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Results also Demonstrate that by Getting Ahead of Risk and
Protecting Data in the Cloud, Companies are More Likely to Experience
Benefits that Drive Business Acceleration

Key Findings:

  • Eighty-seven percent of companies experience business acceleration
    from their use of cloud services.
  • The majority (52 percent) of organizations experience better security
    in the cloud than on-premise IT environments.
  • Organizations are over 35 percent more likely to launch new products,
    speed time to market, and expand to new markets when they use a Cloud
    Access Security Broker (CASB) to protect their data in the cloud.

SANTA CLARA, Calif.–(BUSINESS WIRE)–McAfee, the device-to-cloud cybersecurity company, today released a
special edition of its Cloud
and Risk Adoption Report
, focused on the business impact of cloud
services and how organizations around the world are addressing security
gaps to accelerate their businesses with the cloud. Cloud services are
the most significant advance in IT since the introduction of the
internet itself, and most organizations today benefit from the
collaboration, scalability and cost-effectiveness enabled by the use of
cloud services. With an increasing amount of sensitive data stored in
the cloud, organizations are also finding challenges in managing their
risk, which holds back many organizations from realizing their full
potential.

McAfee surveyed 1,000 enterprise organizations worldwide and combined
results with insights from billions of anonymized cloud events seen
every month by McAfee’s CASB, MVISION Cloud. The results demonstrate
that a wide range of organizations accelerate their business from the
use of cloud services. However, there is a striking divide between
organizations who have addressed their shared responsibility for
protecting data in the cloud, and those who have not – organizations
were over 35 percent more likely to launch new products, speed time to
market, and expand to new markets with the cloud when proactively
addressing security of their data in the cloud through the use of a CASB.

This edition of the McAfee Cloud Adoption and Risk Report also reveals
the following:

  • Most sensitive data is under the IT team’s control: Results
    showed that 65 percent of enterprise data lives in collaboration and
    business software-as-a-service (SaaS) applications, 25 percent in
    infrastructure-as-a-service (IaaS), and only 10 percent in “Shadow IT”
    unknown to the IT department. IT teams are subscribing to these cloud
    applications themselves, effectively fulfilling many employee needs
    that were previously unmet or were met through the use of “Shadow IT”.
  • Gap between secure enablement and cloud adoption: Only 36
    percent of organizations said they could enforce data loss prevention
    in the cloud, and only 33 percent could control the collaboration
    settings that determine how their data is shared. In the case of IaaS,
    only 26 percent said they could audit configuration settings, widening
    the gap between risky and secure cloud adoption.
  • A minority of organizations experiencing the full potential of
    business acceleration:
    Although the likelihood of launching new
    products, speeding time to market and expanding to new markets is
    higher when a CASB is part of their cloud security strategy, only one
    in three companies surveyed are currently using one.

“This research shines a light on organizations who are leading the
charge in cloud adoption, prioritizing the security of their data as
they roll out new cloud services and winning in the market because of
the actions they are taking,” said Rajiv Gupta, senior vice president,
Cloud Security, McAfee. “Organizations often tell us how much faster
their business moves when security is addressed in the cloud and it is
exciting for us now to quantify this experience and share our data and
recommendations with the rest of the market.”

Organizations who want to learn how they can protect enterprise data
wherever it resides can tune in to today’s livestreamed MVISION Briefing
at 10 a.m. PT titled, “Cloud
Security: New Risks, New Rules.”
Attendees will have the chance to
hear directly from McAfee partners and customers on how they have
successfully put a strategy into action to make cloud the most secure
environment for their business. There will also be a replay available
for those unable to attend the live session.

Additional Resources:

About McAfee

McAfee is the device-to-cloud cybersecurity company. Inspired by the
power of working together, McAfee creates business and consumer
solutions that make our world a safer place. www.mcafee.com.

McAfee® and the McAfee logo are trademarks of McAfee, LLC or its
subsidiaries in the United States and other countries. Other marks and
brands may be claimed as the property of others.

Contacts

Tracy Holden, McAfee
[email protected]