Cloud Security becoming a priority for businesses in 2024

With the rise of digital transformation and widespread adoption of cloud-based solutions, organizations are increasingly turning to these platforms to meet their evolving needs. However, the surge in data breaches within cloud data centers has sparked significant concern among security professionals. This uncertainty has left many grappling with decisions about cybersecurity budget allocations in upcoming sessions.

The 2024 Thales Cloud Security Study identifies two primary concerns that, if addressed by Cloud Service Providers (CSPs), could alleviate many of these anxieties: human error and mis-configurations. These factors are responsible for 28% of breaches, resulting in data leaks and application disruptions.

Based on insights gathered from nearly 3,000 IT professionals across 18 countries, the report reveals that 14% of organizations experienced breaches in the past year, often attributed to insufficient use of multifactor authentication.

Notably, cybercriminals are targeting not just small companies but also industry giants like Microsoft and Google. These attacks are increasingly sophisticated, with threat groups specifically targeting sensitive information, including government data, for intelligence purposes.

Recent incidents, such as the breach in Snowflake‘s customer environment and Neiman Marcus’s confirmation of a security lapse, underscore the pervasive risks faced by cloud users.

Initially seen as a secure alternative to on-premise solutions, cloud platforms have faced scrutiny over data ownership and security responsibilities. This debate gained traction with manufacturers of data storage appliances challenging who should bear accountability for safeguarding cloud-stored data and applications.

While the controversy briefly subsided, the complexity of managing cloud security in today’s expansive network environments has reignited discussions. Many organizations struggle to navigate the intricacies of defending against cyber threats, further intensifying the ongoing debate on cloud security.

In conclusion, the issue remains highly contested, reflecting the escalating challenges and persistent concerns surrounding cloud security.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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