Click here to close now.

Welcome!

Agile Computing Authors: Liz McMillan, Ruxit Blog, Carmen Gonzalez, Rex Morrow, Datical, Michael Kanasoot

Blog Feed Post

Thales and Ponemon Institute study shows encryption and key management increasingly viewed as strategic issues

RSA Conference, San Francisco - February 25, 2013 - Thales, leader in information systems and communications security, announces the publication of its latest Global Encryption Trends Study. The report, based on independent research by the Ponemon Institute and sponsored by Thales, reveals that encryption continues to be viewed as a strategic issue and that organizations are increasing their investment in encryption across the enterprise in response to compliance regulations and cyber-attacks.

More than 4,000 business and IT managers were surveyed in the US, UK, Germany, France, Australia, Japan and Brazil, examining global encryption trends and regional differences in encryption usage. The report is now in its eighth year since its launch in 2005.

The results of the study show there has been a steady increase in the deployment of encryption solutions used by organizations over the past eight years. The percentage of overall IT security spending dedicated to encryption has also increased, almost doubling from 10% to 18%, demonstrating that organizations are prioritizing encryption over other security technologies.

Encryption continues to be viewed as a strategic issue with business leaders rather than IT or security professionals gaining greater influence over their organization's encryption strategy. For the first time business managers in the United States became the more influential group in setting the encryption strategy, demonstrating that encryption is no longer seen as just an IT issue but one that affects an entire organization.

Perceptions about the most significant threats to the exposure of sensitive or confidential data are employee mistakes, forced disclosures triggered by e-discovery requests and system or process malfunctions. Combined, these concerns over inadvertent exposure outweigh concerns over actual malicious attacks by more than 2:1.

The top data protection priorities focus on identity and access management, data discovery, protecting data in use within business applications and protecting data in outsourced or cloud environments. The importance of protecting data in cloud environments rose significantly from last year's survey ranking fourth in priority - up from 12th.

When it comes to buying criteria, performance is always the top concern. The next largest issue is key management with 38% of respondents saying they have a formal key management strategy. To support that strategy, the new Key Management Interoperability Protocol (KMIP) standard that allows organizations to deploy centralized key management systems that span multiple use cases and equipment vendors, has already established a relatively high level of awareness among IT and IT security practitioners. KMIP is perceived to be of increasing importance and is expected to contribute to encryption and key management strategies specifically around cloud, storage and application-centric deployments.

Hardware security modules (HSMs) are increasingly considered a critical component of a key management strategy. These devices are used to protect critical data processing activities and can be used to strongly enforce security polices and access controls.

Dr Larry Ponemon, chairman and founder of The Ponemon Institute, says:
"Encryption usage has emerged as a clear indicator of a strong security posture with organizations that deploy encryption being more aware of threats to sensitive and confidential information and making a greater investment in IT security. Regardless of an organization's situation, it is clear that encryption and key management are becoming more widely deployed. For the first time this year our study shows that more organisations say they have an encryption strategy than not - another clear indication that encryption is now seen as a strategic issue."

Richard Moulds, vice president strategy at Thales e-Security says:
"Encryption is taking center stage as a strategic IT security issue, in order to mitigate the risk of data breaches and cyber-attacks and to protect an organization's brand, reputation and credibility. However, key management remains a challenge that can rapidly escalate as the use of encryption and other uses of cryptography expand. The report highlights how organizations are responding and shows a 25% increase in spending on key management solutions as a proportion of encryption budgets. Thales high assurance encryption and key management solutions help our customers address this challenge by reducing risk, supporting business continuity and demonstrating compliance enabling them to pursue their data protection goals with greater confidence."

Thales and the Ponemon Institute discuss the results of the new Global Encryption Trends Study, Wednesday, February 27, 2013 at "W" San Francisco Hotel 12noon - 1.30pm. Click here to register (this is a registration only event) or download the report here.

Visit Thales at booth #517, RSA Conference, Moscone Center, San Francisco, February 25-March 1, 2013.

See demonstrations of Thales keyAuthority in the OASIS KMIP interoperability showcase booth #3012.

For industry insight and view on the latest key management trends check out our blog at www.thales-esecurity.com/blog

Follow Thales e-Security on Twitter @Thalesesecurity, LinkedIn, Facebook and YouTube

About the Ponemon Institute
The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Thales e-Security
Thales e-Security is a leading global provider of data encryption and cyber security solutions to the financial services, high technology manufacturing, government and technology sectors. With a 40-year track record of protecting corporate and government information, Thales solutions are used by four of the five largest energy and aerospace companies, 22 NATO countries, and they secure more than 70 percent of worldwide payment transactions. Thales e-Security has offices in Australia, France, Hong Kong, Norway, United States and the United Kingdom. www.thales-esecurity.com

About Thales
Thales is a global technology leader for the defence & security and the aerospace & transport markets. In 2011 the company generated revenues of €13 billion with 67,000 employees in 56 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers and local partners. www.thalesgroup.com

Contact:
Dorothée Bonneil
Thales Media Relations - Security
+33 (0)1 57 77 90 89
[email protected]

Liz Harris
Thales e-Security Media Relations
+44 (0)1223 723612
[email protected]

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

@ThingsExpo Stories
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue of profound change in the industry.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a business application to multiple users (multi-tenancy). Docker, a container technology, was used to ...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...