Multi-cloud setups have become a key factor in organizations of all shapes and sizes, but many find they are difficult to properly secure, leaving them vulnerable to attacks that leak large amounts of sensitive data to malicious third parties.
This emerges from “Application Security in a Multi-Cloud World”. the latest report from cybersecurity experts Radware,
In a survey of 269 executives, DevOps leaders, and executives in other security functions, the company found that despite its popularity, 70% are not confident in their ability to adequately secure both on-premises and multi-cloud (opens in new tab) environments.
Cyber attacks on the rise
More than two-thirds (69%) confirmed that either a data breach or similar data exposure occurred due to issues with multi-cloud security configuration.
The report also claims that cyberattacks on businesses are fairly common against the same businesses.
More than half of respondents said their organizations are regularly exposed to bot attacks (20% suffer them weekly) or application attacks (30% also weekly).
Radware delved deeper into how organizations could better protect themselves, noting that more than half (51%) of respondents said they lacked quality cloud protection.
Simply put, the tools they currently have are inadequate when it comes to blocking, preventing, or containing cyberattacks in a multi-cloud environment.
Respondents said they would also like centralized security visibility across security platforms.
Radware isn’t the only company raising concerns about securing the multi-cloud. In early 2022, Thales released its own cloud security report, The Challenges of Data Protection in a Multicloud World, which found that nearly half (45%) of organizations have experienced a cloud-based data breach or failed a security audit during the last 12 months.
It also found that a quarter (26%) have seen an increase in malware attacks and ransomware attacks on their endpoints since 2021, while a fifth (19%) have detected more phishing and whaling than a year ago.
The cloud may be growing in complexity, but organizations continue to rely on it to enable hybrid work environments amid the Covid-19 pandemic.
As a result, organizations are turning their attention to finding robust cybersecurity, encryption, and key management solutions.
In October 2022, security analysts Gartner released a forecast predicting that despite the recession, IT spending would be considered immune to cost cutting through 2023.
Surely, a rise in cyberattacks is a compelling argument as to why business tech stacks should survive cost cutting, regardless of the economic outlook.
Via: VentureBeat (opens in new tab)
https://www.techradar.com/news/multicloud-security-issues-are-plaguing-businesses-everywhere Multicloud security issues are plaguing businesses everywhere