IT security professionals around the globe believe the system of trust established by cryptographic keys and digital certificates, as well as the security of trillions of dollars of the world’s economy, is at the breaking point.
For the first time, half of the more than 2,300 IT security professionals surveyed by The Ponemon Institute now believe the technology behind the trust their business requires to operate is in jeopardy. 100% of organizations surveyed had responded to multiple attacks on keys and certificates over the last two years.
Research reveals that over the next two years, the risk facing every Global 5000 enterprise from attacks on keys and certificates is at least $53 million USD, an increase of 51 percent from 2013. For four years running, 100 percent of the companies surveyed said they had responded to multiple attacks on keys and certificates, and vulnerabilities have taken their toll.
“The overwhelming theme in this year’s report is that online trust is at the breaking point.