The number of enterprises migrating their infrastructure to the cloud has been steadily rising. In fact, the global cloud computing market is estimated to reach $258 billion in 2019. Organizations require robust cloud security features to match the frequency and speed of cloud deployment. They need to leverage advanced cloud security solutions to minimize the disastrous impact of cyberattacks that intend to steal their data or harm their systems.<\/p>\n

Here are some key reasons every organization needs reliable cloud security solutions:<\/p>\n

1) Rising Threat of Cyberattacks<\/strong><\/p>\n

Worldwide, there has been an exponential rise in the number of security breaches. Cyberattacks often lead to enterprises disabling their applications temporarily causing a substantial loss of revenue, credibility and brand image. According to an estimate, the average cost of a security breach for a company comes close to $3.8 million.<\/p>\n

Data security on the cloud is vital as you are not in complete control of your assets. When you run applications on a hybrid or public cloud, you are entrusting a third-party with your data. So, it is your responsibility to ensure your assets stay safe and secure.<\/p>\n

2) Compliance with Regulations<\/strong><\/p>\n

Organizations in any industry need to comply with data protection and regulatory standards such as GDPR and HIPAA. These standards deal with the integrity and privacy of customer data. If any point in time, data of your customers gets compromised, you will be held accountable.<\/p>\n

If you operate in a highly-regulated industry such as healthcare, banking or finance that have stringent data protection standards, compliance becomes all the more important. Non-compliance can land you in financial and legal hassles that disrupt the smooth functioning of your organization and affect your credibility.<\/p>\n

3) Collaboration across Locations<\/strong><\/p>