Avoid Hefty Data Protection Fines by Utilizing Next-Gen DSPM Solutions

Nimrod Iny
Jun 5, 2023

Whether you follow cybersecurity magazines exclusively or you only consume generic, tech-related content on a regular-basis, you’ve probably heard the news. Tech giants, Tesla and Meta are both in VERY big trouble after violating GDPR and Data Protection standards, causing sensitive data leakage, exposing it to the public.

Why is this relevant to me?

According to Thales Cloud Security Study, more than 80% of respondents said they don’t know where all of their data is stored. Let that sentence sink in for a moment.

If you, as a data security or data privacy professional, don’t know where your data resides, then how could you possibly identify risks, protect the data and ensure it is compliant?

According to the IBM Cost of Data Breach Report, $4.35 million is the average total cost of a data breach. In addition, in more than 60% of organizations that were breached, price increase has passed on to customers, leading to radical decline in customer satisfaction.

On top of the massive financial consequences these breaches can cause, there is another big side to the equation and that is - public image. Think about it this way, would you trust a company, or a brand, that was publicly accused of mistreating customer sensitive data and is unable to protect its users’ privacy? 

How To Avoid Data Breaches, Data Leakage and Financial Consequences?

Today’s hybrid IT infrastructures make it more challenging than ever to identify and protect sensitive data. Across a smorgasbord of cloud services and employee-owned BYOD devices, sensitive data is often stored and shared in many different areas. And this data dispersal opens up a wider surface for issues such as data leakage and theft. 

Financially motivated threat actors highly prize sensitive data, and they’re always on the lookout for opportunities to exfiltrate it. A compliance landscape characterized by a slew of regulations protecting information privacy, such as GDPR, HIPAA, and CCPA creates further pressure to safeguard any data assets that could compromise confidential customer details. 

Many organizations are trying to tackle these risks by enforcing data protection and privacy policies, which rely heavily on manual operations and human involvement. Interviewing developers about their data creation and data management activities, is one example for such policy.

Technology proves exceptionally useful in data protection and compliance. Data Security Posture Management (DSPM) is now one of the most trending categories in cybersecurity, for a good reason. These smart, autonomous solutions instantly connect to your cloud environment and provide value within minutes. The DSPM platform will then automate the entire data protection process with precision and in continuous fashion, eliminating the need to rely on manual operations of any sort.

Learn more about our DSPM platform

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The Polar DSPM Platform

Polar’s all-in-one Data Security Posture Management (DSPM) solution, provides security and compliance teams with the visibility and insights they need in order to make sure company sensitive data in the cloud is secure and compliant.

Our goal is to help professionals within the data security, compliance and governance realms to automatically:

  • Map and classify their sensitive data found in Cloud Workloads (AWS, Azure, GCP) and SaaS applications (such as SharePoint, OneDrive, Slack, Google Drive, Jira, Confluence, and more)
  • Pinpoint the exposed data and eliminate it
  • Shrink the attack surface
  • Continuously monitor data for security hazards and compliance violations

Why Polar?

As a SaaS security company, we keep your data secure while maintaining strict security procedures across our development environment and deployments. Polar is both SOC2 type 2 and ISO 27001 compliant.

The Polar Security solution is agentless, leaving zero impact on business operation and performance. It is also non-intrusive - designed with read-only permissions. The solution connects within minutes (plug-and-play) and is ready to provide value almost instantly.

Create your free account and start protecting your cloud data today, or get a personalized demo and watch the platform in action.

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