Cloud technology has completely changed the way people handle and share data. However, the convenience that cloud technology brings also comes with the challenge of safeguarding information in the cloud from an array of cyberthreats. From ransomware to phishing attacks, the risks are ever-present.

Although cyberattacks on businesses have become increasingly prevalent in recent years, many small-business owners assume that their business is immune to such attacks. This belief often stems from the notion that cybercriminals target larger companies.

Small- and medium-sized businesses can't afford a data breach. According to IBM’s 2020 Cost of a Data Breach Report, a single breach can cost organizations $3.86 million on average. Be proactive in making sure your data is safe in the cloud, so you don't have to spend a huge amount mitigating a breach.

Though touted for its increased security, the cloud isn’t 100% safe from data breaches. A small- and medium-sized business has to be proactive with data security, even in the cloud, or it risks costs tied to lost business, damaged reputation, and regulatory fines.