Information security in the cloud: protecting dynamic environments

Cloud computing is revolutionizing business operations and infrastructure delivery across many industries, allowing businesses to scale capabilities and reduce costs.

However, as a growing number of businesses migrate their data and operations to the cloud, their exposure to new regulatory and cybersecurity risks increases concurrently.

Learn more about the cloud cybersecurity landscape and discover best practices that your organization can adopt to improve your overall security posture and resiliency.

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The number of organizations migrating their services to the cloud is growing rapidly:
 

• > 50% more was spent on public cloud services in 2022 than in 2020¹

• > 50% of business workloads and data were in the public cloud in 2022²

However, cloud cybersecurity attacks are growing:
 

• 45% of information security breaches in 2022 happened in the cloud³
• 98% of companies reported at least one cloud data breach in the last 18 months in 2021, an increase of 20% from the previous year⁴
• $5.02 million (USD) – average cost of a data breach within a public cloud³

Learn the basics of cybersecurity by enrolling in our ‘Introduction to Cybersecurity’ online course on our Learning Lab platform, exclusively on Market Trends.

The top 10 vulnerabilities that lead to cloud security breaches⁵:
 

1. Insufficient identity, credential, access and key management
2. Insecure interfaces and APIs
3. Misconfiguration and inadequate change controls
4. Lack of cloud security architecture and strategy
5. Non-secure software development
6. Non-secure third-party resources
7. System vulnerabilities
8. Accidental cloud data disclosure
9. Exploitation of serverless and container workloads
10. Cloud storage data exfiltration

As perceived trust in the security posture of cloud service providers continues to increase, the top cloud vulnerabilities are now under the responsibility of cloud users.

Want to connect with key players in this space? Our Start Path platform on Market Trends gives you access to full company profiles and webinars featuring leading startups and emerging fintech companies with proven cybersecurity expertise, including:

A scoring engine for financial verification based on open banking data to evaluate the credibility of potential customers

A platform providing developers with better tools for customer verification, risk assessment, payments and other processes