In the last five years, organizations have increasingly embraced cloud
applications to help them innovate and transform their business. Applications
that automate sales processes, HR management, collaboration, email and file
sharing are growing fast and enabling organizations to meet their needs in a
shorter timeframe than ever before.
Cloud applications are ubiquitously employed across all industries. However,
there are increased concerns about security and compliance of sensitive
information, particularly in banking, insurance and in the public sector. A
wide range of regulations and privacy laws make organizations directly
responsible for protecting regulated information, but when this data is
stored in the cloud, they have less direct control over leaks, theft or
forced legal disclosure.
At the same time, leaks and thefts are occurring with increased frequency.... (more)