IT Pros More Worried About Corporate Security Than Home Security: New Study

IT professionals are 3X more concerned about the security of company financials and intellectual property than their home securitySeventy-eight percent of organisations use more than 50 discrete cybersecurity products to address security issues; 37 percent use more than 100 cybersecurity products Organisations that discovered misconfigured cloud services experienced 10 or more data loss incidents in the last yearOnly 8 percent of IT security executives state that they fully understand the cloud shared responsibility security modelEighty-seven percent of IT professionals see AI/ML capabilities as a “must-have” for new security purchases

Data security is creating fear and trust issues for IT professionals, according to the third-annual Oracle and KPMG Cloud Threat Report 2020.

The study of 750 cybersecurity and IT professionals across the globe found that a patchwork approach to data security, misconfigured services and confusion around new cloud security models has created a crisis of confidence that will only be fixed by organizations making security part of the culture of their business.

Data security keeping IT professionals awake at night

Demonstrating the fear and trust issues experienced by IT professionals, the study found that IT professionals are more concerned about the security of their company’s data than the security of their own home.

IT professionals are 3X more concerned about the security of company financials and intellectual property than their home security.

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.

Seventy-five percent of IT professionals view the public cloud as more secure than their own data centres. Yet, 92 percent of IT professionals do not trust their organisation 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.

Legacy data security approaches leave IT professionals playing whac-a-mole