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It’s budget time and many organizations are wondering how to allocate their cybersecurity dollars for 2023. As we see it, the ultimate goal of your...
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LMG Security
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Updated on November 1, 2022 | Posted on April 11, 2022
“There is no business strategy without a cloud strategy,” said Milind Govekar, vice president at Gartner. Gartner predicts that in 2022 global cloud revenue will total $474 billion—an increase of $66 billion from 2021—and that by 2025, “95% of new digital workloads will be deployed on cloud-native platforms.” Almost every organization is using one or more public, private, or hybrid clouds these days, so it’s not surprising that cloud security threats are one of the top threats organizations face in 2022.
The Persistent Myth of Cloud Security
With the vast majority of organizations using cloud services, your cloud environments are an attractive target for cybercriminals. The 2021 Thales Global Cloud Security Study conducted by 451 Research found that 40% of organizations experienced a cloud-based data breach in the 12 months preceding the survey. It further found that 83% of organizations had half of their sensitive data in the cloud and unencrypted.
So why isn’t cloud security at the forefront of every organization’s cybersecurity discussions? Enter the myth of cloud security. Outside of IT teams, there is a persistent myth that cloud storage is secure if you choose a good cloud provider. Sadly, this is not the case. Even if your cloud provider has strong security, it’s only as good as your organization’s cloud security policies and overall cybersecurity. Both you and your cloud provider share responsibility for securing your cloud and the data you store in it.
The Top 5 Cloud Security Challenges
Let’s look at the top 5 cloud security challenges and how you can reduce your organization’s risks.
How do you solve cloud configuration errors? In good news, many of these errors can be prevented with cybersecurity oversight, increased cloud security awareness and training, and closer attention to your cloud security controls. Here are several tips to counter common cloud misconfiguration mistakes:
With the growth of cloud security, it’s crucial that you have a strategic plan to ensure the security of your cloud platforms and the data stored within them. While implementing all of these steps may seem overwhelming, start with the steps you can manage and plan to grow your efforts every year.
This blog is distributed with the permission of LMG Security.
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