The data is in. According to IBM Security’s 2020 Cost of a Data Breach Report, there is a 50% increase in cloud usage for enterprises across all industries. The number of threats targeting cloud services, predominantly collaboration services like Office 365, has increased 630%.
Moreover, 75% of respondents report that discovery and recovery time from data breaches has significantly increased due to remote work during the pandemic. Although organizations can save over $1 million if they discover a breach in the first 30 days, the average reported response time was a whopping 280 days.