Data loss is one of the most damaging events that can happen to your business. Information security breaches can damage your reputation and lead to expensive legal battles, and the loss of business-critical data can cripple your business continuity. That’s a lot of responsibility to entrust to a 3rd party.
- Your provider’s vulnerabilities are yours too
Remotely-hosted storage is only as protected as the host server. If your provider doesn’t invest and maintain their own security your data is just as vulnerable as theirs is. This is especially true if you’re relying on a completely public cloud service, where your resources could be stored on the same network as potentially thousands of other customers.
- Data breaches bring massive losses
Data breaches cost UK businesses over £2.5m per breach on average. That’s a staggering level of financial loss. When you consider that 88% of UK businesses have suffered a breach or cyberattack in the last 12 months it’s not a risk you can afford to ignore.
- Failure to keep data secure damages reputation
Customers and consumers don’t consider investing in security as an optional extra from businesses they engage and give personal information to. Failure to invest in a secure hosted storage solution associates your brand and business with cut corners and untrustworthy practice. If you’re relying on a cloud-hosted storage solution you must be certain that your provider has the security of your data at the top of their priority list.