Mimecast recently announced the results of its second annual Mimecast Cloud Barometer Survey, conducted by Loudhouse Research, which finds that 74 percent of IT departments surveyed say there's a trade-off between cost and IT security, and 62 percent say there's always a risk in storing data on servers outside the business.

"The research shows that there is a clear divide within the IT industry on the issue of cloud computing," says company CEO and co-founder Peter Bauer. "While those organizations that have embraced cloud services are clearly reaping the rewards, there are still a number who are put off by the 'cloud myths' around data security and the cost of replacing legacy IT."

Click here to access the Mimecast report.