A widespread mistrust of cloud providers across Europe has led to seven in 10 businesses accusing them of failing to comply with laws and regulations on data protection and privacy.
According to research by Netskope and The Ponemon Institute, 53 per cent of respondents said the likelihood of a data breach increases due to the cloud, and the Ponemon Institute study also found that data breaches increase the expected economic impact by as much as three times when they involve the cloud.
Assuming an increase in cloud storage, the estimated probability of a data breach involving the loss or theft of high value information or intellectual property goes up by 126%. In addition, respondents perceived that simply increasing the use of any cloud services causes the impact of a data breach of the same type to go up by 159%.