Multi-cloud setups have become crucial in organizations of all shapes and sizes, but many find it difficult to properly secure them, leaving them vulnerable to breaches that leak large amounts of sensitive data to malicious third parties.
This is in line with “Application Security in a Multi-Cloud World”. the latest report by Radware cybersecurity experts,
In a survey of 269 senior executives, DevOps leaders, and senior executives in other security roles, the company found that despite its popularity, 70% are unconvinced of their ability to adequately secure both on-premises and in multiple clouds (opens in a new tab) environment.
The number of cyberattacks is increasing
More than two-thirds (69%) confirmed that they had experienced a data breach or similar data exposure due to security configuration issues across multiple clouds.
The report also claims that corporate cyberattacks happen quite often on the same companies.
More than half of respondents said their businesses regularly experience bot attacks (20% weekly) or app attacks (also 30% weekly).
Looking further into how businesses can better protect themselves, Radware found that more than half (51%) of respondents said quality cloud protection was lacking.
Simply put, the tools they currently have are inadequate when it comes to blocking, preventing, or mitigating cyberattacks in a multicloud environment.
Respondents said they would also appreciate centralized security visibility across different security platforms.
Radware isn’t the only company raising concerns about multi-cloud security. Earlier in 2022, Thales released its own cloud security report“Data Protection Challenges in a Multi-Cloud World” where nearly half (45%) of businesses have experienced a cloud data breach or failed security audit in the last 12 months.
It also found that a quarter (26%) had experienced an increase in malware and ransomware attacks on their endpoints since 2021, and a fifth (19%) had seen more phishing and whaling attacks than a year ago.
The cloud may be increasingly complex, but companies continue to rely on it to facilitate hybrid work environments during the Covid-19 pandemic.
As a result, companies are paying attention to finding robust cybersecurity, encryption and key management solutions.
In October 2022, Gartner security analysts published a forecast predicting that IT spending will be perceived as resilient to cost cuts until 2023, despite the recession.
The rise in cyberattacks certainly makes a compelling case for why business technology stacks should survive cost cuts, regardless of the economic outlook.
By: VentureBeat (opens in a new tab)