Direct financial impact to a company due to exposed data in Software as a Service (SaaS) can be up to $13.85 million, a new report said.
Software as a Service (SaaS) is a software distribution model in which applications end up hosted by a vendor or service provider and made available to customers over a network, typically the Internet.
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Threshold and behavioral data science analysis showed 1.34 percent of all accounts had signs of malicious activities, driven by inside and outside threats such as account hijacking, rogue activities or the malicious destruction of data, according to the Q2 2015 Shadow Data Report from Elastica.
The report also said 25 percent of the hundreds of millions of data files analyzed in company approved apps ended up broadly shared, and of those files 12.5 percent contained sensitive or compliance related data, meaning they are at the highest risk of being a target for a breach. On top of that, nine percent of all files ended up publicly exposed, meaning anyone on the Internet with a link to the shared content could access it.
Elastica analyzed hundreds of millions of enterprise files stored and shared within leading enterprise cloud applications. They identified key trends and insights that reveal cloud app usage, the type of sensitive content enterprises share and store in cloud applications, and associated breach risk levels.
Based on an evaluation of cloud file usage and exposures by industry, Elastica found the healthcare industry topped the list of verticals with the most policy violations leading to leaks of sensitive PHI (protected health information) data.
The report said millions of records ended up found in the analyzed data that represented compliance violations, intellectual property leaks, or other kinds of risks.
Click here to register to download the report.