Home Hot TopicsSecurity IT pros are more concerned with corporate security than home security

IT pros are more concerned with corporate security than home security

by CIO AXIS

IT professionals are 3X more concerned about the security of company financials and intellectual property than their home security, according to the third-annual Oracle and KPMG Cloud Threat Report 2020.

Based on a poll of 750 cybersecurity and IT professionals across the globe, the study found that a patchwork approach to data security, misconfigured services and confusion around new cloud security models has created a crisis of confidence.

IT professionals have concerns about cloud service providers. 80 percent are concerned that cloud service providers they do business with will become competitors in their core markets. 75 percent of IT professionals view the public cloud as more secure than their own data centers, yet 92 percent of IT professionals do not trust their organization is well prepared to secure public cloud services. Nearly 80 percent of IT professionals say that recent data breaches experienced by other businesses have increased their organization’s focus on securing data moving forward.

IT professionals are using a patchwork of different cybersecurity products to try and address data security concerns, but face an uphill battle as these systems are often not configured correctly. 78 percent of organizations use more than 50 discrete cybersecurity products to address security issues; 37 percent use more than 100 cybersecurity products.

Organizations who discovered misconfigured cloud services experienced 10 or more data loss incidents in the last year.59 percent of organizations shared that employees with privileged cloud accounts have had those credentials compromised by a spear phishing attack.

Shared responsibility
Organizations are moving more business-critical workloads to the cloud than ever before, but growing cloud consumption has created new blind spots as IT teams and cloud service providers work to understand their individual responsibilities in securing data. This confusion has left IT security teams scrambling to address a growing threat landscape.

Only 8 percent of IT security executives state that they fully understand the shared responsibility security model. 70 percent of IT professionals think too many specialized tools are required to secure their public cloud footprint and 75 percent of IT professionals have experienced data loss from a cloud service more than once.

To address increasing data security concerns and trust issues, cloud service providers and IT teams need to work together to build a security-first culture. This includes hiring, training, and retaining skilled IT security professionals, and constantly improving processes and technologies to help mitigate threats in an increasingly expanding digital world.

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