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New Research from Barracuda shows that security is now a top concern for cloud storage

One-fifth of cloud storage users have experienced problems with their cloud provider including lost data and security issues

 
PRLog - May 7, 2014 - Basingstoke, (April 30, 2014) – A global survey of 912 businesses1 byBarracuda Networks, Inc (http://www.barracuda.com). (NYSE: CUDA) today reveals that although 83 percent of businesses surveyed back up some part of their data to the cloud, there is a strong reluctance to embrace the medium fully.  In fact, almost half (47 percent) of respondents store less than half of their data in the cloud and almost one-fifth (17 percent) do not use cloud storage at all.

Of the companies surveyed that are using a cloud storage solution, over two-thirds (69 percent) consider the data they store there as sensitive.  However, almost one-fifth (16 percent) of companies surveyed have experienced problems with their cloud provider.  Of these, 42 percent had found that the data held by their cloud provider was not secure.  Meanwhile, 40 percent claimed that data held in the cloud had not been available when needed and over one-third (37 percent) said their cloud provider had actually lost their data.

Further, approximately 89 percent of the firms surveyed cited the security credentials of their cloud provider as important or very important.  Respondents said that they are more than twice as likely (53 percent vs. 23 percent) to trust a security vendor than a storage vendor to keep their data safe in the cloud.

Wieland Alge, VP & GM manager EMEA, Barracuda, comments: "Businesses are under no illusion that if they're going to put sensitive data into the cloud, security must be at the top of their agenda.  The most trusted cloud providers will be those perceived as having the most secure credentials - credentials that can be earned by the integrity and reputation of the technology brands these providers use to protect their customer data."

Key statistics from within the UK

·      Just 14 percent of UK firms store everything (100 percent of data) in the cloud and, of those that do, half employ over 500 people

·      Almost one-fifth (18 percent) do not use the cloud at all and around two-thirds (61 percent) store less than half of their data in the cloud

·      Of those with data in the cloud, almost one third (30 percent) are not confident about the security of it

·      Over two thirds (67 percent) cite the security credentials of their cloud provider as very important, however, 17 percent have experienced issues with their cloud provider

·      UK businesses are almost twice as likely to trust a security vendor than a storage vendor to keep their data safe in the cloud

Alge concludes: “The rapid and widespread adoption of cloud storage, along with the data security concerns that come with it, suggests that it's the more security-minded cloud storage providers who are most likely to be the preferred supplier in the future."

1 About the research

The survey was conducted by independent research firm Easy Insites and surveyed 912 businesses from across the UK, France, Germany, Italy, Netherlands, Belgium, US, Australia, New Zealand and Japan, from a cross section of organisation sizes.

About Barracuda Networks, Inc. (NYSE: CUDA)

Barracuda provides cloud-connected security and storage solutions that simplify IT. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organisations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployments. Barracuda’s customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data security. For additional information, please visit www.barracuda.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding cloud storage opportunities. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company’s control and that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements.  Factors that could materially affect the Company’s business and financial results include, but are not limited to, a highly competitive business environment and customer response to the Company’s products, as well as those factors set forth in the Company’s filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in the Company’s filings with the SEC. The Company expressly disclaims any intent or obligation to update the forward-looking information to reflect events that occur or circumstances that exist after the date of this press release.

Barracuda, Barracuda Networks and the Barracuda Networks logo are trademarks or registered trademarks of Barracuda Networks, Inc. in the U.S. Or other regions.

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Source:Barracuda Networks
Industry:Technology
Tags:barracuda, security, Research, News, New
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