Data-Centric Security Statistics


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Data-Centric Security Statistics 2023: Facts about Data-Centric Security outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Data-Centric Security, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Data-Centric Security Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Data-Centric Security Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 20 Data-Centric Security Statistics on this page 🙂

Data-Centric Security “Latest” Statistics

  • Even though one of the main reasons for cloud migration is to make data accessible from anywhere, research by OpenVPN found that 90% of IT professionals don’t think remote employees are safe.[1]
  • According to a survey by Accenture and the Ponemon Institute, the frequency of data breaches has surged by 67% over the last five years.[1]
  • Ransomware attacks affected 60% of businesses last year, and researchers expect this threat vector to continue to expand since it is an easy way to make money.[1]
  • Despite the fact that current privacy laws oblige businesses to monitor the impact of the personal data they gather, 33% of enterprises subject to the GDPR and 25% of those subject to the CCPA do not monitor data sharing at all.[1]
  • According to the Netwrix 2020 Data Risk and Security Report, 38% of firms that use remote workers have experienced cloud data security breaches. However, over 70% believe that remote workers are more dangerous than onsite workers.[1]
  • In the Barracuda study, 53% of participants said that the COVID-19 incident had prompted them to expedite their plans to transfer all of their data to a 100% cloud-based model.[2]
  • With ADQ, there is a 50% increase in predictability, over 45% lower latency, and about 30% improvement throughout running open source.[3]
  • In 2020, the global data-centric security market size was appreciated at $2.73 billion and was estimated to arrive at $39.344 billion by 2030, reflecting a 30.6% CAGR from 2021 to 2030.[4]
  • The public cloud’s explosive growth from $270 million in 2020 to a projected $397 million in 2022 complicates things even more.[5]
  • Over the last ten years, identities have expanded more than fivefold, according to 52% of IT security decision-makers.[6]
  • Attackers seek to migrate laterally across the network in 70% of all cases.[6]
  • Insider assaults occurred in 60% of businesses in the last year, according to the 2019 Insider Threat Report Insiders for Nucleus Cybersecurity.[6]
  • Interestingly the Opus/Ponemon analysis stated that 59% of firms had a breach owing to a vendor, whereas the BeyondTrust report placed that percentage at 58%.[6]
  • In order to infect user devices, over 99% of threats were identified as needing human contact.[6]
  • Preferential credentials are used in more than 80% of hacks.[6]
  • 83% of respondents said they thought such assaults would be effective in the coming years.[7]
  • The market for data-centric security would increase from an anticipated value of $4.2 billion in 2022 to $12.3 billion by 2027, growing at a compound annual growth rate of 23.9% between 2022 and 2027.[7]
  • Compared to 68% of sluggish performers, 81% of outperformers, according to a McKinsey analysis, invest in data analytics centers.[8]
  • The United States owned more than 36% of the worldwide market share for information and communication technology in 2021, according to Statista.[9]
  • Predictions state that the ICT industry will surpass $6 trillion in 2021 and approach $7 trillion by 2023.[9]

Also Read

How Useful is Data Centric Security

One of the main advantages of data centric security is its proactive approach to cybersecurity. By implementing measures such as data encryption, access controls, and monitoring, organizations can take a more preemptive stance against potential threats. This is in stark contrast to traditional perimeter-based security measures that often rely on detecting and responding to breaches after they have already occurred.

Furthermore, data centric security allows organizations to establish granular control over who has access to their data and how it is used. By effectively managing permissions and access rights, businesses can reduce the risk of unauthorized data breaches and leaks. This level of control is particularly important in today’s world where sensitive data is constantly being shared and accessed by multiple parties.

Data centric security also helps organizations comply with various data protection regulations and standards. With the implementation of measures such as data masking, tokenization, and anonymization, businesses can ensure that they are handling their data in accordance with the law. This is crucial for industries that deal with highly sensitive information, such as healthcare and financial services.

In addition to protecting data from external threats, data centric security also helps mitigate the risk of insider threats. By implementing monitoring and auditing tools, organizations can detect unauthorized or suspicious behavior within their own networks. This can be crucial in preventing data breaches caused by employees, contractors, or other trusted individuals who may have malicious intentions.

While data centric security offers many benefits, it is not without its challenges. One of the main obstacles organizations face when implementing data centric security measures is striking the right balance between security and usability. Strong encryption and access controls can sometimes be cumbersome and interfere with the normal flow of business operations. Finding the right mix of security measures that do not hinder productivity is a delicate balancing act that businesses must navigate.

Another challenge is the cost associated with implementing and maintaining data centric security measures. Building a robust data security infrastructure requires investments in technology, training, and ongoing maintenance. For many organizations, especially small and medium-sized businesses, these costs can be prohibitive. However, the potential impact of a data breach on a business’s reputation and bottom line often outweighs the upfront investment required for data centric security.

In conclusion, data centric security plays a crucial role in safeguarding organizations’ most valuable assets in today’s digital world. By protecting data at its core and implementing proactive measures, businesses can better defend against cyber threats and breaches. While challenges exist in implementing data centric security, the benefits far outweigh the risks, making it an essential component of any organization’s cybersecurity strategy.

Reference

  1. netwrix – https://blog.netwrix.com/2020/03/31/time-to-shift-from-threat-centric-security-towards-data-centric-security/
  2. seclore – https://blog.seclore.com/five-key-trends-driving-faster-adoption-of-data-centric-security/
  3. intel – https://newsroom.intel.com/news/fact-sheet-intel-unveils-new-technologies-accelerate-innovation-data-centric-world/
  4. alliedmarketresearch – https://www.alliedmarketresearch.com/data-centric-security-market-A13793
  5. cyberdefensemagazine – https://www.cyberdefensemagazine.com/data-centric-security/
  6. idsalliance – https://www.idsalliance.org/identity-centric-security-10-data-points-from-10-different-vendors-and-a-book-make-the-case/
  7. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/data-centric-security-market-1504980.html
  8. securitymagazine – https://www.securitymagazine.com/articles/96652-the-business-case-for-data-centric-security
  9. taiwannews – https://www.taiwannews.com.tw/en/news/4389872

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