Protecting sensitive cloud-stored data is important for businesses in this digital era. Small and Medium-sized Enterprises (SMEs) are adopting cloud computing at a rapid pace to enhance efficiency and scalability. A recent study by the International Data Corporation (IDC) reveals that 70% of small businesses are currently using cloud services. However, the shift is exposing the SMEs to sophisticated cyber threats. It makes the implementation of cloud Data Loss Prevention (DLP) solutions which are essential for robust cybersecurity. Some insights from experts like Venkatakrishna Valleru have been instrumental in shaping practical DLP approaches for small businesses.
Cloud Data Loss Prevention (DLP) solutions are basically designed to protect sensitive cloud data from unauthorized access. The solutions monitor and safeguard data at rest, in transit as well as in storage across cloud platforms. The Cloud Security Alliance reports that about 70% of the companies are considering DLP crucial for their cloud security plans. The key features of DLP solutions are analyzing content and context to prevent unauthorized sharing as well as detecting sensitive keywords like “confidential” in emails to block transmission.
DLP solutions help businesses to follow data security laws such as GDPR, HIPAA and CCPA. Heavy fines are imposed for breaking the rules. However, small and medium-sized businesses find DLP solutions are important in protecting customer data and important company information from both inside and outside threats. A Ponemon Institute study reveals that 60% of the businesses had data breaches due to careless or malicious employees. Moreover, DLP systems improve how businesses manage data security and respond to incidents.
SMEs are also facing challenges in implementing cloud DLP solutions. It is expensive and out of reach of low-capital companies. Ponemon Institute noted that a data breach costs an average of $2.74 million for SMEs. Limited IT resources complicate matters as 57% of SMEs have fewer than five IT employees. Just 21% have a dedicated cybersecurity professional.
