As organizations embrace cloud services and are forced to confront changing regulations and data use standards their ability to maintain control of data security frequently becomes strained. The average cost of a data breach is about $3.86 million (per IBM), and most companies pay around $14.82 million per year for noncompliance, including noncompliance with data security policies. Ninety-seven percent of security leaders believe that their employers will either maintain or increase their security budgets this year, according to one recent survey, while 45% say that data security has "significantly" increased for them as a priority.
As organizations embrace cloud services and are forced to confront changing regulations and data use standards their ability to maintain control of data security frequently becomes strained. The average cost of a data breach is about $3.86 million (per IBM), and most companies pay around $14.82 million per year for noncompliance, including noncompliance with data security policies. Ninety-seven percent of security leaders believe that their employers will either maintain or increase their security budgets this year, according to one recent survey, while 45% say that data security has "significantly" increased for them as a priority.