10 Steps to Microsoft 365 Cyber Resilience
Protecting Microsoft 365 data is an essential aspect of a modern cybersecurity strategy, as the suite’s applications permeate the daily operations of countless businesses and operations. With a wide array of productivity tools, including Exchange, Teams, SharePoint, OneDrive, and more, Microsoft 365 contains a wealth of sensitive information and critical business data — and is the reason more organizations than ever are investing in third-party solutions or managed backup services to protect it.
In fact, there is evidence that ransomware is being designed for the specific purpose of infiltrating Microsoft 365 and other SaaS applications. According to a report by Coalition:
- There was a 12% increase in cyber claims in the first half of 2023, driven by ransomware attacks, with an average ransom demand of $1.62 million.
As a consequence of its widespread use, and as more employees install and use Microsoft 365 on work-from-home machines, the platform has become particularly exploitable to attackers capitalizing on this diversified infrastructure.
The risks associated with losing Microsoft 365 data are therefore not only complex, but very real:
- Data loss results in serious operational disruptions and can inflict significant financial damage due to downtime and lost productivity.
- IT leaders estimated the cost of downtime to be $1,467 per minute ($88,000 per hour), which comes as no surprise given the volume of work accomplished using Microsoft 365 in the typical workday.
- When sensitive data is exposed, organizations face hefty compliance penalties and reputational harm — in the case of GDPR infringements, fines can be as high as $21 million.
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