Skyhigh

The Cloud Balancing Act for IT: Between Promise and Peril

Survey of IT leaders uncovers cloud opportunities and risks

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Based on the Cloud Security Alliance's survey of over 200 IT and security professionals across industries worldwide, this report examines how organizations are managing cloud adoption and risk.

Key findings include:

  • 24.6% of companies would be willing to pay a ransom to hackers to prevent a cyber attack and 14.0% would pay more than $1 million 

  • The top barrier to stopping data loss in the cloud is a lack of skilled security professionals – is security analyst the next hot job opportunity? 

  • Customer relationship management (CRM) is the most widely used cloud-based system of record today, but companies have plans to move other systems to the cloud 

  • Cloud confidence rising: 64.9% of IT leaders think the cloud is as secure or more secure than on-premises software 

  • CISOs play an important role in security – having one makes a company more likely to take steps to prepare for a cyber attack