Majority of Mexican, Brazilian IT decision makers say organizations vulnerable to data threats

Vormetric has reported the results of the Mexico and Brazil Edition of the 2016 Vormetric Data Threat Report (DTR), issued in conjunction with analyst firm 451 Research with polling for the report featuring the responses of 1,100 senior IT security executives at large enterprises worldwide, including over 100 each in Mexico and Brazil, the company said.

This edition report findings for Mexico and Brazil about perceptions of threats to data, rates of data breach failures, data security stances and IT security spending plans.

Eighty-seven percent of enterprises in Mexico and 84 percent in Brazil feel vulnerable to data threats, and 65 percent in Mexico and 62 percent in Brazil have experienced a past data breach.

The top external threats identified were attacks by cybercriminals out for financial gain at 31 percent for Mexico and 45 percent for Brazil.

Spending is increasing to offset these threats, with 65 percent in Mexico and 73 percent in Brazil increasing spending to protect data. Spending is increasing fastest on defenses that are no longer completely effective at protecting data.

Report author and senior analyst Garrett Bekker said, “Data breaches were a problem in every region we surveyed. Clearly, IT security leaders in both Mexico and Brazil are worried about data breaches, but are being held back from adding data centric security by a perception of complexity (Mexico 49 percent, Brazil 50 percent) and lack of staff (Mexico 45 percent, Brazil 46 percent), while also increasing spending the most in legacy technologies like network and anti-virus security tools that are not able to ensure the safety of data once attackers compromise networks and systems.”

Vormetric´s data protection platform helps companies move quickly to protect data wherever it resides–any file, database and application, in any server environment. Advanced transparent encryption, powerful access controls and centralized key management let organizations encrypt everything efficiently, with minimal disruption.