With cyberattacks on the rise, in addition to a growing body of global privacy regulations, corporations are increasingly looking to encryption technologies to protect their most sensitive data. According to a Ponemon Institute study on 2021 Global Encryption Trends, 50% of respondents indicated that their company had an encryption plan or strategy that was applied consistently across the enterprise as of fiscal year 2021, up from just 37% in FY2015. In that same study, 60% of those surveyed said that their organizations were transferring sensitive and/or confidential data to the cloud.