The phrase “in the cloud” has become a household phrase - nearly as common as “browsing the web” and “surfing the net”.
Why has cloud technology become so important? Cloud computing reduces the need to build out data centers and invest in expensive equipment. Businesses are rapidly switching to cloud technology to accelerate innovation and foster collaboration.
The worldwide public cloud services market is projected to grow over 21 percent in 2018, totaling $186.4 billion (an increase of over $33 billion in one year). This growth comes with substantial benefits - along with substantial risks.
Although cloud computing brings advantages for today’s companies, there are many protective steps to be considered. Organizations need to implement defensive measures to safely migrate and expand operations to the cloud, and investing in cloud security is crucial to protection from threats.
Let’s dig into thirteen cloud security statistics and nine best practices you need to know for 2019.
Cloud Security Statistics
- Only 7% of businesses have good visibility of all critical data. 58% say they only have slight control. (ForcePoint)
- Vulnerabilities: 24% of organizations have hosts missing high-severity patches in public cloud. (RedLock)
- 80% of security breaches involve privileged credentials. (Forrester)
- 49% of databases are not encrypted. (RedLock)
- 73% of security professionals who report that their organization has not implemented a privileged account security solution for DevOps (CyberArk)
- Worldwide public cloud services market is projected to grow over 21% in 2018, totaling $186.4 billion (an increase of over $33 billion in one year).
- Through 2022, at least 95% of cloud security failures are predicted to be the customer’s fault. (Gartner)
- An average of 51% of organizations publicly exposed at least one cloud storage service. (RedLock)
- When asked about adopting an enterprise cloud computing platform, 66% of IT professionals say security is their greatest concern. (LogicMonitor)
- Only 12% of global IT organizations understand how GDPR will affect their cloud services. (Commvault)
- 25% of organizations have cryptojacking activity within their environments. (RedLock)
- 84% of organizations say traditional security solutions don’t work in cloud environments. (Crowd Research Partners)
- Public cloud account compromises are fueling new attack vectors, causing 27% of organizations to have users whose accounts are potentially compromised. (RedLock)
Cloud Security Best Practices
It’s not enough to cross your fingers and hope that a security breach doesn’t hit your organization. Due diligence is key.
Some of the most common cloud security risks include:
- Violation of regulatory controls
- Account hijacking
- Insider threats
There are steps you can take to begin securing your business from threats and successfully enjoy all of the benefits that public cloud computing provides.
- Educate your employees. Security training is a massive concern among IT professionals when dealing with security management. Ensure employees understand how to spot cyber threats and what to do when they come across them.
- Encrypt your data. Just like we put combination locks on our gym lockers, it’s extremely smart to protect all data using encryption.
- Implement multi-factor authentication. Passwords are not enough to keep information safe. When you implement multi-factor authentication, you add an extra layer of protection to your information making it difficult for information to be stolen.
- Limit access control. Identity and access management (IAM) technologies allow IT managers to control user access to important information. Implementing IAM is a powerful way to limit access and offer increased protection for critical information.
- Test security measures. White hat hackers help organizations through attempting to hack into company systems to test heir security. Work with ethical hackers to detect vulnerabilities in your system before a malicious hacker does.
- Monitor and remediate resource misconfigurations. Use a robust cloud security solution that seamlessly remediates misconfigurations and reduces the window of opportunity for malicious actors.
- Detect and remediate anomalous user activities. A robust cloud security platform uses AI to detect abnormal behaviors and sensitive user activities.
- Detect and remediate suspicious network traffic. It is crucial to monitor your cloud environments for suspicious network traffic across all resources to detect threats such as network intrusions and cryptojacking.
- Identify vulnerable hosts. Since IP addresses are constantly changing and cloud resources are continually being created and destroyed, make sure your vulnerability data is correlated with configuration data to accurately identify vulnerable hosts in your public cloud environment.
When it comes to cloud computing, it’s better to be safe than sorry. Implementing the proper security measures mitigates massive risks that can harm your business. Use the informative statistics and best practices we’ve shared to protect against threats.