November 15, 2023
by Dr. Chase Cunningham
Data loss prevention (DLP) security has significantly changed over the last few years.
These changes are driven by the ever-evolving landscape of cyber threats, the shift towards more complex IT environments, and various innovations that have appeared as vendors have developed new solutions.
As businesses increasingly migrate to cloud services and remote work has become the norm, the need for robust DLP strategies has intensified.
Ultimately, all cybersecurity is “about'' data security, and your organization can’t have a solid security strategy without smart data security at its core.
Historically, DLP systems focused on securing the enterprise network perimeter under the assumption that threats primarily came from outside the network, and once inside, users were trusted.
However, this approach has become insufficient with the rise of insider threats and the blurring of network boundaries.
According to a report by IBM Security and Ponemon Institute, the average total cost of a data breach in 2022 was over $4 million, a figure that has been steadily increasing over the years. Another study by IBM Security found that in 2022, the average cost rose to $4.75 million per incident, highlighting the growing financial implications of data breaches.
Data security is a core need for any security strategy or practice and is the key tenet that originated all cybersecurity offerings.
These policies would typically include rules to block the transfer of sensitive information outside the corporate network.
While effective against certain threats, these rule-based DLP systems had several technical limitations:
Many of those features, which pose limitations, made legacy data security via DLP solutions either impossible to implement or a source of discontent for users and administrators, as valid data security requests were often denied due to simple misconfiguration.
However, due to past issues with DLP as a sole solution for data security, buyers have historically hesitated to engage or honor longer-term contracts with data security vendors.
This occurs even though the time to value and return on investment (ROI) data indicates that more time for implementation is exactly what is needed to truly get value from a data security solution.
Digging deeper into G2 category data, we see that, on average, it takes 18 months for users to get ROI for DLP products. However, the average contract length is 16 months.
Vendors can experience a significant increase in user satisfaction and renewal rates if they suggest increasing their contract duration to 18 months or above. Buyers should be aware of this insight and be willing to extend their contracts to realize the full value of these solutions.
The company segment breakdown of the reviews tells the same story.
As shown in the above graph, reviews of all company segments mention the average length of contract duration is lower than the number of months it takes to get a return on investment for DLP products.
To be blunt, give it time to get the value you seek in data security solutions.
DLP solutions have evolved from rule-based systems to more advanced platforms incorporating machine learning and artificial intelligence in response to these challenges.
These technologies enable DLP systems to learn from data patterns, improving the detection of potential threats and reducing false positives. For instance, statistical models can analyze typical user behavior, and any deviation that may indicate a data exfiltration attempt can trigger an alert or an automatic response.
Today:
Several companies have emerged as leaders in the new generation of DLP and data security-specific solutions. The vendors on this list are those that are most noted in G2’s research areas but are in no specific order of “ranking.”
These vendors have been noted for providing their customers with unique and innovative solutions directly related to the G2 security taxonomy classifier. Your organization should take a deeper look at the vendors in our taxonomy, including:
These mega-vendors and startups are contributing to the future of DLP and data security through a mix of proprietary technologies, machine learning algorithms, and innovative encryption techniques.
As they grow and their technologies mature, they are expected to offer significant competition to the incumbents and may become attractive acquisition targets for larger companies looking to bolster their data security offerings.
Looking forward, we can expect DLP and data security technology to evolve further with the adoption of advanced analytics, deeper integration with cloud platforms, and the development of standards for seamless interoperability among various security solutions.
Additionally, as regulatory compliance becomes more stringent globally, data security solutions will be critical in helping organizations meet their legal obligations regarding data protection.
Consider the following data as you evaluate data security and DLP-like solutions. These are the key issues buyers seek to get value from and are key to evaluating these solutions.
The evolution of DLP security is a testament to the dynamic nature of cyber threats and the necessity for continuous innovation in cybersecurity.
As part of an effective security strategy, especially within a zero trust framework, DLP remains critical in protecting an organization's most valuable asset—its data.
Companies that offer innovative solutions will lead the way in helping organizations navigate the complex security landscape of the future.
Learn more by watching our inaugural episode of “Security Snippets”—a new series from G2’s Market Research team.
This article is co-written by Amal Joby, G2 market research analyst, cybersecurity.
Edited By Jigmee Bhutia
Chase Cunningham is the former VP of Security Market Research at G2. With over two decades of experience in Cyber Forensic and Analytic Operations, he has also held senior security and analyst roles at NSA, CIA, FBI, and other government agencies, as well as with industry leaders Accenture and Forrester. Chase also hosts the DrZeroTrust podcast.
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