Data is everywhere—being created, consumed, and captured by digital users, organizations, and industries across the world. The volume of data is increasing due to the growing mobile data traffic, cloud computing traffic, and adoption of technologies, such as the Internet of Things (IoT). According to an International Data Corporation (IDC) report, the world’s data is estimated to reach 175 zettabytes by 2025, and about half of the world’s data is expected to reside in public cloud environments.1
There’s no doubt that data has become a strategic business asset and, as a result, it can be a target for cyberattacks. The 2020 Cost of a Data Breach Report reveals the scale of the problem: 80% of breached organizations said that customers’ personally identifiable information (PII) was compromised during the breach, far more than any other type of record.2 Customer PII was also the costliest type of data compromised, averaging USD 150 per record.2
A data breach can cost organizations millions.2
With more individuals shifting to remote work in a post-pandemic world, organizations are facing increased pressure to employ new security measures. The risk of a data breach is now estimated to be higher because individuals may use unprotected personal devices to access corporate data, which are increasingly stored in hybrid and multicloud environments. In fact, 76% of organizations that have shifted to remote work expect that working from home could increase the time it takes to identify and contain a data breach.2 How can organizations keep pace?
In this smart paper, we first look at today’s challenges of protecting and retaining visibility and control of sensitive data in a hybrid, multicloud world. The paper then explores how IBM Security™ Database Activity Monitoring Services can help organizations bolster their data security and compliance postures to meet those challenges.