IT professionals stressed about data security – study

IT professionals stressed about data security – study | Insurance Business

IT professionals stressed about data security – study

IT professionals are stressing out about data security, according to a new study.

The Oracle and KPMG Cloud Threat Report 2020, a study of 750 cybersecurity and IT professionals, found that a patchy approach to data security has created “crisis of confidence” among IT professionals. This crisis, the study said, could only be ameliorated by companies making data security part of the culture of their business.

According to the study, IT professionals are three times more concerned about the security of their companies’ financials and intellectual property than the security of their own home. Seventy-five per cent (75%) view the public cloud as more secure than their own data centers, but 92% said they didn’t trust that their organizations were well-prepared to secure public cloud services.

IT professionals also worried that their companies were using a patchwork of different products to address cybersecurity concerns, and that these products were rarely configured correctly. Seventy-eight per cent (78%) of organizations surveyed used more than 50 separate cybersecurity products, and 37% used more than 100 products. Organizations that had misconfigured cloud services experienced 10 or more data loss incidents in the last year, according to the study.

“The lift-and-shift of critical information to the cloud over the last couple of years has shown great promise, but the patchwork of security tools and processes has led to a steady cadence of costly misconfigurations and data leaks,” said Steve Daheb, senior vice president of Oracle Cloud. “Adopting tools that leverage intelligent automation to help close the skills gap are on the IT spend roadmap for the immediate future, and the C-level is methodically unifying the different lines of business with a security-first culture in mind.”