Businesses worry more about reputational damage than financial loss following a breach

A report by Illumio found that nearly half of all data breaches in the last year originated in the cloud, resulting in businesses losing an average of $4.1M per breach. The survey revealed businesses are most concerned about reputational damage, loss of sensitive data, and disruption to revenue-generating services. Meanwhile, threats to cloud security primarily stem from overlapping workloads and data and misunderstandings about divisions of responsibility.