For enterprises storing sensitive data in the cloud, an enhanced security strategy is key to monitoring and protecting that data. In fact, according to Oracle research, 40% of respondents say that detecting and responding to cloud security incidents is now their top cyber security challenge. As part of efforts to address this concern, four in 10 companies have hired dedicated cloud security architects, while 84% say they are committed to using more automation to effectively defend against sophisticated attackers.
The survey of 450 global IT professionals show that organizations are struggling to protect their data amidst a growing number of security breaches. The study found that 90% of information security professionals classify more than half of their cloud data as sensitive. Furthermore, 97% have defined cloud-approval policies. However, the vast majority (82%) noted they are concerned about employees following these policies.
Additional survey results show that only 14% of respondents are able to effectively analyze and respond to the vast majority (75%-100%) of their security event data. Cyber security spending is on the rise with 89% of respondents expecting their organization to increase cyber security investments in the next fiscal year. In addition, 26% cited a lack of unified policies across disparate infrastructure as a top challenge, and 95% said that the General Data Protection Regulation (GDPR) will impact cloud strategies and service provider choices.
The Oracle and KPMG Cloud Threat Report is available for download.