Although the total cost of a data breach is hard to estimate, a 2019 report by IBM found that the average cost of a data breach is $3.92 million. Its study also pointed to a wide range of potential consequences, including:ĭata breaches can also be incredibly expensive. Organizations are also at risk from a “slow leak” of content, such as intellectual property and other confidential documents.Īccording to a Ponemon Institute study, 80% of respondents considered loss of intellectual property a risk of insecure file sharing practices.
Of course, it’s true that these kinds of headline-grabbing, coordinated attacks on consumer and employee data pose a big threat. Target, Home Depot, Instagram, and Sony, just to name a few. Over the past several years, data breaches have been big news. Learning more about high profile data leaks reinforce the need for Google Drive security. It’s a shift in both where files reside and how they are accessed. Compared to the traditional on-premises solution, Google Drive is a paradigm shift. It’s especially true if you are responsible for securing your organization’s data. The thought of storing sensitive documents in the cloud can be a daunting one. Google’s terms are not unlike those of other companies offering similar services and can be seen as the price of “free.” If they bother you, you can look for a different service with more agreeable terms or encrypt the stored data yourself.Editor’s note: This post was updated in September 2020 with new insights and tips about Google Drive security. This analysis occurs as the content is sent, received and when it is stored.” The company’s overall Terms of Service document states, “Our automated systems analyze your content (including emails) to provide you personally relevant product features, such as customized search results, tailored advertising, and spam and malware detection.
Google Drive has been around since 2012, and some people have raised concerns about Google’s scanning user content for its own purposes, like selling targeted advertising. This summer, the company announced a desktop app for Windows and Mac, called Backup and Sync, that keeps Google Photos and Google Drive files backed up online. In addition to providing a place to store files, Google Drive includes Google Docs, an online software suite for creating and collaborating on documents, spreadsheets and presentations.
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