Posted by aionol | 02 NOV 2017

The Costs of Security Breaches and How to Avoid Them

One of the major concerns of businesses migrating to the cloud is that of security, and for good reason. A security breach is expensive. The Costs of Security Threats in the Cloud Currently, most companies pay over 85% of their security IT budget on perimeter protection. However, this might not be the safest bet. Once […]

One of the major concerns of businesses migrating to the cloud is that of security, and for good reason. A security breach is expensive.

The Costs of Security Threats in the Cloud

Currently, most companies pay over 85% of their security IT budget on perimeter protection. However, this might not be the safest bet. Once the malware has breached the firewall of the security perimeter, it is easy to find open entry points.

This kind of data security breach has happened over and over again recently: from Target, Home Depot and Sony, to Equifax and Yahoo, victims are paying the price.

Direct costs evolve around the remediation necessary to avoid such attacks in the future. The staff and equipment costs are substantial. But the indirect costs really is what hurts the company.

Losing control over the security of the data of your business involves substantial legal costs, coupled with the increased costs related to PR and branding, in order to gain back the trust of customers. As a result, a security breach can mean considerable losses of market share to the competition.

The Costs of Security Breaches and How to Avoid Them

The Costs of Security Breaches and How to Avoid Them

How to Avoid Security Breaches

So how can you switch to the cloud, reap the benefits of this technology, but make sure your business remains unharmed by cyber attacks?

The answer is really quite simple: Find the best provider of cloud solution services. Switching to the cloud means outsourcing your data management, infrastructure and applications to a third party. You want to make sure they safeguard your data as if it was their own.

You find the right provider by comparing their offerings, and understanding the features of tools that reduce costs and improve security.

The Costs of Security Breaches and How to Avoid Them

How to Avoid Security Breaches

A Security and Threat Management (STM) Solution that lets you sleep at night

Iono STEM is the next generation SIEM solution that provides comprehensive security. It protects the often neglected, ‘soft inner core’, and can be installed complementary to traditional security software including the perimeter firewall and end-user protection software such as anti-virus and anti-malware.

Take action before facing the costs of a security breach.

Click here for a solution that gives the highest priority to the safety of your data in the cloud.

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