Why Cloud Storage Is Essential for Your Business
Businesses generate and store more data each year, and the recent wave of cyberattacks gripping the country highlights how valuable this information is—not only to businesses but also to cybercriminals.
As businesses scramble to avoid becoming the next victim of a data breach, leak, or ransomware attack, owners and managers are weighing their options for data storage.
With traditional physical storage, conventional cloud apps, and secure cloud storage emerging as the three main options, we’d like to make the case for encrypted cloud data protection.
Here are some reasons why secure cloud storage offers the gold standard in data protection and how it can benefit any business.
Protection of sensitive information
Businesses handle a variety of sensitive information, from company financial records and new product designs to sensitive client data that could result in serious privacy breaches if it falls into the wrong hands.
In light of the Protection of Personal Information Act (POPIA), which places an obligation on companies to protect client data to the best of their ability, obtaining the most powerful encrypted storage available has become a necessity.
Financial risk reduction
The monetary cost of a cyberattack can range from tens of thousands to millions of rands, depending on the scale and circumstances of the incident. The reputational damage could be even greater.
Secure cloud storage helps keep your business out of the high-risk landscape that comes with exposure to ransomware and phishing attacks. For a small monthly investment, you could pre-empt losses ranging from five to six figures.
Insider threat mitigation
According to research by Stanford University, 88% of data breaches involve internal actors like staff members. It’s also an unfortunate reality that many data leaks and breaches are the work of disgruntled employees—and it could be the person you least suspect.
- Zero-trust architecture, which requires full credential verification before file access is granted, coupled with encrypted backups, removes personal trust from the equation.
- Having a full backup of your valuable files ensures organisational control over your company data, regardless of what actions—good or bad—your team may take.
Customer trust
With news of data breaches being reported daily by the media, customers have developed heightened awareness and concern about how companies safeguard their data.
Having comprehensive and reliable data security in place inspires confidence in your clients as they trust you with their valuable and sensitive personal information. From a practical point of view, secure cloud storage also helps reduce the risk of losing client data in the event of a data breach or cyberattack.
To learn more about Soteria’s Total Data Protection package and how it can secure your business files, visit our product page today or click the button below.
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