Ever since Snowflake burst onto the scene in 2014, the company and the software has been massively influential in how we all think of storing and accessing data. Snowflake reached new heights in September when they launched their IPO — at 28 million shares and $3.4 billion raised, it’s the largest software IPO in history. The higher financial profile and cash influx means Snowflake can expand its reach even further.
In June, one research study found that the pandemic caused just over 40% of the entire US workforce to work from home full-time. Many businesses made the quick decision to allow employees to work remotely, scrambling to provide IT resources and remote-work tools on the fly. Now, many enterprises are doubling down and allowing employees to work from home for the foreseeable future.
By 2025 the amount of data stored in the cloud by both governments, organizations, and individuals will exceed 75 Zettabytes – an estimated 49% of the world’s 175 zettabytes of data at that time. This trend has no doubt been accelerated by COVID, as organizations have been forced to shorten cloud migration timeframes to ensure business continuity during the pandemic.
Airtable has proven its staying power among tech unicorns as a customizable and collaborative project management platform that empowers users to track literally anything at work or at home. When the company announced its $185 million Series D funding in September, they generated a whole new round of buzzworthy headlines. For security leaders, this means that new requests for adding Airtable to tech stacks are likely on the way.
Just when a company thinks they’ve seen it all in cybersecurity, new challenges in data protection keep security leaders on their toes. One of the largest movie-ticket retailers discovered a need to protect sensitive data that could be shared across their productivity tools.
CASBs have traditionally been a popular option for enterprises seeking to secure their data. Both Gartner and Forrester predict that cloud security will continue to be a growing market through the end of 2023. Gartner projections foresee a 20% increase in CASB usage at large enterprises by 2022, while according to Forrester, cloud security will become a $112.7B market by 2023.
Covered entities bound by law to follow HIPAA regulations – like healthcare providers, health plans, and others handling protected health information (PHI) – need to demonstrate efforts to secure PHI. The specific measures required to do so are detailed in the HIPAA security rule which states that covered entities must put controls into place to identify and protect against anticipated threats to the security and integrity of PHI.
The pandemic has touched virtually every aspect of life, and cybersecurity is no different. A new threat intelligence and cybersecurity status report from Microsoft shows how businesses around the world are changing their approach to cybersecurity to protect user data and systems as more and more teams work remotely. Here’s how the pandemic has changed cybersecurity, and what your business can do differently to protect your data as the situation evolves.
It’s estimated that more than 27 billion records were exposed in the first half of 2020, despite the decrease in number of reported breach events from 2019. This trend of data breach events is becoming more severe with the average cost and size of a data breach increasing year over year. The severity of modern data breaches presents a serious risk to companies looking to protect the data of stakeholders such as customers and employees.
Sensitive data like credentials and secrets are in constant danger of exposure, and this is especially true in the cloud. Due to the highly collaborative and always-on nature of cloud services, they tend to be environments where security best practices are hard to enforce without either lots of time and effort or automated controls.
