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Symmetry raises $18M to bolster organizations’ data security programs



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As organizations embrace cloud services — and are forced to confront changing regulations and data use standards — their ability to maintain control of data security frequently becomes strained. If they lose that control, the consequences can be quite severe. The average cost of a data breach is about $3.86 million (per IBM), and most companies pay around $14.82 million per year for noncompliance, including noncompliance with data security policies.
So it doesn’t come as much of a surprise that there’s a strong, shared desire among organizations to invest in greater data security. Ninety-seven percent of security leaders believe that their employers will either maintain or increase their security budgets this year, according to one recent survey, while 45% say that data security has “significa …

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