Forbes reported a 5000% increase in global data consumption from 1.2 trillion gigabytes to 50 trillion gigabytes between 2010 and 2020. This growth trend indicates a need for businesses to prepare for the future by enhancing their data security measures to avoid potential cyber threats and breaches. Organizations must adapt to the evolving landscape of Cyber-Attacks by exploring innovative security solutions beyond conventional defences.
IBM’s Cost of Data Breach 2022 Report shows a 13% increase in global data breach costs since 2020, with the USA’s cost reaching USD 9.44 million in 2022, surpassing the global average by USD 5.09 million.
The report also highlights that 45% of all data breaches globally occurred in the cloud, and businesses with a hybrid cloud model had lower average data breach costs compared to those without one.
This emphasizes the importance of a secure, cloud-based network security model in safeguarding an organization’s data from threats.
Cloud network security offers substantial advantages for businesses to utilize in the fight against threats. These advantages encompass:
- Improved security visibility streamlines threat prevention, monitoring, and reporting in cloud environments.
- Cutting-edge threat prevention systems offer enterprise-level protection against modern and sophisticated threats.
- Effortless policy enforcement achieved through integration of on-premises security infrastructure with cloud-based security in diverse work environments.
Research shows that organizations utilizing AI, automation, incident response teams, and zero-trust architecture save significant amounts of money and time in breach response. Implementing Extended Detection and Response (XDR) technologies can further enhance cybersecurity measures and reduce response time.
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