Enterprise use of encryption saw the largest increase over the past year in over a decade, according to a report released today by the Ponemon Institute.
But encryption technology spending as percent of total IT security budgets has gone down, said John Grimm, senior director of security strategy at Thales e-Security, which sponsored the report.
In 2005, the first year of the report, only 16 percent of enterprises were using encryption extensively. The percentage increased gradually to 34 percent last year, then jumped to 41 percent this year.
According to Grimm, encryption is now built into many tools, so enterprises don’t have to buy it separately. In addition, competition and advances in technology has lowered prices for stand-alone products.