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4-Traders Homepage  >  Equities  >  Nyse  >  Barracuda Networks Inc    CUDA

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Barracuda : Research Confirms U.S. Companies Doubling Down on Public Cloud, Customers' Security Responsibilities Still Unclear

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09/19/2017 | 03:02pm CEST

CAMPBELL, Calif., Sept. 19, 2017 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-enabled security and data protection solutions, today released findings from a new report, "Unlocking the Public Cloud -- Benefits, Strategies, Challenges, and Solutions." Conducted along with research firm Vanson Bourne, the study surveyed 300 IT decision makers from organizations across the U.S. that are currently using public cloud Infrastructure as a Service (IaaS). Respondents included IT professionals across small, medium, and large-sized organizations.

Highlights:

Public cloud adoption is growing at a rapid rate across industries
Respondents currently run 44 percent of their infrastructure in the public cloud, but expect this percentage to nearly double in five years.

Security concerns still prevent widespread cloud adoption
74 percent of respondents state that security concerns restrict their organizations' migration to the public cloud.

The shared responsibility model is misunderstood
77 percent of respondents believe that public cloud providers are responsible for securing customer data in the cloud, and 68 percent of decision makers are under the impression that cloud providers are responsible for securing customer applications as well.

Organizations lack security measures for proper protection
Despite lack of clarity around the shared responsibility model, 30 percent of organizations have not added additional security layers to their public cloud deployments.

"This survey confirms what we are hearing from customers and partners -- security remains a key concern for organizations evaluating public cloud, and there's confusion over where their part of the shared responsibility model begins and ends," said Tim Jefferson, vice president, public cloud, Barracuda. "Many organizations realize that cloud deployments can be inherently more secure than on-premises deployments because cloud providers are collectively investing more into security controls than they could on their own. However, the organizations benefiting most from public cloud are those that understand that their public cloud provider is not responsible for securing data or applications and are augmenting security with support from third-party vendors."

Recommendations

    --  Many organizations often leverage multiple cloud providers alongside an
        on-premises infrastructure, which increases complexity. Customers are
        advised to partner with third-party security vendors who support a wide
        range of ecosystems with similar solutions, preventing added cost and
        complication.
    --  Many organizations weigh cloud licensing options by usage, hourly, or
        unlimited subscriptions, giving them a better understanding of how to
        utilize these options for greater cost control. Customers should partner
        with third parties that offer licensing options that meet their layered
        security needs.
    --  Particularly in multi-cloud and hybrid environments, centralized
        management is critical. Customers should look for vendors that can
        provide a common management scheme--either in their solutions or using
        public cloud security infrastructures to simplify managing and
        monitoring ongoing security.

Barracuda solutions are cloud ready and designed for hybrid deployments. Barracuda's on-premises and cloud solutions work seamlessly together to protect customers' data and applications regardless of where they reside. For more information, please visit our public cloud page.

For access to the full report, please register for the upcoming webinar below.

Resources
Webinar - Unlocking the Public Cloud - New Research and What It Means to You
When - Tuesday, Oct 3, 2017 11:00am - 12:00pm PDT
Barracuda Blog - Barracuda Public Cloud Research: U.S. vs. Global: http://cuda.co/19774
Infographic - U.S. Public Cloud Usage by the Numbers: http://cuda.co/19771
Barracuda on AWS - cuda.co/aws
Barracuda on Azure - cuda.co/azure

About Barracuda Networks, Inc. (NYSE: CUDA)
Barracuda (NYSE: CUDA) simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. For additional information, please visit barracuda.com.

Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the potential benefits, performance, and functionality of Barracuda's products and their operation in cloud environments. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and that could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. Factors that could materially affect the Company's business and financial results include, but are not limited to customer response to the Company's products, as well as those factors set forth in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update the forward-looking information to reflect events that occur or circumstances that exist after the date of this press release.

Contacts
Jesse Kimbrel
Barracuda Networks, Inc.
408-342-5683
[email protected]

View original content with multimedia:http://www.prnewswire.com/news-releases/barracuda-research-confirms-us-companies-doubling-down-on-public-cloud-customers-security-responsibilities-still-unclear-300521836.html

SOURCE Barracuda Networks, Inc.

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