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Cloud services allow organizations to increase productivity and reduce costs. But for organizations in banking, insurance and other financial services, that productivity can entail new risks: you are still responsible for maintaining regulatory compliance and protecting customer data — as well as your own proprietary information — when you outsource functions like data storage to cloud services.
Cloud access security brokers (CASBs) enable organizations to extend their information protection policies and programs from on-premises infrastructure and applications to cloud services.