“The report shows that while there are many enterprise-ready apps available today, the uncertainty from risky apps is stealing the show for IT and security professionals. That’s what enterprise IT folks are coming to grips with and they’ve started to recognize the need to align their security programs to account for it,” Sanjay Beri, Netskope’s CEO and founder, said in a prepared statement. Imagine then if the probability of that data breach were to triple simply because you increased your use of the cloud. “With a $201 price tag for every record lost, the cost of a data breach of just 100,000 records is $20 million.
Respondents estimated 36 percent of business critical applications are based in the cloud, yet IT lacks visibility into nearly half of those.
Respondents said they believed 45 percent of all software applications used by organizations are in the cloud, but exactly half (22.5 percent) of these applications are not visible to IT. Respondents estimated every 1 percent increase in the use of cloud services will result in a 3 percent higher probability of a data breach.Ħ9 percent of respondents said they believed that their organization is not proactive in assessing information that is too sensitive to be stored in the cloud.Ħ2 percent of respondents said they believed the cloud services in use by their organizations are not thoroughly vetted for security before deployment.ħ2 percent of respondents said they believed their cloud services provider (CSP) would not notify them immediately if they had a data breach involving the loss or theft of their intellectual property or business confidential information, and 71 percent said they believed they would not receive immediate notification following a breach involving the loss or theft of customer data. Other study findings included the following: Many study respondents believed their high-value IP and customer data became less less secure as cloud service usage increased, Netskope said. Researchers noted that the probability of data breaches appears to be increasing in today’s IT environment. The study, “ Data Breach: The Cloud Multiplier Effect,” provides details about the cost of a data breach and shows that the scope of usage and responsibility for securing cloud services remains largely unknown among IT professionals. A new study from Netskope and Ponemon Institute has revealed that IT and security professionals are expecting cloud services to increase the likelihood and economic impact of data breaches.