As businesses adopt cloud-based services, there’s a danger that security may not be getting the attention it deserves, according to a study conducted by IDG Research for RSA Security.

Sixteen percent of those polled are planning to start migrating some aspects of their operations, be it enterprise apps or business processes, to the cloud within the next 12 months. Alarmingly, two -thirds of those admit to lacking a cloud computing security strategy.

Word of advice: There’s still time, do it! You’ll see why in the next paragraph…

Over 70 percent of the 100 security execs at so-called these hyper-extended enterprises (or so to be) with revenues of $1 billion surveyed said they had a “security incident” in the last 18 months. Even more troubling is that economic factors might be a contributing factor. Citing “pressure to cut costs and drive revenue,” over 80 percent are concerned that their exposure to security risks has increased.

The report, “As Hyper-extended Enterprises Grow, So Do Security Risks” (PDF) is available for download at the RSA website.