Enable multi-cloud data portability and secure information sharing
With customer data flowing from or to other cloud services or platforms, cloud misconfigurations have become the leading cause of breaches. With a data breach’s average cost reaching over $4.4 million per incident and mega-breaches reaching $400 million*, this remains a board-level concern.
Source: The Ponemon Institute
$4.4M
per incident
the cost of a mega-breach
What’s the cost of non-compliance?
Over 900 GDPR fines have been issued across the European Economic Area (EEA) and the U.K. since May 2018. The total of GDPR fines levied in Q3 2021 hit nearly €1 billion – 20X the totals for Q1 and Q2 2021 combined:
Amazon
($877 million)
($255 million)
Google Ireland
($102 million)
(Source: Finbold)
However, the loss of customer trust remains the biggest concern
Failing to protect customers' data has many negative consequences for organizations. Respondents to an Osterman Research survey, Privacy Compliance in the United-States: Status and Progress in 2022, indicate that protecting personal data is essential for a range of reasons, with avoiding loss of customer trust the highest-ranked (76%), followed by avoiding loss of corporate reputation (74%).
Avoiding loss of customers trust
Avoiding loss of corporate reputation
Avoiding loss of the value of our company
Avoiding regulatory fines for non-compliance
Avoiding loss of corporate brand value
Gain customer trust by protecting their data wherever it goes
There are positive outcomes for organizations that enact strong protections over customers' data, such as building and maintaining customer trust, compared to other organizations that have suffered a data breach or have lax standards for protecting personal data.
Reduce your chance of a breach. Modernize your data protection.
The need for pervasive data access has dramatically increased. These significant shifts in the way companies do business mean data flows everywhere, which means data protection must be everywhere. Companies that allow users to log into cloud services and access unprotected data no longer face the question of whether their data will be stolen, but when—and when may already be in the past.
How can Voltage enable multi-cloud data portability and secure information sharing?
The format-preserving tokenization and encryption technologies in Voltage SecureData help you comply with privacy requirements by discovering and protecting regulated data at rest, in motion and in use in CSPs, CDWs and applications. These solutions also minimize multi-cloud complexity by centralizing control with data-centric protection that secures sensitive data wherever it flows across multi-cloud environments.
“We are fully compliant with the latest financial services regulations, and thanks to Voltage SecureData, we achieved this in a minimally invasive manner without changing our existing infrastructure. We protect our sensitive data very cost-effectively in a complex and distributed environment.”
Christian Stork, Head Strategic Projects, SIX