Entrust study by Ponemon Institute highlights cybersecurity challenges organizations face today. For the second consecutive year, IT professionals rank protecting customer information as the top driver for deploying encryption technologies. Financial records (55%), payment-related data (55%) and employee/HR data (48%) all outranked customer personal information (42%) Compliance (45%) and intellectual property (49%) all rank higher than encryption use. Encryption key generation and management can be more effectively managed with the use of hardware security modules (HSMs), and their adoption is growing.
Source: https://www.helpnetsecurity.com/2021/04/20/consumer-data-protection/