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Redwood Shores, Calif.—May 14, 2020
Data security is creating fear and trust issues for IT professionals, according to the third-annual Oracle and KPMG Cloud Threat Report 2020. The study of 750 cybersecurity and IT professionals across the globe found that a patchwork approach to data security, misconfigured services and confusion around new cloud security models has created a crisis of confidence that will only be fixed by organizations making security part of the culture of their business.
Demonstrating the fear and trust issues experienced by IT professionals, the study found that IT professionals are more concerned about the security of their company’s data than the security of their own home.
IT professionals are using a patchwork of different cybersecurity products to try and address data security concerns, but face an uphill battle as these systems are seldom configured correctly.
Organizations are moving more business-critical workloads to the cloud than ever before, but growing cloud consumption has created new blind spots as IT teams and cloud service providers work to understand their individual responsibilities in securing data. This confusion has left IT security teams scrambling to address a growing threat landscape.
To address increasing data security concerns and trust issues, cloud service providers and IT teams need to work together to build a security-first culture. This includes hiring, training, and retaining skilled IT security professionals, and constantly improving processes and technologies to help mitigate threats in an increasingly expanding digital world.
“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. Positive progress is being made, though,” said Steve Daheb, Senior Vice President, 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.”
“In response to the current challenging environment, companies have accelerated the movement of workloads, and associated sensitive data, to the cloud to support a new way of working, and to help optimize cost models. This is exposing existing vulnerabilities and creating new risks,” said Tony Buffomante, Global Co-Leader and U.S. Leader of KPMG LLP’s Cyber Security Services. “To be able to manage that increased threat level in this new reality, it is essential that CISOs build security into the design of cloud migration and implementation strategies, staying in regular communication with the business.”
This year’s report is the first in a 5-part series, with follow-on reports offering insights into research findings on central cloud security topics, including:
The data presented in this report was collected via a broad online survey conducted by Enterprise Strategy Group of 750 cybersecurity and IT professionals from private- and public-sector organizations in North America (US and Canada), Western Europe (UK and France), and Asia-Pacific (Australia, Japan, and Singapore) between December 16, 2019 and January 16, 2020. To qualify for this survey, respondents were required to be responsible for evaluating, purchasing, and managing cybersecurity technology products and services and to have a high level of familiarity with their organization’s public cloud utilization. All respondents were provided an incentive to complete the survey.
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