By one estimate, 60% of all corporate data is stored in the cloud. Businesses rely on cloud platforms like Slack, Google Drive, GitHub and Confluence to store data, share information, and run smoothly. Unfortunately, hosting all this information in one place provides an appealing target for hackers. Cloud programs are often vulnerable to data hacks, leaks, and insider threats.
Data loss prevention starts with data visibility. Without a clear idea of what data an organization has, where it lives, and how it’s used, data loss prevention (DLP) is essentially an exercise in futility. While the concept of data visibility may seem straightforward, in practice, it’s a challenge. The rise of remote work has led to a proliferation of devices and programs that prevent an IT team from getting a clear picture of where data lives.
Remote work is not going away. Depending on who you ask, experts believe 35% – 65% of the US workforce will continue to work remotely, permanently. Remote work was a trend that began well before the pandemic and will continue to be the preferred way to work for companies and employees alike. However, many companies were unprepared for the speed at which remote work became the preferred office structure. The pandemic forced businesses to adopt new tools and processes virtually overnight.
By design, Salesforce is an environment where customer PII and other sensitive information must be shared and stored. However, compliance regulations like PCI DSS, HIPAA, GDPR, CCPA, and others limit this storage and usage of customer data to only what’s justifiably required for an organization to carry out its duties. Even then, there are requirements for how this data should be stored – like whether it should be encrypted, for example.
On Thursday evening, around 6:25 PM, Uber announced that it was responding to a cybersecurity incident. While Uber hasn’t gone into details about what happened, the purported threat actor has openly corresponded with several security professionals, including Sam Curry at Yuga Labs, Corben Leo at Zellic.io and The New York Times. According to both Curry and Leo, multiple systems were impacted.
Even before the pandemic, many companies had a relaxed approach to the devices employees brought to work. In fact, many businesses had BYOD (bring your own device) policies that allowed team members to work on personal laptops or cell phones. By one account, 75% of employees use their personal cell phones for work. The rise of remote work has only escalated the use of tablets, laptops, and mobile phones for professional use.
Every year, business owners grapple with the same question: how can I keep my data safe? The cost of a data leak can quickly escalate to over $7 million per incident, not to mention the damage to a business’s brand reputation and competitive advantage. And, unfortunately, cyber attacks are getting more sophisticated every year. There are many solutions on the market to help businesses protect their information.
Many organizations are already cashing in on the promise of big data, hailed as the world’s most valuable resource. However, this crude resource requires refining in the form of data hygiene. Data errors and inconsistencies cost companies millions of dollars a year. Businesses that aren’t able to implement the tools, strategies, and training required often find big data to be more of an obstacle than an advantage.
Ransomware and other cyber attacks are getting more expensive every year. IBM’s recent report found that the average cost of a breach increased 2.6% from $4.24 million in 2021 to $4.35 million in 2022 — and the year isn’t over yet. Too often, data breaches are the result of routine lapses.
New funds from WestBridge Capital, Next Play Capital, Bain Capital Ventures, and Venrock will be used for hiring, growth, and expanding product integration San Francisco, Calif. – Nightfall AI, the industry’s leading cloud data loss prevention platform, announced today it has closed $40M in Series B funding.
