CLOUD APP MANAGEMENT

Cloud Data Breaches and Cloud Complexity on the Rise, Reveals Thales

Thales | June 08, 2022

Thales
The 2022 Thales Cloud Security Report, conducted by 451 Research, part of S&P Global Market Intelligence, reports that 45% of businesses have experienced a cloud-based data breach or failed audit in the past 12 months, up 5% from the previous year1, raising even greater concerns regarding to protecting sensitive data from cybercriminals.

Globally, cloud adoption and notably multicloud adoption, remains on the rise. In 2021, organisations worldwide were using an average amount of 110 software as a service (SaaS) applications2, compared with just eight in 2015, showcasing a startlingly rapid increase. There has been a notable expansion in the use of multiple IaaS providers, with almost three-quarters (72%) of businesses using multiple IaaS providers, up from 57% the year before. The use of multiple providers has almost doubled in the last year, with one in five (20%) of respondents reporting using three or more providers.

Despite their increasing prevalence and use, businesses share common concerns about the increasing complexity of cloud services with the majority (51%) of IT professionals agreeing that it is more complex to manage privacy and data protection in the cloud. Additionally, the journey to the cloud is also becoming more complex, with the percentage of respondents reporting that they’re expecting to lift and shift, the simplest of migration tactics, dropping from 55% in 2021 to 24% currently.

Security Challenges of Multicloud Complexity

With increasing complexity comes an even greater need for robust cybersecurity. When asked what percentage of their sensitive data is stored in the cloud, a solid majority (66%) said between 21-60%. However, only a quarter (25%) said they could fully classify all data.

Additionally, nearly a third (32%) of respondents admitted to having to issue a breach notification to a government agency, customer, partner or employees. This should be a cause for concern among enterprises with sensitive data, particularly in highly regulated industries.

Cyber-attacks also present an ongoing risk to cloud applications and data. Respondents reported an increasing prevalence of attacks, with a quarter (26%) citing an increase in malware, 25% in ransomware and one-fifth (19%) reporting seeing an increase in phishing/ whaling.

Protecting Sensitive Data

When it comes to securing data in multicloud environments, IT professionals view encryption as a critical security control. The majority of respondents cited encryption (59%) and key management (52%) as the security technologies they currently use to protect sensitive data in the cloud.

However, when asked what percentage of their data in the cloud is encrypted, only one in ten (11%) of respondents said between 81-100% is encrypted. Additionally, key management platform sprawl may be an issue for enterprises. Only 10% of respondents use one to two platforms, 90% use three or more, and almost one in five (17%) admitted using eight or more platforms.

Encryption should be a priority area for enterprises to focus on when it comes to securing data in the cloud. In fact, 40% of respondents stated that they were able to avoid the breach notification process because the stolen or leaked data was encrypted or tokenised, showcasing the tangible value of encryption platforms.

Additionally, it is encouraging to see signs enterprises embrace Zero Trust and investing accordingly. Nearly a third of respondents (29%) said they are already executing a Zero Trust strategy, a quarter (27%) said they are evaluating and planning one and, 23% said they are considering it. This is a positive result, but there is certainly still room to grow.

 “The complexity of managing multicloud environments cannot be overstated. Additionally, the growing importance of data sovereignty is increasingly raising questions for CISOs and Data Protection Officers when considering their cloud strategy, governance, and risk management. The challenge is not only where the sensitive data resides geographically, but even who has access to sensitive data inside the organisation. There are various solutions such as encryption and key management. Last but not least, continuing to embrace a Zero Trust strategy will be essential in securing these complex environments, helping to ensure organisations can support their data and manage future challenges.”

Sebastien Cano, Senior Vice President for Cloud Protection and Licensing activities at Thales 

Thales and 451 Research will discuss the findings in more detail during a webinar on 23 June 2022. To join, please visit the registration page.

About the 2022 Thales Global Cloud Security Study

As organizations step beyond the urgent actions of the last two years, they’re grappling with securing the more complex environments in which they now operate. The global edition of the 2022 Thales Cloud Security Study looked at various aspects of those impacts in a wide-ranging survey of security professionals and executive leadership that touched on issues including accelerated digital transformation, cloud migration, and the complexities of managing security in a multicloud world. The 2022 Thales Cloud Security Study is based on data from a survey of almost 2,800 security professionals and executive leaders. This research was conducted as an observational study and makes no causal claims.

About Thales
Thales (Euronext Paris: HO) is a global leader in advanced technologies, investing in digital and “deep tech” innovations – connectivity, big data, artificial intelligence, cybersecurity and quantum computing – to build a confident future crucial for the development of our societies. The Group provides its customers – businesses, organisations and governments – in the defense, aeronautics, space, transport, and digital identity and security domains with solutions, services and products that help them fulfil their critical role, consideration for the individual being the driving force behind all decisions.

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Innovations in 5G Technology Create New Possibilities for Cloud Computing

FinancialBuzz.com | July 04, 2022

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UCLOUDLINK has been the partner for various companies across Europe such as in the financial and car rental industries, as UCLOUDLINK continues to broaden its user base in Europe. As the leisure and corporate travel gradually recover, UCLOUDLINK's data connectivity services and related products will support SAN Group's employees with seamless data connection while working remotely or on international business trips — allowing them to obtain a high-quality data connection while reducing the cost of roaming. Like SAN Group, enterprises with a large number of employees who travel internationally frequently, now can address their employees' mobile data connectivity issues with UCLOUDLINK's solutions, which ensure a reliable, high-quality and innovative mobile data connection, allowing them to drive greater efficiency and maximize business-trip returns. Furthermore, UCLOUDLINK has also engaged in continued research and development to strengthen its technical advantages. UCLOUDLINK has developed global 5G roaming solutions which enable users to enjoy high-speed and reliable data connectivity services worldwide. Meanwhile, by leveraging its patented cloud SIM technology and hyper-connectivity solution, UCLOUDLINK's PaaS and SaaS platform will help improve data connectivity services and bring convenience to all its users and business partners from different industries. To fulfill the increasing demands from more and more enterprises for faster and better data connectivity services used locally and internationally, UCLOUDLINK will continue its ongoing business strategy of consciously shifting its business focus to the development of PaaS and SaaS platform centric service and ecosystem, enabling its business partners and users to transform from "connected" to "better connection" with its core innovative technologies, extensive solutions, services and related products." 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Sigmoid enables significant cost reduction on Google Cloud Platform for Reckitt

cloud | June 16, 2022

Sigmoid, a leading data engineering and AI solutions firm, partnered with Reckitt a multinational consumer goods company, in successfully concluding a global cloud optimization initiative. This engagement helped Reckitt to improve their data infrastructure on the cloud and enable analytics solutions across marketing and supply chain. With increasing data volumes and multiple business teams relying on access to high quality data, enhancing cloud performance was a strategic imperative for Reckitt. Unplanned spikes in cloud cost and the inability to predict monthly expenses necessitated the development of a solution that would provide 100% visibility of cloud usage at a granular level and ensure continued cost efficiency. "To have a clear view on cloud usage and continuity of key analytics initiatives, we partnered with Sigmoid. Their expertise in optimizing data infrastructure on multiple cloud platforms helped us leverage the best practices in monitoring, guard railing and optimization which brought down our cloud costs by more than 50% for all BAU projects in GCP," said Thomson Iruthayaraj, Global Lead Data Strategy and Operations - IT at Reckitt. Sigmoid's cloud optimization solutions and custom dashboards helped Reckitt gain visibility of estimated costs for planned projects and alerts for any fluctuations or anomalies in billing patterns. Reckitt also achieved improvement in query performance by 97% and cost saving by 54%. "We are happy to work with Reckitt in their cloud enablement and optimization. Our association with leading cloud service providers combined with our experience in data management enabled us to develop a highly cost efficient solution with real time monitoring and notification system that drives business critical use cases for Reckitt," Mayur Rustagi, Sigmoid's CTO and Co-Founder. With Reckitt operating a multi-cloud infrastructure, the engagement with Sigmoid has paved the way to further optimize cloud costs, reduce time to insights and deploy enterprise wide best practices to derive the maximum benefit from data residing on the cloud. About Sigmoid Sigmoid combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making.Some of the world's largest data producers are engaging with Sigmoid to solve complex business problems. Sigmoid brings deep expertise in data engineering, marketing analytics, artificial intelligence, and DataOps.

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Lely Optimizes Cloud Environment with Infor

Infor | July 07, 2022

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