Multicloud security issues are plaguing businesses everywhere
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Multi-cloud configurations have become critical in organizations of all sizes, but many find them difficult to properly secure, exposing them to breaches that leak large amounts of sensitive data to malicious third parties.
That’s according to “Application Security in a Multi-Cloud World”. the latest report from cybersecurity experts Radware,
In a survey of 269 senior executives, DevOps leaders and seniors in other security roles, the company found that despite its popularity, 70% are not confident in their ability to properly secure both on-premise and multi-cloud. (opens in new tab) environments.
Cyber attacks are on the rise
More than two-thirds (69%) confirmed having experienced a data breach or similar data exposure as a result of issues with the multi-cloud security configuration.
The report also claims that cyber-attacks against enterprises are quite common against the same companies.
More than half of respondents report that their company regularly experiences bot attacks (20% also experience them weekly) or application attacks (30% also weekly).
Radware took a closer look at how companies can better protect themselves and found that more than half (51%) of respondents said they lack high-quality cloud protection.
Simply put, the tools they currently have at their disposal are inadequate when it comes to blocking, preventing or mitigating cyber-attacks in a multi-cloud environment.
Respondents said they would also appreciate centralized security visibility across different security platforms.
Radware isn’t the only company concerned about multi-cloud security. Earlier in 2022, Thales published their own cloud security report“The Challenges of Data Protection in a Multicloud World,” which found that nearly half (45%) of businesses have experienced a cloud data breach or failed a security audit in the past 12 months.
It also found that a quarter (26%) have experienced an increase in malware and ransomware attacks on their endpoints since 2021, while a fifth (19%) have noticed more phishing and whaling than a year ago.
The cloud may be getting more complex, but businesses continue to rely on it to facilitate hybrid work environments amid the Covid-19 pandemic.
As a result, companies are turning their attention to finding robust solutions for cybersecurity, encryption and key management.
In October 2022, security analysts Gartner released a forecast that predicted that IT spending would be immune to cost cuts through 2023, despite the recession.
An increase in cyber-attacks certainly provides a compelling argument as to why business tech stacks should survive cost-cutting regardless of the economic outlook.
Through: VentureBeat (opens in new tab)