Digital transformation continues to evolve organizations—which now generate, manage and store massive volumes of data across dispersed systems and cloud environments. Every day, over 402.74 million terabytes of data are generated, with the United States alone housing more than 2,700 data centers.
Sensitive data—such as intellectual property and PII—is now spread across a vast array of endpoints, apps, laptops and cloud platforms. Today’s computing environments are more complex than ever, spanning public clouds, enterprise data centers and edge devices such as Internet of Things (IoT) sensors, robots and remote servers. This dispersion increases the attack surface and raises the risk of security incidents.
Failing to protect data can be costly, including data breaches, financial losses, reputational damage and noncompliance with a growing number of data privacy laws. In fact, 2025 data shows that the global average cost of a data breach is USD 4.4 million.
Regulations like the GDPR and the CCPA enforce strict requirements on how businesses store, transmit and secure personal data. These frameworks join longstanding rules such as the Health Insurance Portability and Accountability Act (HIPAA), which protects electronic health records, and Sarbanes-Oxley (SOX) Act compliance, which governs financial reporting and internal controls.
Robust data security does more than ensure compliance: it strengthens broader cybersecurity efforts. A strong security posture—supported by technologies like biometric verification, multifactor authentication (MFA) and automated monitoring—helps enable data governance and build customer trust. When managed properly, secure data access ensures sensitive data is used responsibly, minimizing the chance of a breach or misuse.