Even as organizations rush to take advantage of the increased efficiencies of the cloud, data security remains a top concern among IT executives and rightfully so. According to a recent survey conducted by the Ponemon Institute, the median annualized cost of cyber crime to organizations continues to climb from nearly $3.8M in 2010 to nearly $6.2 in 2012.
High profile hacking and government snooping cases have also called into question the trustworthiness of cloud solutions with little or no encryption. We see a growing demand for hardware encrypted cloud storage which literally puts the encryption keys in the hands of the owners.