Security measures are critical for data privacy and network security
By 2025, Gartner predicts more than 95% of new digital workloads will be deployed on cloud-native platforms — up from just 30% in 2021. Despite the rapid transition to the cloud, most companies do not have an adequate cloud security strategy to ensure the safety of data stored in the cloud.
The rapid shift to doing business online and remote work have introduced multiple security and data protection issues. According to a U.S.-based survey, 79% of companies experienced at least one cloud data breach in 2020 or 2021, while 43% of businesses reported more than 10 breaches. If cloud data is compromised, companies risk loss on several levels: revenue, reputation, and business continuity. The average cost of a data breach is $8.64 million in the U.S., and it typically takes 280 days for a company to detect the issue, remediate, and recover from it.