PALO ALTO, Calif., Jan. 15, 2019 (GLOBE NEWSWIRE) -- Vera, a leading next-generation data security company today announced its latest research report “The State of Enterprise Encryption and How to Improve It” revealing the challenges organizations face achieving data protection performance and returns on their deployed encryption technology. The report reveals stark numbers behind the mounting toll of data breaches triggered by cybercrime and accidents. One of the most recognized and mandated security controls, installed encryption tools protect just four percent of breached files. Meanwhile, the report reveals that compliance-focused mindsets and perimeter-driven encryption deployments keep organizations’ encryption investments fundamentally misaligned with how employees and business partners use crown jewel data.
In partnership with UBM, Vera surveyed cybersecurity and IT decision-makers at North American organizations across healthcare, finance, government and other industries to understand how enterprises value and use encryption and access control technologies. Sixty-one percent of respondents believe compliance drives the need for encryption, not users’ data protection, heightening the disconnect between encryption and security. Conversely, in order to ensure the security of files that are distributed or shared, 41 percent of companies resort to banning the use of file-sharing sites, hindering productivity and collaboration.
“Our report confirms what security, privacy and risk professionals are realizing - the speed and scale of how data moves across fluid organizations and their partners today is the biggest factor upending data protection,” said Carlos Delatorre, Chief Executive Officer at Vera. “In the current post-cloud, collaborative environment, organizations must secure and protect data throughout its entire lifecycle. Always-on file security enables them to do that seamlessly, effectively while remaining compliant with regulations. The news is not all bad – organizations reorienting operations around more collaborative cloud and mobile fabrics are at a crossroads where they can capitalize on these changes to seamlessly add far more effective visibility and access controls.”
Highlights from Vera’s report include:
Vera’s Recommendations for IT and Security Teams:
Supporting Resources
Read the Research: The State of Encryption
Follow Vera on Twitter @VeraSecurity
Follow Vera on LinkedIn
Meet with Vera at RSA Conference 2019
About Vera
Vera is a next-generation data security company enabling businesses of all sizes to secure, track and share any kind of data, no matter where it’s stored or located. With robust policy enforcement, strong encryption, and strict access controls, Vera’s data-centric security solution enables employees to collaborate freely while ensuring the highest levels of security, visibility, and control. For more information, visit www.vera.com
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