Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The cyber insurance market has experienced dramatic changes over the past couple of years – including large payouts from ransomware attacks and the shift to hybrid/remote work – which has had a substantial impact on premiums. According to Egnyte’s recent Cybersecurity Trends for Mid-Sized Organizations Report, 47% of organizations have experienced premium increases of 76% or more in the past year.

This month, we’re excited to announce the release of the Egnyte Document Room solution in beta, various improvements to Egnyte for Life Sciences' Controlled Document Management application, updates to the Egnyte Android app, and more.

Since March 2020, cloud adoption has accelerated at an unprecedented rate and across every industry. With the pandemic ushering in the work-from-home era, the ability of organizations to collaborate remotely has become paramount, placing a higher-than-ever premium on cloud technology.

In hybrid or remote desktop environments, content is the most exposed type of data. Egnyte’s all-in-one platform makes it simple and easy for IT to manage and control a full spectrum of content risks, including accidental data deletion, data exfiltration, privacy compliance, and much more. All while giving business users the tools they need to work faster and smarter—from any cloud, any device, anywhere.

Cyber threats are ubiquitous these days, and companies are scrambling to find better ways to protect themselves. But in the world of cybersecurity, not all data is equal, which begs the question: What data should I protect? For instance, it’s one thing to protect routine customer orders, but credit card numbers deserve extra protection. Likewise, access to sensitive financial information related to mergers, acquisitions, or IPOs needs to be limited to a small group of people.

It is not uncommon on the job site to find project teams using a variety of disparate applications to access, share and collaborate on documents - each with their own storage, permissions and controls. This makes it very challenging to manage that project information, as it flows in and out of teams, and across different software platforms.