

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