Cloud account compromises are costing organizations millions each year

Dealing with cloud accounts that have been compromised is becoming even more expensive as new research from Proofpoint and Ponenom Institute has revealed that cloud account compromises cost organizations over $6m each year.

To compile their new report titled “The Cost of Cloud Compromise and Shadow IT”, the cybersecurity firm and IT security research organization surveyed more than 600 IT and IT security professionals across the US.

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