According to a recent report by the Identity Theft Resource Center, the total number of data compromises in the third quarter of 2023 reached 733, affecting over 66 million victims. Many of the compromises, 716 to be exact, were data breaches.

A data breach comes with severe consequences, compromising individuals' personal information and privacy, leading to identity theft and financial fraud. It can also damage a company's reputation and trust among its customers, resulting in financial losses and legal liabilities. In fact, the average cost of a data breach is estimated to be $4.45 million, according to an IBM report.

Pointing out these statistics might sound like a broken record for some, but it cannot be stressed enough how important it is for businesses to take proactive measures to identify and contain threats before they cause business disruption, especially in the cloud.

To help organizations secure their data in the cloud and stop data-related breaches, Box (News - Alert) and CrowdStrike entered a partnership that includes a new integration between Box’s secure content management and collaboration capabilities with CrowdStrike’s modern, AI-powered security CrowdStrike Falcon platform for real-time access control and threat prevention.

Box is a single platform that empowers organizations to manage the content lifecycle, work securely from anywhere and integrate across best-of-breed apps. Box simplifies work for global organizations, including AstraZeneca, JLL, Morgan Stanley and Nationwide.

CrowdStrike Falcon is a cloud-based platform that provides comprehensive protection against all types of attacks, including malware and ransomware. It is powered by cloud-scale AI and patented smart-filtering technology.

The platform is designed as a highly modular and extensible offering that helps customers solve security challenges with a single click and without the need to re-architect or re-engineer the architecture, removing friction associated with security deployments. It also leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver accurate detections, automated protection and remediation, threat hunting and prioritized observability of vulnerabilities.

Through the collaboration, Box will leverage the CrowdStrike Falcon platform’s Zero Trust Assessment technology to extend protection across the cloud-to-endpoint-to application estate. This means that joint customers can bring together contextual insights from device posture and data access to evaluate risks in real time, build granular policies and take remediation actions.

“By partnering with CrowdStrike, we are setting a new standard for securing files in the cloud providing native security solutions that protect data inside and outside of their company’s perimeter without getting in the way of work,” said Aaron Levie, co-founder and CEO of Box.

Additionally, Box and CrowdStrike will help secure data at smaller organizations in need of modern cybersecurity by offering Box and CrowdStrike’s SMB solutions, CrowdStrike Falcon Go and Falcon Pro.

CrowdStrike Falcon Go is a cloud-based antivirus solution designed to protect small businesses from cyber threats. It offers comprehensive protection against all types of attacks, including malware, ransomware, and beyond. The minimum purchase requirement for Falcon Go is five endpoints, and the maximum is 100 endpoints. The annual billing for Falcon Go starts at $299.95 for a minimum of five devices.

CrowdStrike Falcon Pro is a bundle of advanced endpoint protection technologies that provide complete protection against all types of attacks, including malware and much more. It includes next-generation antivirus, device control, firewall management and threat intelligence. The annual billing for Falcon Pro starts at $499.95 for a minimum of five devices.

“By partnering with Box, we have a great opportunity to bring AI-powered, enterprise-grade cybersecurity to everyone from SMBs to the Fortune 500,” said Daniel Bernard, chief business officer at CrowdStrike.

The new integration is expected to be available for Box and CrowdStrike customers at the end of the year. Specific pricing and packaging will be announced upon general availability.

Learn more on how to protect your organization’s data in the cloud at ITEXPO 2024, taking place in Ft. Lauderdale, Florida, February 13-15, 2024, part of the #TECHSUPERSHOW. Since 1999, ITEXPO (News - Alert) has combined educational conference programming with a robust exhibit hall, networking events, and other activities, bringing together buyers and providers of business technology products and services that drive business success. Along with ITEXPO, #TECHSUPERSHOW includes MSP Expo, IoT Evolution Expo, Future of Work Expo, Enterprise Metaverse Expo, Generative AI Expo, and more.