Data breaches were a hot topic in the news in 2015. In July, CVS had to pull its online photo printing site offline after it was suspected that users’ credit card data and other personal information had been stolen. And perhaps the most prominent breach occurred when the Office of Personnel Management was the victim of a cyber attack. The personal data of 21.5 million people was stolen in that attack, which ultimately led to the resignation of OPM Director Katherine Archuleta.
A data breach can be devastating to a company’s bottom line. A 2015 study by the Ponemon Institute found that the total average cost of a data breach set companies back $3.8 million. And it’s going up. In 2014, the average cost came in at $3.5 million. Costs include fixing the breach, figuring out how to it from happening again, notifying customers and providing victims a credit monitoring service. Indirectly, the negative press that comes from a data can far exceed the measurable costs.
All of this means organizations have to be increasingly careful with the security of their data. As data is shifted to the cloud, companies need to be sure their IaaS solution meets not only their own security requirements, but also the compliance standards set forth by various industry regulators. Failing to meet these standards can result in the assessment of large fines to the companies. Keeping up with the ever-changing security and compliance requirements can be a daunting task, especially if you don’t have the in-house expertise or resources required. Or, like many businesses your staff’s time is devoted to focusing on your core business. That’s where QTS Managed Cloud service comes in.
Outsourcing to QTS Managed Cloud service ensures you have access to the latest security and compliance measures for your data from our expert engineers and support team. We keep up with evolving security protocols so you don’t have to. Additionally, we can improve operational efficiency, increase reliability and reduce overhead costs.
We tailor Managed Cloud to fit your specific infrastructure and support needs, offering you the flexibility and personalization often missing from other out-of-the-box solutions. You get to choose the cloud services that best suit your business and only pay for what you truly need.
For more information on QTS’ Managed Cloud, read our FAQs. You can also call us at 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.