Security is a major priority for companies of all kinds. As web usage continues to expand, the likelihood of hacking and security breaches grows, too. In response, many businesses are increasing investments in protection, both physical and digital. Colleges and universities are also expanding degree programs in cybersecurity, creating a wealth of educated professionals ready to put the tactics of cyber criminals to the test.
Data breaches pose huge problems for companies, costing businesses both money and trust. Take, for example, the large-scale Equifax breach that put the personal information, including names, addresses, and social security numbers, of 147 million Americans at risk and cost the company over $425,000,000 in settlements. In 2013, Target was the target of a major cyberattack that resulted in hackers obtaining credit card information for millions of customers. This resulted in payouts of $18,500,000 to 47 states and Washington D.C.
Security is also an issue for those who are bound by regulations like HIPAA and financial oversight by the SEC. For these kinds of companies, protecting information is of the utmost importance, with violations causing serious problems for ongoing operations.
With such a premium placed on security, a private cloud is generally the right choice for those concerned with protection. Private clouds offer superior security options, keeping data safe in a way that allows for a proactive response to potential hacks that can be noticed and defended against at the first sign of trouble. Unlike a public cloud that is served with protecting thousands of customers, a private cloud provides a way to customize defenses and guarantee unparalleled protection.