Mitigating data loss and protecting information will always be a top InfoSec and IT concern. Especially in today's cloud first, mobile first workplace, where businesses are reliant on their extended enterprise to get work done. This environment, while making it easier than ever to be productive, is definitely not easy to properly secure. Every business, across all industries and geographies, faces the risk of data breaches, which are compounded by the business disruption and the cost of incident response they cause.
A 2017 IBM study on security puts the average cost of a data breach at $3.62 million ($7.35 million in the U.S.). On average, organizations that experienced a data breach had anywhere from a few thousand files up to 100,000 records containing personal information compromised. To put that in perspective about 98% of the cities or towns in the United States have a population falling in that range. Imagine if every resident of a place like Redwood City, California (pop. 85,000), where Box is headquartered, had some of their personal information leaked. What would that fallout look like?
We want to make sure that Box offers as many ways as possible to mitigate this type of data leakage from happening. So we built security classifications as part of Box Governance, to enable our customers to classify sensitive content and enforce policies to warn and prevent their users from sharing confidential information inappropriately. By partnering with industry-leading CASB (Cloud Access Security Broker) vendors, we help our customers scale this even more effectively across their businesses.
Today, we are excited to announce an expansion of our long-standing partnership with Palo Alto Networks to support our security classifications with Aperture SaaS security! The Aperture SaaS security service, Palo Alto Network's CASB offering, delivers complete visibility and granular enforcement across all user activity within sanctioned enterprise SaaS applications, providing detailed analysis and analytics on usage without requiring any additional hardware, software or network changes. This integration works to help protect data for our joint customers across all industries and geographies.
As companies embark on their digital transformation, security must remain at the forefront of every company's content strategy. IT administrators and InfoSec professionals are leveraging Cloud Content Management (CCM) to enable the secure flow and governance of business information and bring the distributed ecosystems of onsite and remote employees, customers, suppliers, information, and applications together and revolutionize how we work in the extended enterprise.
We will highlight key steps every business should consider as they build their SaaS security program, to address the challenge of protecting sensitive enterprise information while letting users remain productive. We will discuss each step in detail and how to implement it in your organization, as well as how the new integration helps you protect your business information, in our upcoming webinar on March 6 with Securosis and Palo Alto Networks.
Please also visit the Palo Alto Networks blog for more details, and contact your account team with any questions on this exciting partnership!