Do I really need a cloud security tool for my business?
Before purchasing any tool, as an organisation, we always like to ensure that we ABSOLUTELY need it. After all, that’s one of the main pillars of making wise investments.
However, security remains the number one concern for organisations working (or considering working) in cloud-first environments. Why? One simple reason is because of the dynamic and extensive nature of cloud data security, which fundamentally differs from on-premise data security.
An unsecured cloud environment is a TOP business hazard that can cost much more than the price of any cloud security tool.
Today we’ll help you understand some of the common day-to-day threats a reliable cloud security tool protects you against so that you can make another informed decision for your business.
Successful Malicious Cyber Attacks:
According to Hiscox’s 2019 Cyber Readiness Report ‘the average’ cost of a successful cyber attack has soared to $200,000 per single incident.
That’s just the average cost ‘per incident’, now let’s factor in University of Maryland’s finding; Hackers attack every 39 seconds, on average 2,244 times a day. Now you get the complete picture.
That’s why if we dig deeper into cloud security, we’ll find that the most chilling security breaches that make it to news headlines usually come from malicious outsider attacks.
A robust cloud security tool is both your best radar and weapon to detect and halt these ever-present attacks.
Lost or Stolen Valuable Data
Your company’s data and resources are one of its most valuable assets, right? Now when you store such valuable assets in the cloud you need to make sure they’re 100% protected from common risks like theft and loss.
Data Loss Prevention (DLP) failure and data theft incidents are shockingly common in today’s hyper-connected cloud world. Every day we see them happen in many ways, bringing even the mightiest businesses to a crippling halt.
A powerful cloud security tool works as a fortified DLP ‘safe’ with a titanium lock and a security alarm. It protects your databases and resources 24/7 from damage, loss, theft or hijacking.
Hacked Authentication Credentials
Earlier this year, Google issued an urgent warning explaining that billions of username and password combinations have been hacked, sparking a major security scare for organisations worldwide.
This only reflects how Zero-trust authentication tools offer the strongest protection against unauthorized access for all your cloud-based operations.
Comprehensive cloud security tools like GAT’s ActiveID take the authentication process literally to users’ fingertips. ActiveID continuously monitors users’ typing style to actively verify their identities for all cloud based applications — at all times.
Uncontrolled Insider Security Incidents
According to Verizon’s 2019 Data Breach Investigation Report, 34% of data breaches involved internal actors.
You can train your employees on the best data security practices and policies, yet that doesn’t totally eliminate the possibility of negligence or insider incidents happening.
24/7 Access to cloud data and resources by everyone in your company is great when it comes to ease of collaboration. However, things like accidental deletion of important data or insider security attacks can always happen.
A comprehensive cloud security tool like GAT+ enables you to control and audit everything happening in your domain. You can set file-sharing policies, review suspicious activities as well as to detect and halt insider data breach threats in their tracks.
Data Compliance Breach
According to RiskBased, Data breaches exposed 4.1 billion records in the first half of 2019 alone.
Every company today operates under some sort of Data Protection Policy. Unauthorized disclosure of personal information like email accounts, Social Security numbers, and credit card information can have catastrophic after-effects on revenue and reputation that go on for years.
Additionally, penalties accompanying data compliance breaches or violations are extremely costly. In fact, GDPR fines totaled $63 million in its first year alone.
A strong cloud security tool goes a long way in helping you enforce Data compliance throughout your organization and apply robust breach containment measures RIGHT AWAY.
Cloud Security tools like GAT Shield for instance provide powerful real-time DLP alerting for all chrome activities and shared out Drive files. This enables you to take immediate action and effectively address unauthorized exposures of sensitive data.
Loss of Customer Trust
All of the above risks can (and always) lead to critical data violations, which of course leads to reputation damage, loss of customer trust and sometimes even pricey lawsuits — the last thing any company needs.
Finally, based on the above numbers alone, it’s safe to say that investing in a powerful and comprehensive cloud security tool is vital to protect every other aspect of your business’s endeavours and efforts.