It has become a trend in India that as soon as it adopts a new technology, it leads the way putting all other early adopters far away. Cloud adoption, too, is no exception. A recent study revealed that Indian organisations top the chart in putting their data in cloud, public or private.
The report commissioned by Thales, the French firm that specialises in critical data security, and prepared by Ponemon Institute, reveals that 70% of organisations in India transfer sensitive or confidential information to the cloud, a rate that is highest of all the countries in the survey. The global average for cloud adoption by organisations is 53%.
The study named ‘Global Encryption Trends 2017’ primarily surveyed organisations of their data security and encryption policies.
The study also found that 82% of organisations in India embrace some type of encryption strategy, demonstrating the importance of encryption and key management in achieving a strong security posture.
“As organisations embark on their digital transformation and embrace the cloud it is imperative that their most sensitive data remains secure and protected. This study is part of a global initiative by Thales to educate leaders from the private and public sectors on the privacy and data protection practices companies can follow today” – Emmanuel de Roquefeuil, country director India, Thales.
The top drivers for encryption in India are to protect against specific, identified threats and to protect customer information. This is in contrast to the global data where compliance is, and historically always has been, the top driver for encryption. In India, compliance ranked third on the list at 55%.
Organisations are increasingly adopting encryption to protect sensitive information, but with more use of encryption comes additional requirements to manage keys, something that organisations in India found more painful to manage than any other country.
“This study is a call to action for organisations in India to strengthen their security position with strong data security and encryption plans in order to secure sensitive data and adhere to risk and compliance best practices and regulations. Thales is a strong player in the Indian public sector banks and most private sector banks, securing their information with its Hardware Security Module (HSMs). It is estimated that over 90% of the card transactions in India are secured by Thales payment HSMs” – James Cook, sales director South Asia, Thales e-Security.