The ESG report may be downloaded at: http://bit.ly/IbFk20.
According to Oltsik, "When it comes to information strategy, large organizations tend to focus on firefighting rather than long-term strategy. Unfortunately, this short-sighted approach has its limits. Ad hoc encryption leads to redundant processes, complex operations, and high costs while placing sensitive data at risk of accidental compromise or malicious insider attack."
Several factors are driving the increase in data encryption, including: regulatory compliance, an increase in publicly disclosed breaches, and the need to protect intellectual property from advanced persistent threats (APTs). According to ESG, 54% of organizations have deployed data encryption technologies in response to APTs.
Data Encryption Growing Pains
"Current point products do a good job of protecting private data in isolated areas, but they don't provide a comprehensive solution to data privacy issues across the enterprise," states Oltsik.
The report cites the four most common enterprise encryption and key management shortcomings as: