Many companies are still hesitant to adopt cloud storage solutions, despite all the excitement surrounding cloud storage and services. After all, sending confidential firm information outside of your firewall is dangerous. Almost all cloud service providers will assist you both during regular business operations and after a crisis to get you back on your feet.
However, there is always the possibility that a dishonest partner will take advantage of your loyalty by buying or selling access to your personal information. When using the cloud, there are various ways to protect the data of your business. A few of the choices are hosted document-folder-level policies, user authentication, and encryption; however, not all service providers enable all security features.
Unstructured data, such as documents or emails, remain particularly vulnerable to exploitation even with these safeguards in place because anyone with access can read them, regardless of whether they have clearance or not. A third-party Cloud Data Loss Prevention (DLP) solution is necessary if you wish to safeguard sensitive data kept in the cloud for a number of reasons.
Why Is Preventing Cloud Data Loss Important?
Solutions for cloud-based data loss prevention (DLP) are a crucial component of every company’s security plan. These technologies can shield your business against malicious use by unauthorised people as well as data leaks brought by staff accidentally disclosing private information.
DLP’s primary objective is to stop the unintended leaking of sensitive information. Many different things could lead to this. When staff members attempt to send sensitive information to the incorrect person, to locations where it is not permitted, or without any protection at all, DLP can catch them.
DLP enables you to find sensitive data that your employees unintentionally exposed to the public. DLP can also reveal who has accessed your critical information without authorization.
The Only Practical Method for Securing the Cloud is Cloud DLP
Cloud storage services and providers come in a wide variety, but not all of them offer the same level of security. While some companies merely offer encryption at rest, others offer absolutely no encryption at all. With some carriers, you might be allowed to use encryption in transit, but even this isn’t guaranteed.
It’s hard to choose a single technology that can provide comprehensive protection for all cloud storage providers given the enormous range of them. Attempting to choose a single DLP product for usage across all cloud services is therefore useless. Utilizing a cloud DLP product will give you complete protection against data breaches because it can interface with all the cloud storage providers you employ.
The Value of Cloud Storage Data Loss Prevention
Data leaks and other dangers that could harm your company’s operations can be found, stopped, and recovered from with the use of data loss prevention (DLP) technologies. Identification of sensitive material, limiting improper access to it, and recovering from unintentional data leaks are the three key facets of DLP.
When using cloud storage services, it is crucial to protect your data. A ransomware attack or an unintentional data breach may not be fatal to your firm, but only if it doesn’t occur frequently. The financial loss caused by a data breach may be catastrophic.
The average cost of a data breach in the US is $3.62 million, according to the Ponemon Institute. You can get a basic idea of how expensive data breaches may be from these estimates, which vary based on the type of data breach and the industry.
3 Major Lessons
A key component of safeguarding your sensitive corporate data is data loss prevention. Even when using cloud storage providers, you may identify and safeguard important data with the aid of a data loss prevention system. Additionally, a data loss protection solution might aid in your data breach recovery.
Now that you are aware of the significance of data loss prevention, you are prepared to choose the ideal DLP system for your company. Make sure the system you choose has thorough support for the cloud services that your business use.