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2020 Cloud White Paper: Statistics, Insights & Recommendations

WHITEPAPER

THE CLOUD: NOT JUST A PLACE TO DAYDREAM ANYMORE

Image of the title page of the cloud white paper

WHITEPAPER

THE CLOUD: NOT JUST A PLACE TO DAYDREAM ANYMORE

Image of the title page of the cloud white paper

How can SMBs reap the benefits of using the cloud and cloud-based services, while managing the associated risks?

How can SMBs reap the benefits of using the cloud and cloud-based services, while managing the associated risks?

PART 01

Understanding
Cloud Models

There are many different cloud service delivery models available, and each requires a different level of system administration, ranging from highly involved to none-at-all.

Learn about the different kinds of cloud structures your business could be using: their purpose, benefits, and risks.

Graphic showing stat that 84% cloud users implement a multi cloud strategy

PART 01

Understanding Cloud Models

There are many different cloud service delivery models available, and each requires a different level of system administration, ranging from highly involved to none-at-all.

Learn about the different kinds of cloud structures your business could be using: their purpose, benefits, and risks.

01

Cost Savings

Metered, pay as you go nature of Cloud Services results in 82% of SMBs reporting savings.

02

Flexibility

Dynamic adjustment of capacity based on usage and peak times.

03

Collaboration

Streamlined work flow offering real-time changes by multiple users.

04

Scalability

Avoids a tedious scaling process requiring infrastructre upgrades, adding resources to the server through the Cloud provider easily.

PART 02

Key Cloud
Benefits

PART 02

Key Cloud Benefits

01

Cost Savings

Metered, pay as you go nature of Cloud Services results in 82% of SMBs reporting savings.

02

Flexibility

Dynamic adjustment of capacity based on usage and peak times.

03

Collaboration

Streamlined work flow offering real-time changes by multiple users.

04

Scalability

Avoids a tedious scaling process requiring infrastructre upgrades, adding resources to the server through the Cloud provider easily.

“Over 70% of CFOs said Cloud Computing had a huge impact on their business and their bottom line.”

“Over 70% of CFOs said Cloud Computing had a huge impact on their business and their bottom line.”

PART 03

Cloud
Concerns

01

Security

– Misconfiguration Risk

– Employee Risk

– Partner Risk

02

Reliability

– Interruptions

– DDoS Attacks

– System Failure

03

Liability

– Accountability

– Risk Transfer

– Damages

PART 03

Cloud Concerns

01

Security

– Misconfiguration
– Employee Risk
– Partner Risk

02

Reliability

– Interruptions
– DDoS Attacks
– System Failure

03

Liability

– Accountability
– Risk Transfer
– Damages

“Shockingly, only 32% of companies believe that protecting data in the cloud is their responsibility.”

Chart image breaking down the protection responsibilities for different types of cloud systems

“Shockingly, only 32% of companies believe that protecting data in the cloud is their responsibility.”

01

Legal
Repercussions

Almost 3/4 of Canadian businesses reported at least one cyberattack last year

02

Financial
Consequences

Average cost of a data breach among Canadian organizations was over $9 million

03

Reputational
Damage

Compromised client data leads to severe reputational harm

PART 04

Cloud Data
Breaches

PART 04

Cloud Data Breaches

01

Legal Repercussions

Almost 3/4 of Canadian businesses reported at least one cyberattack last year

02

Financial Consequences

Average cost of a data breach among Canadian organizations was over $9 million

03

Reputational Damage

Compromised client data leads to severe reputational harm

“Less than 20% of Canadians would continue to do business with an organization if their personal info was exposed in a cyberattack.”

“Less than 20% of Canadians would continue to do business with an organization if their personal info was exposed in a cyberattack.”

PART 05

Minimize
Cloud Risk

Strategy 01

In-house Tactics

A list of steps to take to ensure data protection sourced from experts.

Strategy 02

Contract Review

How to review contracts to ensure your business is getting what you need. List of key questions to ask regarding data breach processes and resolution.

Strategy 03

Risk Management

A tailored Data Security and Privacy Breach insurance policy to get your business online and regain clients’ trust.

PART 05

Minimize Cloud Risk

Strategy 01

In-house Tactics

A list of steps to take to ensure data protection sourced from experts.

Strategy 02

Contract Review

How to review contracts to ensure your business is getting what you need. List of key questions to ask regarding data breach processes and resolution.

Strategy 03

Risk Management

A tailored Data Security and Privacy Breach insurance policy to get your business online and regain clients’ trust.

“88% of Canadian businesses reported a breach in 2019.”

“88% of Canadian businesses reported a breach in 2019.”

Get the Cloud White Paper

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Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits


Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits

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