52% Business Executives Worried About Security of Cloud Storage But 65% Use It

While most business professionals are worried about the security of cloud-based applications, they are not deterred from using them to store their personal and professional data, and they are not losing sleep over their data and information, according to a survey from SafeNet Labs, the creator of SafeMonk.

When SafeNet Labs, a technology incubator initiative of SafeNet, Inc., asked hundreds of business professionals worldwide if they were worried about the security of the cloud-based applications or data stored in the cloud, 52% checked “Yes”; however, 64% of respondents said they still frequently use cloud-based apps to store their personal and professional data.

Ironically, when asked what keeps them up at night regarding their data and information, more than half answered, “Nothing keeps me up; I sleep like a baby.”

What keeps you up at night
regarding your data and personal information?

Further examination of the survey data shows that the higher a person is on the corporate ladder the more they use file-sharing services like Dropbox, despite company policies against it (33% of C-level titles said “Yes” versus 18% of associates). The majority of respondents, 59%, said they “wouldn’t be surprised” if they found out that their boss or executives were using file-sharing apps like Dropbox, despite a policy against doing so. In general, C-level executives (39% checked “Yes“) are less concerned about security in the cloud than associates (54% checked “Yes“).

“What this survey suggests is that cloud app usage and document storage continue to proliferate, and that organizations should reexamine antiquated attitudes towards usage of these apps across the enterprise,” said Tsion Gonen, chief strategy officer, SafeNet. “It’s clear that top-level executives understand the advantages of cloud app usage, and should enable their companies to leverage these advantages by adopting contemporary security tools and practices.”

Location also factors into respondents’ attitudes about data security in the cloud. For example, the usage of cloud-based apps is far greater in EMEA than in the US or APAC; so too are the levels of concern about data security and corporate policies against using cloud apps. However, EMEA respondents are more likely to ignore those very same policies. Who they are concerned about also varies-when it comes to their data privacy, respondents in the US and EMEA are most concerned with the government, while APAC is most concerned with Google. Additionally, APAC respondents are the group most kept up at night when it comes to their data and information, worrying that it will be maliciously exploited.

Overall, 52% of respondents are most concerned with someone hacking into their banking and financial apps. The systems most frequently used by respondents for file storage are Dropbox (39%) and desk drawers (25%); and email continues to be the dominant means for sharing files (68%), according to the data.

SafeNet Labs conducted this survey in August 2013.

SafeNet Labs is the creator of SafeMonk, a tap-proof encryption solution designed for users of the file-sharing service Dropbox.

Founded in 1983, SafeNet, Inc. has more than 25,000 customers across commercial enterprises and government agencies to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments.