Encryption demand soars as 60% of business data kept on the cloud

The demand for cloud encryption is estimated to increase at a CAGR of 30.9% from 2022-2032. The market valuation is projected to increase by US$ 2.4 Bn by 2022 & US$ 34.8 Bn by 2032.

This is according to Future Markets Insight (FMI), which says organisations are investing in the modernisation of data storage strategy with the adoption of cloud technologies for digital transformation. This is expected to drive growth in the cloud encryption market.

The growing need to...

AWS acquires messaging encryption startup Wickr

A graphic of a padlock surrounded by app symbols.

Amazon Web Services (AWS) has snapped up Wickr, which develops secure, end-to-end encrypted communication technology. 

With Wickr, customers and partners can benefit from advanced security features not available with traditional communications services – across messaging, voice and video calling, file sharing, and collaboration. This gives security conscious enterprises and government agencies the ability to implement important governance and security controls to help them meet...