In a study conducted by digital security giant Gemalto and the Ponemon Institute in January 2018, it was found that 73 percent organizations in India (73 percent) believe that the management of user identities is more difficult in the cloud than the on-premises environment. As per the study, it was also found that half of the global organizations believe payment information (54 percent) and customer data (49 percent) is at risk in the cloud.
Despite 95 percent global adoption of cloud services, there is a wide gap in the level of security precautions applied by companies in different markets. Only 40 percent of the data stored in the cloud is secured with encryption and key management solutions, organizations admitted during the study. 49 percent of Indian organizations are not likely to secure sensitive data in the cloud, reflecting limited trust in cloud governance and security practices. To gain a better understanding of the key trends in data governance and security practices for cloud-based services, more than 3,200 IT and IT security practitioners worldwide were surveyed in the study.
Half of the organizations surveyed reported that payment information (54 percent) and customer data (49 percent) are at risk when stored in the cloud. 57 percent of global organizations also believe that using the cloud makes them more likely to fall foul of privacy and data protection regulations. It is more complex to manage privacy and data protection regulations in a cloud environment than on-premise networks, 75 percent of global respondents reported. This included 83 percent of the Indian participants.
There is a gap in awareness within businesses about the services being used, the findings stated. The number of IT and IT security practitioners confident they know all the cloud services their business is using was a mere 25 percent. A majority of Australian, Brazilian, and British organizations are not confident they know all the cloud computing apps, platform or infrastructure services their organization is using.
When it comes to security, the benefit of the cloud is its scalability, convenience, and cost control in offering options to businesses that they would not be able to access or afford on their own. However, there should never be an assumption that cloud adoption means information is automatically secure.