"With major IT incidents shutting down millions of business services and applications around the world each year, it may be time organizations rethink their cloud strategy and the service providers their business depends on."
"Research indicates executives are right to be concerned about outages shuttering their business operations. For example, Oxford Economics calculated that downtime costs Global 2000 companies $400 billion each year, with each hour costing the business an average of $540,000."
"Almost three quarters (73%) of the respondents said they were worried about cloud security threats over the next 12 months. In addition, 72% of these business leaders who are currently using the cloud said a potential cloud outage would be 'catastrophic' for their organization."
"The costs don't stop there, however. The indirect costs linked to rebuilding trust in your enterprise ($27 million), lost productivity ($12 million), overtime wages ($11 million), and increased cyber insurance premiums ($10 million) all add to the pain businesses endure when their systems go offline."
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