Home     >     Technology     >    

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

HONG KONG SAR -  - 9 June 2021 - 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 prefer 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

Blog: As cyber threats grow, Hong Kong outpaces the world in enterprise encryption strategies


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.

  • Media Contact
  • Entrust
Information contained on this page is provided by an independent third-party content provider.This Site make no warranties or representations in connection therewith.If you are affiliated with this page and would like it removed it please contact service@ceapress.com
Related tags: Technology

BYD Rolls Off Its 3 Millionth New Energy Vehicle and Debuts A New Passenger Car Brand Matrix

2022-11-16 23:18:00

BYD's acceleration on promoting New Energy Vehicles. From the first new energy vehicle to the 1 millionth new energy vehicle in 13 years and from 1 million to 2 million in just 1 year and from 2 million to 3 million in just 6 months, BYD is actively promoting NEVs. "To reassure our customers about safety, we have made it a mission that we will carry to the end". In addition to the Blade Battery and CTB technology, BYD will also launch another safe and novel pioneering technology which will be equipped for the first time on the new model of its high-end brand, the Yangwang brand. BYD Auto will build up its brand matrix with five brands. These five brands are Dynasty, Ocean, Denza, Yangwang, and a new brand that specializes in professional and personalized identities. BYD operates globally. As a global seeker of talent, BYD acquires its talents worldwide. In terms of operation, BYD has extended its new energy vehicle footprint to over 400 cities across 70 countries and regions on 6 continents. In particular, BYD's new energy passenger cars have entered Norway, Germany, Japan, Thailand, Brazil, and other markets in the world. In the future, BYD's new energy passenger cars will enter more markets and will be manufactured as well as sold globally.

Trina Solar defines the aesthetic black product by high tech, delivering new Vertex S modules globally

2022-11-01 23:02:00

Trina Solar's Vertex S Aesthetic Module, an upgraded product highly anticipated by global customers, has arrived in Europe, Australia, Japan and other markets recently. It is the first solar PV module to win the Red Dot Award and is turning heads because of its efficient and reliable performance and an outstanding design and visual appearance, making it a favorite among distributed solar rooftops in global markets.

Hikvision released the evolutionary eDVR Series with eSSD technology

2022-10-12 00:00:00

October 12, 2022 – Hikvision recently added the eDVR Series into its expanding portfolio of security solutions for SMBs. Powered by embedded solid state drive technology, Hikvision's eDVRs are compact, durable, easy-to-use, and energy-efficient. All this means they are ideal for small-to-medium-sized businesses and residential applications.

Xiaomi Partners with National Geographic Magazine China Inspring Global Youth to Rediscover Life's Wonders

2022-10-04 00:00:00

Following the footsteps of Out of Eden Walk Paul Salopek Harnessing Xiaomi technology to inspire curiosity in their world

XPENG Receives Third Consecutive MSCI ESG Rating of AA Achieves Industry-leading DJSI Scores

2022-10-03 11:00:00

Dedication to EV technology innovation brings remarkable growth potential

OPPO Wins Impact Award and Innovation Award on Consumer Tech at BEYOND Expo 2022

2022-09-26 00:00:00

OPPO was awarded the Impact Award and Consumer Tech Innovation Award at BEYOND Expo 2022 yesterday for its achievements in sustainability and SUPERVOOC Flash Charge technology.