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New Skyhigh Networks Cloud Security Report Finds Growing Risk to Critical Business Data in the CloudSkyhigh Networks, the world's leading Cloud Access Security Broker (CASB), today released its Q4 2016 Cloud Adoption and Risk Report to provide hard data on the risks companies encounter across 20,000+ cloud services. The report analyzes cloud usage data from more than 30 million enterprise employees worldwide that span every major industry vertical. The new report provides a clear view into the year-over-year rise in workplace cloud usage, resulting in security and compliance lag as companies fail to proactively address emerging risks. For example, despite the average company using 1,427 cloud services to upload an average of 18.5 TB of data to cloud applications each month, less than 9 percent of cloud providers are taking the strict data security and privacy steps recommended for a modern enterprise. Companies specifically struggle with securing employee behavior, accurately detecting threats and enforcing cloud governance. "As confidence in cloud grows and organizations trust providers with their most sensitive data, it is more important than ever to emphasize the shared-responsibility model that requires enterprises to secure employee usage and access to data in the cloud," said Kaushik Narayan, co-founder and CTO, Skyhigh Networks. "Companies struggle to detect cloud security incidents from stolen passwords, internal users and even application administrators, yet these are the threats that pose the greatest risk to corporate data." Among the key findings from the report:
The report also includes critical data for understanding the enterprise cloud market: the most popular enterprise applications; the most popular consumer applications; the most banned cloud services; and the highly anticipated list of the fastest growing services, indicative of tomorrow's market leaders and category creators. You can download the full report here. Additional Resources
About Skyhigh Skyhigh Networks, the world's leading Cloud Access Security Broker (CASB), enables enterprises to safely adopt cloud services, while meeting their security, compliance and governance requirements. With more than 600 enterprise customers globally, Skyhigh provides organizations the visibility and management for all their cloud services, including understanding cloud usage and risk, enforcing data loss prevention policies; detecting and preventing internal and external threats; encrypting data with customer-controlled keys; and implementing access-control policies. Headquartered in Campbell, Calif., Skyhigh Networks is backed by Greylock Partners, Sequoia Capital (News - Alert), Thomvest Ventures, Tenaya Capital and other strategic investors. For more information, visit http://www.skyhighnetworks.com.
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