Data Security And Compliance: Lessons From Modern Storage Solutions
Posted: 22nd Oct 2024
The need for secure and scalable storage solutions has never been more urgent. According to a 2024 report by IBM, the average cost of a data breach has reached an all-time high of $4.88 million per incident. These breaches not only impact financial performance but also severely damage a company’s reputation.
Decentralised storage is emerging as one viable alternative to address these growing concerns due to how it operates through a distributed network of nodes where data is encrypted, split into smaller fragments and stored across multiple locations.
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