Small- and medium-sized businesses can't afford a data breach. According to IBM’s 2020 Cost of a Data Breach Report, a single breach can cost organizations $3.86 million on average. Be proactive in making sure your data is safe in the cloud, so you don't have to spend a huge amount mitigating a breach.
Though touted for its increased security, the cloud isn’t 100% safe from data breaches. A small- and medium-sized business has to be proactive with data security, even in the cloud, or it risks costs tied to lost business, damaged reputation, and regulatory fines.