Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Entrust 2021 Hong Kong Encryption Trends Study Shows Increased Focus on Cloud Data Protection Across Region

Entrust 2021 Hong Kong Encryption Trends Study Shows Increased Focus on Cloud Data Protection Across Region

Conducted by the Ponemon Institute, the 16th annual study highlights regional adoption of enterprise-wide encryption faster than global averages

Security and IT professionals in Hong Kong continue to outpace the global average when it comes to the adoption of enterprise-wide encryption, with particular focus on cloud services and applications, as well as containers. This and other findings are highlighted in the Entrust 2021 Hong Kong Encryption Trends Study, part of the 16th annual multinational survey by the Ponemon Institute. The study reports on the cybersecurity challenges organisations face today, and how and why organizations deploy encryption.

Identified threats and priorities


Specifically, 54% of respondents in Hong Kong now have a consistently applied encryption plan/strategy, well ahead of the global average (50%) for the second year running. Also for the second straight year in Hong Kong, the biggest threats that might result in the exposure of sensitive data were employee mistakes (47% vs. 53% globally) and system or process malfunction, which increased from 30% to 36% (vs. 31% globally).

Currently, around six-in-ten (59%) organizations surveyed in Hong Kong transfer data to the cloud. This is up from 55% last year, but is expected to surge with an additional 24% planning to do so in the next 12-24 months. Similarly, just over half of organizations surveyed deploy encryption for public cloud services (51% vs. 46% globally) and Bring Your Own Key (BYOK) management support was cited as the fastest growing feature of cloud encryption solutions by 53%, up from 48% last year.

Furthermore, nearly half (47%) of responding IT professionals in Hong Kong deploy encryption for containers, the highest rate worldwide, up from 40% last year and far above the global average of 32%.

The growing role of hardware security modules (HSMs)


For Hong Kong IT professionals, the pain associated with key management is increasing, with two-thirds reporting a high rate of overall pain associated with managing keys or certificates. This is up from 61% last year and higher than this year’s global average of 56%.

Similar to last year, the top factor driving this is "no clear ownership" (74% vs. 64% globally), with inadequate key management tools in second place (58% vs. 46% globally).

Another factor to consider is the lower rates of hardware security module (HSM) adoption, with 40% of respondent organizations in Hong Kong using HSMs (vs. 49% globally). The fact that this is up from 34% last year, making it the 2nd highest increase worldwide, suggests that the benefits of HSMs – including the ability to help with key management - are being recognized in the region.

In fact, Hong Kong results indicate that the importance of HSMs to encryption or key management strategy is expected to increase from 63% to 79% over the next 12 months. Similarly, with the increased focus on cloud migration, when using HSMs to protect cloud applications a higher percentage of responding organizations in Hong Kong than any other region prefers to use HSMs they own and operate (54% vs 41% globally).

Over the next 12 months, respondent organizations anticipate greater use of HSMs for several use cases, led by TLS/SSL going from 38% to 78% year over year, the largest expected increase of any use case. Other leading use cases include database encryption (increasing from 25% to 45%), blockchain applications (from 13% to 30%) and payment transaction processing or payment credential issuing/provisioning (expected to increase from 26% to 40%).

"Organizations in Hong Kong are increasing their use of the cloud and containers as IT and security professionals focus on the risks associated with employee mistakes and system or process malfunctions. As they strive to protect customer information and intellectual property and to comply with data privacy mandates, organizations on average now use more than eight different products that perform encryption. This brings new challenges associated with discovering where sensitive data resides, deploying encryption technology and training users to use encryption appropriately," said Michael Tai, Area Vice President, Greater China, Entrust. "Key management still causes a high level of pain, due primarily to concerns about key ownership and inadequate key management tools. As they deploy encryption for databases, containers and cloud applications, organizations in the region seek encryption solutions that offer scalability, tamper resistance with an HSM, but as cloud use increases, organizations prefer to own and manage the HSMs used to protect cloud applications."

Additional Information:


Report: 2021 Hong Kong Encryption Trends Study

2021 Global Encryption Trends Study methodology


The 2021 Global Encryption Trends Study, based on research by the Ponemon Institute, captures how organizations around the world are dealing with compliance, increased threats, and the implementation of encryption to protect their business-critical information and applications. 6,610 IT professionals were surveyed across multiple industry sectors in 17 countries/regions: Australia, Brazil, France, Germany, Hong Kong, Japan, Mexico, Middle East (which is a combination of respondents located in Saudi Arabia and the United Arab Emirates), Netherlands, the Russian Federation, Spain, Southeast Asia, South Korea, Sweden, Taiwan, the United Kingdom, and the United States.

About Entrust Corporation


Entrust keeps the world moving safely by enabling trusted identities, payments and data protection. Today more than ever, people demand seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us. For more information, visit www.entrust.com.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Man Convicted of Fraud After Booking Over 120 Free Flights Posing as Flight Attendant
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Beata Thunberg Rebrands as Beata Ernman Amidst Sister's Activism Controversy
Hungarian Parliament Approves Citizenship Suspension Law
Prime Minister Orbán Criticizes EU's Ukraine Accession Plans
Hungarian Delicacies Introduced to Japanese Market
Hungary's Industrial Output Rises Amid Battery Sector Slump
President Sulyok Celebrates 15 Years of Hungarian Unity Efforts
Hungary's Szeleczki Shines at World Judo Championships
Visegrád Construction Trends Diverge as Hungary Lags
Hungary Hosts National Quantum Technology Workshop
Hungarian Animation Featured at Annecy Festival
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
UK and EU Reach New Economic Agreement
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
×