January 31, 2021

Two-thirds of IT decision-makers in Ireland feel vulnerable to data breaches due to remote working

While findings from Equinix survey highlight elevated threat perception around data breaches, enterprise agility is on full display with expedited IT strategies

DUBLIN, Ireland – January 31 2021  Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company, today unveiled new findings from a survey, which found that two-thirds of IT decision-makers in Ireland feel more susceptible to data breaches due to the IT strain associated with pandemic-driven remote working.

The independent study, commissioned by Equinix, surveyed 127 senior IT decision-makers in Ireland, illustrating the prevailing sentiments pertaining to the security challenges linked to remote working for businesses nationwide.

The survey found that on average, organisations have invested an additional €556,916 in their IT infrastructure in order to maintain secure and efficient operations during the pandemic. The majority (71%) of IT professionals in Ireland reported their organisation has had to increase IT security due to the rapid shift towards remote working, precipitated by the pandemic.

The findings also show how a heightened sense of trepidation around data security is informing the decision making of IT leaders, with almost half (48%) of companies surveyed in Ireland planning to invest more in data security in the future, as a result of COVID-19.

According to the Global Interconnection Index (GXI) Volume 4—a market study published by Equinix in October—distributed denial-of-service (DDoS) attacks have grown by more than 270% year-over-year, while 30% of companies are being challenged by thousands of insecure devices connecting daily and without IT oversight. As a means of enabling businesses to privately, securely, and seamlessly interconnect with a high concentration of the world’s major cloud providers, as well as with their own distributed infrastructure, Equinix Fabric™ helps enterprises deploy a bespoke, cloud-first strategy tailored to their evolving business requirements.

Additional findings from the survey highlight that:

  • More than a quarter (27%) of respondents are worried that their company or employees have breached GDPR regulations as a result of remote working arrangements.
  • 52% of enterprises in Ireland are planning to invest more in cloud and data centre services to support remote working.
  • Almost two-thirds (63%) of those surveyed report that COVID-19 has triggered greater executive-level awareness of, and engagement with, IT strategies.

Equinix’s survey demonstrates how the central role of digital technology in helping businesses to survive and thrive throughout COVID-19 has underlined the strategic importance of the IT department. And according to analysis from David Cappuccio, Distinguished VP Analyst, Gartner, and Henrique Cecci, Senior Director Analyst, Gartner1: “By 2025, 85% of infrastructure strategies will integrate on-premises, colocation, cloud and edge delivery options, compared with 20% in 2020”. In line with this forecast, Equinix has dramatically expanded the size of the digital ecosystem accessible to Equinix Fabric customers, by launching a new capability that allows users to connect to any other customer on Platform Equinix®. With this innovation, Equinix Fabric customers can expand their interconnection reach by more than 3x with the ability to connect to the more than 10,000 clouds, networks, partners, customers, and rich ecosystems, currently available on Platform Equinix.

Highlights/Key Facts

  • To facilitate the rise of flexible working in Ireland, Equinix partner, AirSpeed Telecom, now provides Equinix Fabric as ‘AirSpeed Cloud Connectivity’.
    • It offers businesses across Ireland fast, secure and reliable connectivity, to streamline cloud migration and increase business performance.
    • Direct and private connectivity to strategic cloud service providers is essential, as digital transformation fuels a higher demand for localised digital services at the edge. According to the Global Interconnection Index (GXI) Volume 4.
    • Interconnecting to multiple cloud & IT providers across multiple locations and cloud regions, represents the fastest growing use case of interconnection bandwidth, which is predicted to grow to 16% of ecosystem demand by 2023.
    • As a “pay-as-you-go” service, Equinix Fabric enables organisations to support the increased movement of remote users collaborating in real time and at no capital cost. It provides scalability, agility and connectivity over a self-service portal or APIs, and is now available in 49 locations across five continents, having recently expanded into seven new EMEA markets.

Quotes

  • Maurice Mortell, Managing Director, Ireland, Equinix:
    “While the transition towards remote working has been broadly welcomed by employees, and in most cases facilitated successfully by employers, industries are still experiencing teething problems when it comes to managing a remote workforce.

    In the GDPR-defined compliance era, companies have had to adjust to tightening regulatory constraints, and have become increasingly cognisant of the implications of data breaches from a financial, reputational and regulatory standpoint. However, the sudden urgency to enable remote working this year has left many businesses feeling susceptible to data breaches.

    Thankfully, the adoption of secure, multicloud solutions can now be executed in a swift and seamless manner, providing a much-needed degree of assurance pertaining to data security. At the same time, private cloud connections can help enterprises navigate the ever-evolving data privacy landscape with a newfound sense of clarity and confidence.”

1 Gartner, “Your Data Center May Not Be Dead, but It’s Morphing,” September 17, 2020

Additional Resources

About the Equinix independent survey
This survey was commissioned by Equinix and carried out by TechPro in June-July 2020, among 127 senior IT professionals and decision-makers from businesses based in Ireland.

About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today’s businesses to access all the right places, partners, and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences, and multiply their value.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; a failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Media Contact
Lorcan Byrne
Comit (For Equinix)
+353 830154480
lorcan@comit.ie

Jess Sullivan (EMEA)
+44 7876 712861
Jess.Sullivan@eu.equinix.com