The Colorado Privacy Act (CPA) passed yesterday in the state's senate and will go into effect in July 2023 – creating an additional regulation that organizations must comply with or face hefty fines and eroding consumer trust.
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Average cost of cloud account compromises reached $6.2 million over a 12-month period
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Proofpoint, Inc. and Ponemon Institute released the results of a new study on “The Cost of Cloud Compromise and Shadow IT.” The average cost of cloud account compromises reached $6.2 million over a 12-month period, according to over 600 IT and IT security professionals in the U.S. In addition, 68% of these survey respondents believe cloud account takeovers present a significant security risk to their organizations, with more than half indicating the frequency and severity of cloud account compromises has increased over the last 12 months.