IT security fails to keep pace with the rise of cloud computing

Grazed from SiliconRepublic. Author: John Kennedy.

In the past year, 85pc of organisations have seen an increase in cyberattacks and while the cloud continues to be one of the main drivers of business model innovation, security measures are not keeping pace. According to the Ernst & Young Global Information Security Survey 2012 of 1,850 CIOs and CISOs in 64 countries, the number of organisations using cloud technology has doubled in the last two years.

However, 38pc of global and 37pc of Irish organisations have not taken any additional measures to mitigate the risks, such as stronger oversight on the contract management process for cloud providers or the use of encryption techniques. The survey also suggests that cloud computing uptake in Ireland is different in character to elsewhere – one in five global organisations cited hybrid cloud (public and private) in current use, whereas no Irish respondents indicated this was the case…

The survey reveals that a third of Irish and global organisations experienced a higher number of security incidents in the last year. Only 10pc of Irish respondents report that their information security function fully meets the needs of their organisation compared to 16pc globally. “Organisations are making gradual improvements to their information security capabilities,” Hugh Callaghan, Ernst & Young IT Risk and Assurance Services director explained…

Read more from the source @ http://www.siliconrepublic.com/cloud/item/30042-it-security-fails-to-keep/