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Many businesses spend more than $100,000 annually on additional cloud security features

July 19, 2017

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Businesses prefer storing data in the cloud but plan to invest in extra security precautions, according to B2B ratings and reviews firm Clutch.

Nearly 70% of businesses on the cloud prefer storing data in the cloud instead of on a legacy system, and these businesses are willing to invest heavily in keeping their cloud’s data secure.

In fact, over half of companies surveyed spend more than $100,000 annually on additional cloud security features.

One reason for the high investment in cloud security is companies’ greater awareness of the security risks that are out of their cloud provider’s control, according to industry experts.

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