Technology / Firms’ use of encryption at an all-time high, report reveals

Firms’ use of encryption at an all-time high, report reveals

Businesses' use of encryption technologies to protect their data is at an all-time high, according to a report.

A study by Thales e-Security has shown that 41 per cent of global organisations are now using encryption - a rise of seven per cent from last year.

High-profile hacks and data breaches seem to have prompted firms to take action to protect their information, with 61 per cent of those with mature encryption strategies now encrypting their databases compared to 42 per cent a year ago.

Meanwhile, following Heartbleed and other vulnerabilities, the use of encrypted internet communications technologies increased from 37 per cent to 58 per cent. Encryption was also on the rise at firms processing big data. 32 per cent of organisations now encrypt their big data repositories compared to 15 per cent in 2015.

However, the report was not all good news, with encryption in business applications dropping from 46 per cent to just 18 per cent in firms that deploy “ad hoc” encryption strategies.

“Cyber security has never been more on the agenda than it is today,” said John Grimm, senior director of security strategy at Thales e-Security. “With data breaches being reported almost daily, businesses must do everything they can to ensure their most valuable data is secure from hackers and their reputation remains intact.

“Encryption, properly implemented and with sound key protection, is fast becoming a widely accepted solution to do this, and it is encouraging to see businesses making waves in securing their data. But with nearly half of global businesses still without a mature encryption strategy in place, there is still plenty more to be done.”

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