CipherCloud Survey Shows Data Security, Privacy, And Other Concerns Delaying or Stopping Cloud Implementations at 66% of Organizations Polled

PRESS RELEASE

San Jose, Calif., October 18, 2012 -- A new poll shows data security, privacy, residency, and compliance issues continue to hinder cloud adoption, with 66% of organizations reporting at least one cloud project that has been stopped or delayed due to these factors. Worries over data leakage topped the list with 52% of respondents indicating this was a concern.

CipherCloud, the leader in cloud encryption, conducted the survey during the cloud-focused Dreamforce event in San Francisco that drew more than 48,000 attendees. The survey covered all cloud applications as a group, rather than applications provided by a specific vendor.

"Stalled or cancelled projects are costing companies millions. Many organizations are clearly deploying SaaS or cloud applications first and assessing the risk later," said Pravin Kothari, founder and chief executive officer at CipherCloud. "These delays and costs can be avoided by bringing in cloud security and privacy experts early during the architecture planning phase of any implementation."

In considering storing sensitive data in the cloud, the respondents, which were IT professionals with in-depth experience in cloud implementations, indicated concern over these issues:

-- Data security - 66%

-- Data privacy - 56%

-- Compliance - 34%

-- Data residency - 26%

The study also showed a high percentage of respondents were also concerned with other specific cloud threats:

-- Data leakage - 52%

-- Unknown risk profiles - 34%

-- Account, service, and traffic hijacking - 32%

-- Shared technology vulnerabilities - 32%

-- Malicious insiders at cloud providers - 28%

-- Insecure programming interfaces - 24%

The survey was conducted by CipherCloud, provider of award-winning cloud encryption gateways that secure sensitive data in real-time,across multiple cloud applications without impacting functionality or performance. CipherCloud uses comprehensive security controls including strong encryption, tokenization, activity monitoring, and malware detection to eliminate the the data privacy, residency, security and compliance barriers to cloud adoption.

"The cloud is experiencing explosive growth, but the technologies to address the security threats associated with this new model had not kept pace. At CipherCloud, we've closed that gap with cloud-optimized encryption and tokenization advances that preserve the user experience, can work with any cloud application, and can be implemented in hours instead of months. Our cloud encryption gateway fully addresses the concerns that our survey found, so that more organizations can move confidently and rapidly to the cloud," said Kothari.

About CipherCloud

CipherCloud is the market-leading provider of cloud encryption and tokenization gateways that enable enterprises to securely adopt cloud applications by eliminating concerns about data privacy, residency, security, and regulatory compliance. CipherCloud's operations-preserving encryption and tokenization technology secures sensitive information in real time, before it's sent to the cloud, without impacting usability or performance, or requiring any change to the application. The CipherCloud Platform secures multiple cloud applications including Salesforce, Force.com, Chatter, Gmail, Office 365, and Amazon AWS. CipherCloud Connect AnyApp and CipherCloud Gateway can enable organizations to encrypt data for millions of public and private cloud web applications. Recognized by Gartner as a Cool Vendor in Cloud Security in 2011, CipherCloud is backed by premier venture capital firms including Andreessen Horowitz, Index Ventures, and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.