Across all industries, data breaches are becoming more common and more expensive. IBM reports that 83% of organizations have had more than one data breach, each costing an average of $4.35 million. Almost half of those breaches occur in the cloud. With so much activity happening in a novel IT landscape, malicious actors (both internal and external) are attempting to access valuable data in unexpected new ways.
The best defense against these threats is a centralized digital contracting system that offers a robust set of security tools designed for the modern environment. In this brief, we’ll discuss specific solutions that will allow IT teams to streamline governance, access and workflow management while protecting vital business data.