Encryption Key Management Statistics 2024 – Everything You Need to Know

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Are you looking to add Encryption Key Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Encryption Key Management statistics of 2024.

My team and I scanned the entire web and collected all the most useful Encryption Key Management stats on this page. You don’t need to check any other resource on the web for any Encryption Key Management statistics. All are here only 🙂

How much of an impact will Encryption Key Management have on your day-to-day? or the day-to-day of your business? Should you invest in Encryption Key Management? We will answer all your Encryption Key Management related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Encryption Key Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 81 Encryption Key Management Statistics on this page 🙂

Encryption Key Management Benefits Statistics

  • The 2021 Global Encryption Trends Study Another 24% plan to do the same thing within the next two years, suggesting that many organizations view the benefits of cloud computing as outweighing potential security risks. [0]

Encryption Key Management Latest Statistics

  • As of the 2020 fiscal year, according to 64 percent of survey respondents, the lack of clear key ownership was a leading problem in the management of enterprise IT keys. [1]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [1]
  • In the example above, 50% of all data in Account objects are encrypted. [2]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [3]
  • The 2020 by Statista found that 56% of enterprise respondents said their internet communications had extensive encryption deployed. [4]
  • 27% had only partially deployed encryption for their internet communications. [4]
  • A staggering 53% of companies left over 1,000 sensitive files and folders unencrypted and open to all of their employees, a by Varonis found. [4]
  • 2019 global data risk report estimated over 300 billion passwords worldwide would need to be protected in 2020. [4]
  • The showed that Imperva 2020 Cyberthreat Defense Report Seven million unencrypted data records are compromised every day, according to by Varonis. [4]
  • The by W3 Techs shows that the default HTTPS protocol is used by 77.5% of all websites. [4]
  • However, only 42% of respondents use encryption to secure their customer data in 2021. [4]
  • 2021 report also showed 65% of enterprises don’t know where sensitive data is stored across multiple clouds. [4]
  • reached a new milestone, with 50% of organizations revealing they have a consistent encryption strategy. [4]
  • The Ponemon Institute 56% of respondents in the Ponemon Institute’s study rate encryption key management as painful. [4]
  • In Ponemon’s 2021 report, 60% of surveyed organizations revealed they transfer sensitive files to the cloud regardless of whether they are encrypted or unreadable via data masking or tokenization. [4]
  • Another 24% say they aim to encrypt sensitive files in the next two years. [4]
  • Unfortunately, as a 2018 data analysis from Third Way shows, “less than 1% of malicious cyber incidents see an enforcement action taken against cybercriminals.”. [5]
  • In other words, bad guys are getting away with essentially 99% of their nefarious activities without law enforcement doing anything in response to it. [5]
  • This is up 10% from the $3.86 million reported in the previous year’s report. [5]
  • The report, which is based on a study of 6,803 insider related incidents and was carried out by the Ponemon Institute, indicates that these events involved one of the following 56% involved negligence. [5]
  • 26% involved a criminal insider 18% involved user credential theft. [5]
  • Trade secrets and intellectual property theft come in swinging with estimated revenues topping $500 million. [5]
  • In 2021 alone, GDPR fines reached a staggering €1,065,071,470, according to Atlas VPN’s research team!. [5]
  • Amazon received a €746 million fine in response to GDPR privacy violations, according to the company’s June 30, 2021 SEC filing. [5]
  • According to RiskIQ, which was acquired by Microsoft in 2021, the average cybersecurity incident costs an average of $1,797,945 per minute!. [5]
  • Or, putting it another way, that’s the equivalent of $29,965.75 every second, or basically the average cost of buying a used car with current inflation (which has increased 28% since November 2020). [5]
  • 6 — 36% of Data Breaches Involve Phishing in One Way or Another Verizon’s. [5]
  • This is basically a 25% increase over the previous year’s dataset. [5]
  • — Cybercriminals Targeted Web Apps in 80% of Hacking. [5]
  • — 45% of Fraud Attacks Are Carried Out by Using Your Legitimate Brand as the Scapegoat Just when you thought things couldn’t get any worse, it turns out there’s, apparently, a way to do just that. [5]
  • According to Check Point Research’s Brand Phishing Report for Q4 2021, the delivery company takes on the mantle of the most commonly impersonated brands, surpassing the title’s usual contender Microsoft. [5]
  • In the last quarter of the year, DHL was represented in 23% of phishing attacks they studied globally. [5]
  • The other top five most commonly impersonated brands include Microsoft (20%) WhatsApp (11%) Google (10%) LinkedIn (8%). [5]
  • 72% of U.S. Businesses Rely on Hardware Security Modules. [5]
  • Here’s a nice statistic for us here in the United States — Entrust’s 2021 Global Encryption Trends Study data shows that we lead the way in terms of deploying HSMs, followed closely by Denmark (70%). [5]
  • Compare this to United Kingdom (51%), France (45%), and Mexico (31%). [5]
  • 12 — 81% U.S. Organizations View HSMs As Key Components of Effective Encryption & Key Management Following up on the last cybercrime statistic, Entrust’s. [5]
  • Comparatively, 65% of U.K. respondents and 58% of their French counterparts feel the same way. [5]
  • 13 — 91% of Organizations Want or Are Discussing Implementing PKI Automation Public key infrastructure and digital certificates are integral to data security and integrity. [5]
  • 14 — 96% of Executives View PKI as “Essential to Zero Trust Architecture”. [5]
  • However, their survey also shows that a whopping 61% — nearly two thirds of respondents — don’t include zero trust within their zero trust strategies. [5]
  • 82% of Organizations Say Their IT Security Budgets Have Increased. [5]
  • Considering that the average organization’s IT security budget still only constitutes 15% of the overall IT budget, it’s not the rate of speed. [5]
  • 2021 Data Breach Investigations Report shows that 85% of breaches involved the “human element” — meaning that either your employees were targeted or they made a mistake that resulted in a breach. [5]
  • So, I’m glad to see that KnowBe4’s 2021 State of Privacy and Security Awareness Report shows that 91% of employees within the Finance industry shared that they’d undergone at least one form of related training. [5]
  • 17 — Breach Costs for Companies Using Strong Encryption Cost $1.25 Million Less on Average IBM’s Cost of a Data Breach 2021 data shows that organizations that relied on no encryption or weak encryption wound up paying an average of 29.4% more per breach. [5]
  • 19 — 30% of CISOs’ Roles. [5]
  • CISOs have an often thankless job — if you do 99.9% of things right but have one mistake leads to a breach, that’s the one thing you’ll be remembered for. [5]
  • 23 — 40% of Companies Use Spreadsheets to Manually Track PKI Digital Certificates. [5]
  • Default 100, Range 0 to 250, or Auto 50% of SESSIONS. [6]
  • 93% Percentage of security professionals who say their organization turned to the data privacy team to help guide their response to the COVID. [0]
  • Likely as a result, average privacy budgets doubled to $2.4 million in 2020 compared to the prior year. [0]
  • At the same time, nearly half (45%). [0]
  • Fifty seven percent consider their ability to control what data of theirs the organization shares as critical, and 51% cited the brand’s trustworthiness as the most critical factor when sharing data with an organization. [0]
  • In 2015, the percentage stood at 37%, and in the last survey it was 48% Source. [0]
  • The 2021 Global Encryption Trends Study Thirtyfour percent describe data classification as the biggest encryption related challenge, and 43% say it is the initial deployment of encryption technology. [0]
  • 2020 State of Data Security Report 52.9% Percentage of organizations that currently store employee records in the public cloud. [0]
  • In addition, slightly more than 51% store business intelligence data in the cloud; some 50% have uploaded financial and accounting data and 42% store sensitive customer data in the cloud. [0]
  • Other areas that survey respondents said would benefit from increased investments include cloud security posture management (38%) and cloud workload protection platforms (37%). [0]
  • More than half (50.7%). [0]
  • 2021 Data Risk Report 64% Percentage of organizations that use a zerotrust, least privileged access approach as a guiding principle to control access to their data, most or all the time. [0]
  • An almost identical share (89%). [0]
  • Contrary to perception, enabling secure remote access for employees and external parties is only the thirdbiggest driver (41%). [0]
  • The State of Zero Trust Security Strategies 56% Share of enterprise. [0]
  • Unpredictable costs (38%), concerns over potential performance issues (37%), and regulations pertaining to cloud data security (32%). [0]
  • In addition, 21% view these tools as very important right now. [0]
  • After 16 years of conducting the Global Encryption Trends Study, the Ponemon Institute found that organizations reached a new milestone with 50% reporting that they have an overall encryption strategy that’s applied consistently. [7]
  • Customer information is once again listed as the top reason to encrypt, yet only 42% of respondents are using encryption for customer data – ranking 5th on the list of data types that enterprises actually encrypt. [7]
  • 65% of respondents report struggling to find where sensitive data resides across multiple clouds, and over 2/3 of organizations are using two or more public clouds. [7]
  • In fact, 24% of data breaches are caused by human error, which is why data security is everyone’s job. [8]
  • 44% of organizations share data on a continuous basis, 26% share data daily, and another 13% share data every hour. [8]
  • 86% of professionals name email as their preferred means of business communication. [8]
  • 70% of emails sent contain sensitive information. [8]
  • 53% of organizations have over 1,000 sensitive files open to every employee. [8]
  • Only 5% of a company’s folders are protected. [8]
  • 68% of business leaders feel their cybersecurity risks are increasing. [8]
  • 34% of breaches involve internal actors. [8]
  • An organization’s share prices fall 7.27% on average after a breach. [8]
  • 70% of business leaders agree that a largely remote workforce will increase the cost of a data breach. [8]
  • If an empty column list is given, no column is analyzed by In CDH 5.15 / Impala 2.12 and higher, an optional clause immediately after a table reference specifies that the operation only processes a specified percentage of the table data. [9]

I know you want to use Encryption Key Management Software, thus we made this list of best Encryption Key Management Software. We also wrote about how to learn Encryption Key Management Software and how to install Encryption Key Management Software. Recently we wrote how to uninstall Encryption Key Management Software for newbie users. Don’t forgot to check latest Encryption Key Management statistics of 2024.

Reference

  1. techbeacon – https://techbeacon.com/security/27-data-security-stats-matter.
  2. statista – https://www.statista.com/statistics/531939/worldwide-enterprise-encryption-key-management-issues/.
  3. salesforce – https://help.salesforce.com/s/articleView?id=security_pe_stats_use.htm&language=en_US&type=5.
  4. statista – https://www.statista.com/statistics/532000/worldwide-enterprise-encryption-key-management-systems/.
  5. comparitech – https://www.comparitech.com/blog/information-security/encryption-statistics/.
  6. thesslstore – https://www.thesslstore.com/blog/cyber-crime-statistics/.
  7. oracle – https://docs.oracle.com/en/database/oracle/oracle-database/19/newft/new-features.html.
  8. entrust – https://www.entrust.com/lp/en/global-encryption-trends-study.
  9. virtru – https://www.virtru.com/blog/data-security-statistics/.
  10. cloudera – https://docs.cloudera.com/documentation/enterprise/6/6.3/topics/impala_compute_stats.html.

How Useful is Encryption Key Management

The importance of encryption key management cannot be overstated. Without proper management, encryption keys can be lost, stolen, or misused, leaving sensitive data vulnerable to unauthorized access. In the event of a security breach, compromised encryption keys could result in the exposure of confidential information, financial losses, and irreparable damage to an organization’s reputation. Therefore, implementing robust encryption key management practices is critical for safeguarding data and preserving trust with customers, partners, and stakeholders.

One key aspect of encryption key management is the generation and distribution of encryption keys. Strong encryption keys should be randomly generated using secure algorithms and stored in a secure location to prevent unauthorized access. Keys should be distributed only to authorized users or devices through a secure process to minimize the risk of interception or compromise. In addition, encryption keys should be periodically rotated and replaced to reduce the likelihood of a key being cracked over time.

Another important aspect of encryption key management is key storage and protection. Encryption keys must be securely stored to prevent theft or unauthorized access. Organizations may choose to store keys on secure hardware devices, in secure software repositories, or in the cloud. Regardless of the storage method, encryption keys should be encrypted themselves to add an additional layer of security. Access controls should be implemented to restrict key access to authorized users and prevent unauthorized key usage.

Key lifecycle management is also a critical component of encryption key management. Encryption keys have a lifecycle that includes key generation, distribution, storage, rotation, and disposal. Each stage of the key lifecycle should be carefully managed to ensure the security and integrity of the encryption keys. Key management policies and procedures should be established to govern key lifecycle operations and ensure compliance with regulatory requirements and industry best practices.

In conclusion, encryption key management is a fundamental security practice that organizations must implement to protect their sensitive data. By carefully managing encryption keys through strong key generation and distribution, secure key storage and protection, and proper key lifecycle management, organizations can enhance the security of their data and mitigate the risk of unauthorized access. The investment in encryption key management is essential for organizations seeking to safeguard their data and maintain the trust of their stakeholders in an increasingly digital world.

In Conclusion

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