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Cloud Data Breaches: A Growing Threat for Businesses in 2024

Cloud data breaches are on the rise, with nearly half of businesses affected. Learn about the latest trends and how to protect your organization.
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TL;DR - Cloud data breaches are a growing concern, with 44% of organizations experiencing breaches, and 14% in the last year. SaaS applications, cloud storage, and cloud management infrastructure are the primary targets. Human error, misconfiguration, and lack of multi-factor authentication are major causes.

As cloud adoption continues to rise, businesses worldwide face an increasing threat from cybercriminals targeting cloud resources. Recent cloud security research highlights this growing concern, revealing alarming statistics on cloud data breaches.

Key Findings

The research, based on responses from nearly 3,000 IT and security professionals across 18 countries and 37 industries, uncovered that 44% of organizations experienced a cloud data breach. Alarmingly, 14% of these breaches occurred within the last 12 months.

The most targeted cloud resources include:

  • SaaS applications: 31%
  • Cloud storage: 30%
  • Cloud Management Infrastructure: 26%

Cloud Usage and Data Sensitivity

Organizations are heavily reliant on cloud services, with two-thirds using more than 25 SaaS applications. Almost half of the data managed in the cloud is considered sensitive. Despite this, encryption practices remain inadequate, with less than 10% of enterprises encrypting 80% or more of their sensitive cloud data.

Causes of Cloud Data Breaches

The study identified several key causes of cloud data breaches:

  • Human error and misconfiguration: 31%
  • Exploiting known vulnerabilities: 28%
  • Failure to use multi-factor authentication (MFA): 17%

Proactive Measures and Digital Sovereignty

In response to these threats, many organizations are investing more in cybersecurity and focusing on digital sovereignty. This involves refactoring applications to securely manage and process cloud data. The primary motivations for digital sovereignty include:

  • Future-proofing cloud environments: 31%
  • Adhering to regulations: 22%

As the attack surface in the cloud expands, organizations must understand and secure their cloud data. It is essential to manage encryption keys and maintain visibility into who is accessing the data and how it is being used. Addressing these challenges now is crucial as data sovereignty and privacy become top concerns.

The latest cloud security research underscores the urgent need for organizations to enhance their cloud security practices. By addressing human error, misconfiguration, and implementing robust encryption and MFA, businesses can better protect their sensitive data from increasingly sophisticated cyber threats.

FAQs

What is the main cause of cloud data breaches?
Human error and misconfiguration are the primary causes, accounting for 31% of breaches.
Why are SaaS applications a primary target for hackers?
SaaS applications are widely used and often contain sensitive data, making them attractive targets for cybercriminals.
What steps can organizations take to improve cloud security?
Organizations should invest in cybersecurity measures, implement multi-factor authentication, and ensure robust data encryption practices.
What is digital sovereignty and why is it important?
Digital sovereignty refers to the ability of an organization to control and protect its digital data. It is important for future-proofing cloud environments and adhering to regulatory requirements.
How can organizations ensure data privacy in the cloud?
By maintaining visibility into data access, using strong encryption methods, and regularly updating security protocols, organizations can enhance data privacy in the cloud.
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