Too Long; Didn't Read
Security issues in cloud computing have become critical with the growing demand for SaaS products. According to Forrester, outside attacks, human errors, and malicious insiders are among the most common causes of security breaches and data loss. From 2009 to 2014 the number of cybersecurity attacks increased tenfold (from 3.4 to 42.8 million per year). In 2017 the average cost of the data breach for business amounted to $3.62 million, while the cost per stolen record lowered to $141. Breach detection and mitigation expenses are the least of the business owners’ worries as indirect expenses make up the large part of the losses. Reputational hits promote increased client turnover and higher customer acquisition cost most companies cannot handle.