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Data Security Gaps Thwart 73% of Business Initiatives

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secuby Angela Guess

Tara Seals reports in Infosecurity Magazine, “Information and analytics make up the new face of innovation for corporates—who hasn’t heard the term ‘Big Data,’ after all. But IT security challenges are getting in the way of executing the vision of dynamic, usable, instantly accessible data frameworks, with three-quarters (73%) of organizations reporting that their business initiatives have been thwarted by data security gaps. According to a survey from Dataguise, ‘Strategies for Securing Sensitive Data,’ companies are inexorably transitioning toward big data frameworks, including cloud-based environments such as Microsoft Azure HDInsight. In fact, 28% of respondents report more than a year of experience with these big data repositories, and another 38% say they’re in various stages of adoption. Yet, they’re finding that data security challenges often have a negative impact on their efforts; that 73% said that data security concerns have been so worrisome that in many cases they’ve terminated their projects until further notice.”

Seals goes on, “Even with multiple layers of security in place, less than half of all respondents did not believe that their data was secure, with only 47% of respondents confident that their sensitive data throughout their organization was safe. Pulling back the kimono a bit, the survey revealed that the companies use multiple security solutions to protect sensitive data, with 82% using network monitoring, 80% leveraging data encryption, 79% implementing access controls, 69% installing perimeter controls, 63% using volume and file encryption and 43% implementing data masking.”

Read more here.

Photo credit: Flickr/ reynermedia

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