Data Breach: The Cloud Multiplier Effect

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We asked the Ponemon Institute, a foremost expert in data breach research, to conduct a study to estimate the financial cost of a cloud data breach. The study, a first-of-its-kind report called “Data Breach: The Cloud Multiplier Effect.”, is based on a survey of 613 IT and security professionals.

Here are some of the highlights from the report:

  • Increasing use of cloud services can increase the probability of a $20 million data breach by as much as 3x
  • 36 percent of business-critical applications are housed in the cloud, yet IT isn’t aware of nearly half of them
  • 30 percent of business information is stored in the cloud, yet 35 percent of it isn’t visible to IT