The 2018 Global Cloud Data Security Study was released by Gemalto and Ponemon Institute. The study surveyed 3,200 IT and IT security practitioners worldwide on data governance and security practices for cloud-based services. The average percent of corporate IT spending controlled by IT has declined from 53 percent in 2016 to 40 percent in 2017. Companies must protect corporate and customer data, and if they fail to do so, a deadly combination of fines, damaged reputation and backlash could bring everything crashing down to earth. The European Unions General Data Protection Regulation (GDPR) could shape cloud governance.”]
Source: https://www.csoonline.com/article/3261569/understanding-the-challenges-of-cloud-security.html