This does not mean that security is no longer a key issue for executives. Of the possible security concerns, data loss and privacy risks were cited the most often by respondents, while general security risks and risk of intellectual property theft were only somewhat less frequently identified.
Confidence in security grows
Greg Bell, Principal, KPMG in the US and a contributing author to the report noted that while the data shows that security-related concerns are still top of mind, the real story underlying these findings is that organizations are quickly gaining more confidence in the security of their cloud services providers.
According to this survey, concerns related to security do not seem to be slowing cloud adoption. In fact, more than a third of respondents suggest that their organizations will adopt cloud within the next 18 months in areas such as sourcing and procurement; supply chain and logistics; finance, accounting and financial management; business intelligence and analytics; and tax.
- Greg Bell, KPMG in the US