Transferring sensitive and confidential information to the cloud seems to be a growing trend. About half of 4,000 IT professionals from seven different countries admitted that they use external cloud-based services for sensitive or confidential data. And another 1/3 of respondents said their organization is likely to transfer sensitive and confidential data to the cloud within the next two years.
About 38% of respondents rely on encryption of data while it is transferred to the cloud. While 35% said their organization encrypts the data before sending it to the cloud provider so that it stays encrypted while in the cloud. 27% said that their organization encrypts that data while it is in the cloud environment.
The survey, conducted by the Ponemon Institute, also found that companies with characteristics that indicate a strong security background were actually more likely to transfer sensitive and confidential information to the cloud than companies with a weaker security background.
Do you think these findings are ripe and the cloud is becoming a place to store sensitive and confidential material? Or do you think these findings are just hype?