Achieve a Zero Trust Cloud Strategy with a Swiss-European solution
As remote working continues and the adoption of cloud apps and services increase, Cloud based attacks rose by 630% between January and April 2020[1]. The recent data breach that originated from a misconfigured Amazon Web Services (AWS) S3 bucket used for storing the data of hotel booking companies like Expedia and Booking.com is a blatant example of high impact attack exposing 10 million individuals to risks including identity theft, scams, credit card fraud, and blackmail and more[2].
Considering the above, and that the average cost of a data breach as of 2019 is 3.92M$[3], cloud threat protection is becoming strategic for companies’ digital transformation. Many are choosing to adopt a security strategy in which they decide not to trust their cloud providers-SaaS editors with their confidential data (Zero Trust Strategy). Zero trust focuses on protecting cloud services such as packaged SaaS applications and/or internal applications developed and tested in the cloud[4].
To help companies applying a Zero Trust Strategy while consuming cloud services in complete confidence, REGDATA proposes Regdata Protection Suite (RPS), a software that allows them to protect their confidential data before entering the cloud and to get auditable, automatic, and real-time evidences that all confidential data is continuously being protected. These security & compliance data regulatory reports are aimed at internal/external auditors and regulators.
With a RPS, they keep control on their confidential data while consuming cloud functionalities. By owning and controlling their RPS instance, they possess and operate their Swiss-European protection solution rather than trusting the public cloud to be secured or using an eventual data protection solution managed by the cloud provider. Making it impossible for the cloud service provider or any attacker to ever access confidential data in clear – hence minimizing business, legal and reputational risks in the event of a third-party data breach within the public cloud that stores their data.
[1] https://www.fintechnews.org/the-2020-cybersecurity-stats-you-need-to-know/
[2] https://www.verdict.co.uk/prestige-software/
[3] https://securityintelligence.com/posts/whats-new-in-the-2019-cost-of-a-data-breach-report/
[4] https://www.nist.gov/publications/zero-trust-architecture
