RESEARCH PAPER: HYCU Wants to Revolutionize Data Protection

By Robert Kramer, Patrick Moorhead - June 27, 2024

In 2023, there were 2,814 reported global data breaches, compromising over 8.2 billion records across various sectors, with expectations for higher figures in 2024.[1] As of the first quarter of 2024, more than 30 billion records have been breached in 5,360 publicly disclosed incidents.[2] Among these, a massive breach involving 12 terabytes of information exposed 26 billion records from user data platforms such as LinkedIn, X (formerly Twitter), Weibo, Tencent, and others, marking it the most significant breach reported to date. These breaches have predominantly affected the telecom, public sector, healthcare, and manufacturing industries.

Many data breaches originate from software-as-a-service (SaaS) applications. Since they emerged in the late 1990s, these cloud applications have faced data security challenges related to responsibility, complexities of data integration, and human error. More than 80% of all data breaches are due to human involvement, including individual mistakes, credential theft, and social engineering methods like phishing.[3]

A key challenge with SaaS applications is the shared responsibility for data security, often unknown to the end-customer. While the provider secures the platform, customers are, in many cases, responsible for securing their accounts and data within the application. Data security measures from providers can contain weak encryption with limited access control options for protecting sensitive data in the cloud. This paper assesses the SaaS data protection market and highlights how to protect enterprise data in the cloud. HYCU has set itself apart in this field by covering a range of environments, such as on-premises, public cloud, hybrid, and SaaS platforms.

You can download the paper by clicking on the logo below:

Table of Contents:

SaaS Landscape
HYCU Delivers DPaaS with Its R-Cloud Platform
Innovations in Automation and AI
HYCU’s Technology
Compliance Standards
HYCU Ecosystem Expanding Through Partnerships
Real-World Application by Industry
Challengers
Conclusion

Companies Cited:

Amazon Web Services (AWS)
Microsoft Azure
Google Cloud Platform (GCP)
Nutanix
Okta
Qstar
Quantum
SAP
Scality
VMware
NetApp
Backblaze
Cloudian
Exagrid
Wasabi
Dell Technologies
Veeam
Rubrik
Cohesity
Veritas
Commvault

Robert Kramer

VP & Principal Analyst at Moor Insights & Strategy | + posts

Robert Kramer is vice president and principal analyst covering enterprise data, including data management, databases, data lakes, data observability, data analytics, and data protection. Robert has over 30 years of proven experience with startups, IT companies, global marketing, detailed strategies, business modeling, and planning, working with enterprise companies, GTM assets, management, and execution.

Patrick Moorhead

+ posts

Patrick founded the firm based on his real-world world technology experiences with the understanding of what he wasn’t getting from analysts and consultants. Ten years later, Patrick is ranked #1 among technology industry analysts in terms of “power” (ARInsights) in “press citations” (Apollo Research). Moorhead is a contributor at Forbes and frequently appears on CNBC. He is a broad-based analyst covering a wide variety of topics including the cloud, enterprise SaaS, collaboration, client computing, and semiconductors. He has 30 years of experience including 15 years of executive experience at high tech companies (NCR, AT&T, Compaq, now HP, and AMD) leading strategy, product management, product marketing, and corporate marketing, including three industry board appointments.