SaaS Security: How to Handle Sensitive Data
It costs around two cents per gigabyte per month to store data in the cloud today. But the cost of losing that data is around $150 per record, which means that you’re looking at a cost of $150,000 per gigabyte of customer data that’s compromised — more if your records are smaller than 1MB, which is likely.
For companies that store huge amounts of contact information, uploaded files, chat histories, and other personal data, a breach can be catastrophic.