SOURCE: Vormetric

December 05, 2006 15:30 ET

Oracle OpenWorld Attendees Voice Heightened Concerns Over Data Security and Compliance

SANTA CLARA, CA -- (MARKET WIRE) -- December 5, 2006 -- Vormetric, a leading provider of security solutions for protecting sensitive data from unauthorized access, announced today that a survey of over 500 attendees at Oracle OpenWorld 2006 in San Francisco pointed to heightened concerns over data security and compliance.

Oracle OpenWorld was held October 22nd through 25th in San Francisco, CA. As an Oracle Partner and exhibitor within Oracle's Secured Enterprise Pavilion, Vormetric surveyed over 500 OpenWorld attendees. Survey questions included: "What drives you to secure sensitive data?" and "What compliance regulations are you currently working towards?"

According to the survey respondents, the majority of threats to data security come from internal sources (63%) vs external sources (37%) and compliance is a very large driver for data protection. 67% of survey respondents answered that auditors and state laws like California's SB1386 drove their data protection initiatives. As might be expected from an Oracle event, survey respondents also said that the majority of their sensitive data resided in databases and back up tapes.

The survey results also highlight a rise in the interest in data protection and specifically encryption technology from the previous year. Over 63% had interest in encryption vs 45% in 2005. Of that percentage, compliance initiatives seemed to be a big driver as the need to protect data for SOX, HIPAA and the PCI DSS (Payment Card Industry Data Security Standards -- Visa, MasterCard, AMEX, etc.) continues to grow. Another data protection driver seems to be the press. Many respondents said that "staying out of the press" and "protecting brand reputation" were important factors in considering security technologies, a likely result of the 34+ state privacy laws (such as California's SB1386) requiring a company to notify the public of a data breach if the data lost was not encrypted.

"IT Professionals, Oracle DBAs and keepers of sensitive data like cardholder data or employee social security numbers find themselves and their companies responsible for the care and safety of data," said Tom Grubb, Vice President of Marketing, Vormetric. "If they don't protect their data or comply with the latest compliance initiatives, they might find themselves in the Wall Street Journal as part of the latest data breach news or worse than that, in the middle of an FTC inquiry. Compliance and data protection are definitely driving forces in data security."

Vormetric is a current member of the Oracle® PartnerNetwork and was one of just eight companies announced by Oracle in April 2006 as part of Oracle's Database Vault Initiative.

About Vormetric

Vormetric is a leading provider of solutions for protecting enterprise information from unauthorized access or theft. The company's CoreGuard system is a single, scalable and manageable system for data privacy and protection that enables businesses and government agencies to control who, what, when, where and how people can access sensitive information. CoreGuard protects intellectual property and enables enterprises to comply with increasingly strict data privacy and system integrity regulations. Founded in 2001, Vormetric is a privately held company with headquarters in Santa Clara, California. More information is available at www.vormetric.com

Vormetric, the Vormetric logo, CoreGuard and MetaClear are trademarks of Vormetric Inc. All other trademarks are the property of their respective owners.

Contact Information

  • PR Contacts:

    Vormetric
    Terry Hunt
    Director, Marketing Programs
    408 202 3799
    Email: Email Contact