Why Cloud-based Security Services Are on the Rise

Why Cloud-based Security Services Are on the Rise

Why Cloud-based Security Services Are on the Rise

Enterprises are relying on cloud-based security services to thwart the advances of cyber-criminals, and security budgets are up 25 percent this year.

Cloud-based Security

69% of respondents said they use cloud-based security services to protect sensitive data and both enterprise and consumer privacy.

Protecting Big Data

59% of respondents use data-powered analytics to shift security from perimeter-based defenses and enable organizations to use real-time information to create value.

Securing the Internet of Things

Although investments to address IoT security doubled so far this year, only 36% of respondents have a strategy that specifically addresses it.

Collaborating for Security

65% of respondents are collaborating with others to improve security, swapping intelligence on cyber-security threats and responses.

Rise in Security Spending

Reversing last year’s slight drop in security spending, this year respondents’ information security budgets are up by 25%.

Evolving Security Roles

54% of respondents have a CISO. The most frequently cited reporting structure is: CEO, CIO, Board and CTO.

Board Increasingly Involved

45% of Boards participate in their companies’ overall security strategy. Their deepening involvement has helped improve security practices.

Mobile Payments Going Strong

57% of respondents have mobile payment systems, but as new partnerships with technology, financial, retail and telecommunication firms form, their systems are evolving rapidly.

Investing in Cyber-Security Insurance

59% of respondents buy cyber-security insurance to mitigate the financial impact of cyber-crimes.

Government Surveillance Influences Buying Decisions

34% of respondents are reviewing their purchases in countries and 22% are purchasing less frequently due to reports that governments of those countries conduct surveillance on hardware, software and/or other services.