Software as a Service (SaaS) is a software distribution model in which applications are hosted by a vendor or service provider and made available to customers over a network, typically the Internet but now more often in the Cloud.
In the 2H 2015 Shadow Data Report, Elastica Cloud Threat Labs analyzed over 63M documents stored in popular file sharing apps like Office 365 and Box, and found that 26% of them were broadly shared – that is shared broadly within the organization or externally. Of these, 1-in-10 was found to contain compliance related data, such as PII, PCI, PHI and source code.
With partners, third parties and even employees rushing to deploy cloud apps and services – often without the knowledge or sanction of IT – the risk to companies from compliance violations resulting from the mishandling or leakage of this data will only continue to increase.
This whitepaper provides a concise overview of cloud compliance regulations, potential costs and risks of violating them, and the critical steps necessary to ensure cloud data compliance.