If you are in business and make use of IT, then the recent PricewaterhouseCoopers (PwC) UK 2015 Information Security Breaches Survey makes for alarming reading.
Data breaches are now almost inevitable, with 90% of large businesses and 74% of small ones reporting at least one. And the cost of those breaches is soaring.
The average cost to a large organization this year is in the range 1.46 to 3.14 million GBP (2.92 to 6.28 million AUD), more than double last year’s figures. For small businesses things are not much better, with the average cost of a breach running at between 75,000 and 311,000 GBP (150,000 to 622,000 AUD). Factor in the reputational damage that often occurs and things can be even worse - 11% of those surveyed had to change the nature of their business as a result of their worst breach.
The survey also suggests that adopting new technology can introduce new risks, with large organizations reporting that 13% of breaches were related to social networking sites, 15% involved mobile devices, and 7% affected their cloud computing services.
But it seems that the benefits of new tech outweigh the costs, as the use of mobile devices and cloud computing in particular, continue to rise. The 2015 Cloud Computing Trends: State of the Cloud Survey indicates that 88% of enterprises are using the public cloud but there is still plenty of scope to increase the cloud workload, with 68% of enterprises currently running less than a fifth of their applications in the cloud.
Against this backdrop it is more important than ever to ensure that your cloud applications - and the underlying identity data they use - are safe and secure. And the best way to do it is to use purpose built cloud identity infrastructure that employs the latest secure identity protocols.
ViewDS develops Cobalt cloud identity components, a set of easy-to-deploy identity and access management components for the cloud. To learn more about Cobalt's security features and how our identity solution can help you secure your cloud applications, contact us today.