DigiCert-sponsored study finds PKI investments improve security and modernize business processes
We’ve released new research by IDC showing that the number of businesses using PKI as part of their broader security programs, beyond TLS for websites, has more than doubled in the last decade, to 65% in 2018. The IDC Data Services for Hybrid Cloud Survey, which includes interviews with more than 400 chief information security officers (CISOs), security architects, IT security and data management specialists in Europe and North America, shows that PKI is increasingly viewed by security leaders as essential in securing digital transformation initiatives across a variety of business use cases. As PKI deployments grow, proper management of digital certificates is critical. IDC research found that the average cost of downtime industrywide is $250,000 per hour, and one unmanaged digital certificate that expires can hurt the bottom line.“PKI, if properly deployed and managed, is one of the most powerful tools organizations can use to avoid costly and reputation-damaging data breaches,” states Rob Westervelt, Research Director, Security Products at IDC. “Our research found a growing number of organizations are revisiting their encryption and key management strategy to gain situational awareness, and in turn bolster their security postures.”
According to the study, today’s business processes can be supported by PKI to increase automation, reduce friction, and streamline the processing of digital information and electronic transactions. Security teams use PKI as an essential element in addressing new data privacy and data security regulations. PKI serves as an enabler of new business projects designed to improve customer satisfaction by allowing customers to securely conduct sensitive transactions from the comfort of their homes.
The growing use of cloud services is increasing attack surfaces and allowing hackers to seize on weaknesses associated with IT infrastructure complexity and configuration issues. In addition to reputation damage, direct costs and regulatory sanctions, cyberattacks can result in unplanned downtime, loss of competitive trade secrets and permanent data loss. Among those surveyed, 37% called the complexity of security solutions one of the top three greatest threats their organization is facing in the next two years. CISOs agree, however, that streamlined PKI implementations minimize complexity and that managed PKI services can reduce overhead and costs, freeing up security teams to work on other pressing matters.
Here at DigiCert, we understand the importance of PKI for scalable security within enterprises and are continually working to simplify certificate management for our customers through automation and other features that eliminate the pain points and potential for error.
PKI is the backbone for many organizations that value cybersecurity resiliency, enabling them to automate the process of enforcing data security policies and procedures using digital certificates and public-key encryption. PKI establishes validated and trusted connections between systems while providing unhindered user access to sensitive resources. DigiCert has built a robust PKI platform to help organizations secure all of their connection points and data traversing their networks with scalable digital certificate deployment and management.
Organizations reported using digital certificates and PKI to support a variety of functions, including:
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For more on these use cases and additional findings from the IDC White Paper, sponsored by DigiCert Inc., PKI Investments Help Organizations Improve Security and Modernize Business Processes, Study Finds, August 2019, click here.