June 30, 2016 By Larry Loeb 2 min read

The 2016 “Encryption Application Trends Study,” which is based on independent research conducted by the Ponemon Institute, concluded that the biggest users of encryption are companies in financial services, health care and pharmaceutical, and technology and software industries.

But this latest version of the annual survey, which involved 5,000 respondents and covered 14 major industries across 11 countries, also examined the choice of encryption strategy an organization would use as well as other details about this form of data protection.

More Organizations Embracing an Encryption Strategy

Somewhat surprisingly, overall enterprise use of encryption rose to a level never before seen in the report’s 11-year history. Not only that, but the rate of any reported “extensive deployment of encryption” jumped to 41 percent overall usage, which was also the largest figure recorded over the lifetime of the survey.

The survey found some other characteristics of those who have been using encryption. For example, companies that are more mature with respect to their encryption strategy were more likely to deploy hardware security modules (HSMs). These modules are typically used with SSL/TLS, database encryption and application-level encryption — all the standard data protection measures for the enterprise. Enterprises are using HSMs for encryption when they can, and it seems to be working.

Encryption is most frequently used for databases, internet communications and laptop hard drives, according to the survey. This is likely just the beginning: Expect to see more of these HSMs out there as usage grows. It might even become an important design consideration for the specialized encryption strategy serving organizations in the future, particularly as industry compliance standards become more widespread.

Enterprises Must Grow Encryption Cautiously

These hardware modules may end up being the enterprise version of a gamer’s upgradeable graphic card: There’s room to grow, but the consequences are unknown. Designers looking to gain throughput may overclock them or play hardware tricks, but HSMs have to be reliable in function.

If HSMs end up expanding an enterprise’s attack surface, security professionals and their organizations will face a serious problem. That may put some counterpressure on the developers to clean up the crypto-devices.

Whether it is because of industry regulations, privacy concerns or a need to protect against a data breach, encryption is being adopted by the enterprise in record numbers.

More from

When ransomware kills: Attacks on healthcare facilities

4 min read - As ransomware attacks continue to escalate, their toll is often measured in data loss and financial strain. But what about the loss of human life? Nowhere is the ransomware threat more acute than in the healthcare sector, where patients’ lives are literally on the line.Since 2015, there has been a staggering increase in ransomware attacks on healthcare facilities. And the impacts are severe: Diverted emergency services, delayed critical treatments and even fatalities. Meanwhile, the pledge some ransomware groups made during…

AI and cloud vulnerabilities aren’t the only threats facing CISOs today

6 min read - With cloud infrastructure and, more recently, artificial intelligence (AI) systems becoming prime targets for attackers, security leaders are laser-focused on defending these high-profile areas. They’re right to do so, too, as cyber criminals turn to new and emerging technologies to launch and scale ever more sophisticated attacks.However, this heightened attention to emerging threats makes it easy to overlook traditional attack vectors, such as human-driven social engineering and vulnerabilities in physical security.As adversaries exploit an ever-wider range of potential entry points…

4 trends in software supply chain security

4 min read - Some of the biggest and most infamous cyberattacks of the past decade were caused by a security breakdown in the software supply chain. SolarWinds was probably the most well-known, but it was not alone. Incidents against companies like Equifax and tools like MOVEit also wreaked havoc for organizations and customers whose sensitive information was compromised.Expect to see more software supply chain attacks moving forward. According to ReversingLabs' The State of Software Supply Chain Security 2024 study, attacks against the software…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today