How CASB 2.0 Helps embrace the cloud & safeguard sensitive data

Over the past decade, computers and servers have dramatically and increasingly become more powerful, so much so that companies will never be able to use them to full capacity. So, why should organizations pay money on technology they will never use? Instead, cloud computing offers an appealing alternative: pay only for what is used, increase and decrease services as required.

As the adoption of cloud computing has grown, so too have the risks. According to the Ponemon Institute and Accenture’s 2019 Cost of Cybercrime Study, malware and malicious insider-related cyber attacks jumped 12% in 2018, accounting for one-third of all cyber attack costs. The cost of malware to companies increased 11%, to more than US$2.6 million on average for each company. Malicious insiders—employees, temporary staff, contractors and business partners—jumped 15%, costing each company on average US$1.6 million (Ponemon Institute and Accenture, 2019). 

While cyber threats to businesses have multiplied, the “next generation of cloud app security” has emerged to combat cyber criminals and safeguard the organization: Cloud Access Security Broker (CASB) 2.0 protects cloud apps and data—regardless of the user, location, or access device (Symantec, n.d.).

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