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This correlates to a $28 million potential breach recovery cost.Ī separate PricewaterhouseCoopers (PwC) report found that 27% of 3,500 senior executives surveyed have experienced a data breach costing more than $1 million within the past three years. It found 157,000 sensitive records on the public internet, with the majority exposed by SaaS data-sharing features. Most companies’ SaaS data has already been exposedĪccording to a report from Varonis, 81% of organizations had private data leaked from SaaS providers in 2022. There’s no guarantee this will protect you, though-the incidents mentioned earlier illustrate how even well-established SaaS providers aren’t immune to the threat. To stay safe, you need to select providers with a proven track record for security and compliance. With so many services storing terabytes of data, it’s no surprise that attackers are transitioning away from campaigns against individual enterprises to focus on managed SaaS platforms instead. Zylo’s 2022 SaaS Management Index revealed that the average organization spends $65 million per year on subscriptions for 323 separate SaaS applications. SaaS providers are lucrative attack targets because successful infiltration can expose the data of many different organizations, including yours. Incidents in 2022 included attacks against LastPass, Twilio, and Microsoft.

IBM’s report revealed that 45% of all data breaches affect cloud-based services. However, handing your data over to third-party providers makes you dependent on their security. They increase flexibility, can scale indefinitely, and eliminate the maintenance overheads of running on-premise software. SaaS solutions offer compelling benefits to enterprises of all scales.

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In addition, over 60% of all corporate data worldwide already resides in cloud platforms and hosted software services, according to research from Statista. Data breaches and SaaS-hosted dataĪ 2021 Gartner report found that 85% of organizations will operate on a cloud-first principle by 2025.

#Rewind time how to#

But what happens when cloud-hosted software-as-a-service (SaaS) platforms are targeted? In this article, you’ll learn how to manage and mitigate this risk. Most organizations think of data breaches as the product of direct attacks against their own systems. But the most costly vector is actually one of the least technical: phishing campaigns, which can propel the cost of restoration up to $4.91 million. Criminals can compromise email servers to steal sensitive information-typically producing a $4.89 million recovery bill, according to IBM-or exploit vulnerabilities in third-party software dependencies deep in your stack, with IBM reporting a $4.55 million loss. In addition, breaches can be preceded by several different threat vectors. Specific regions and industries can be hit even harder, with US breaches exceeding $9.4 million per incident in 2022, while attacks against healthcare providers averaged $10.1 million. IBM’s 2022 Cost of a Data Breach report found that recovering from an incident now costs an average of $4.35 million globally, up from $4.24 million in 2021 and $3.86 million in 2020, a 12.5% increase in just two years.

Threats are getting more sophisticated daily, and individual data breaches are becoming costlier yearly. They have lasting reputational, regulatory, and financial penalties, even when the company has implemented robust defenses to reduce the probability of data loss.

The Time Crystal has limited uses but you can use it to try out different strategies on the fly.Data breaches can quickly ruin a business. Use the Time Crystal to place your unit in the perfect and advantageous position.

Rewinding is helpful when you have made a mistake like putting your unit in a vulnerable position.