Biggest Cloud Security Breaches in 2020

Pallavi Varanasi Cloud Security Expert - CloudCodes Software
  • December 17th, 2020

Enterprises are adopting cloud services for their work to achieve an enhancement in scalability and efficiency level. They desire to achieve fast deployment with concern regarding online information, services, and machine security. Cybersecurity experts are searching for new strategies because traditional security applications do not deliver online protection. As per the survey conducted by Cloud Security Spotlight 2020, it is found that 90% of cybersecurity executives are concerned regarding their data protection. However, these officials are not updated with modifications in cloud storage security solutions, leading to the biggest cloud security breaches in a year.

Cloud Security Alliance Report

A bundle of essential Cyberthreats came out in the survey organized by the Cloud security alliance. The list was designed by surveying enterprise experts and gathering results with online security risks analysis. This helps in determining the crimes, which are more prevalent to the industries using cloud computing. Well, the compiled list comprises of following issues :

  • Insufficient identity, access, and credential management
  • Abuse and nefarious usage of cloud services
  • Insecure graphical user interface and APIs
  • Shared technology vulnerabilities
  • Sudden information leakage
  • Advanced persistent threats
  • Insufficient due diligence
  • Cloud account hijacking
  • Denial of service attack
  • Malicious insider attacks
  • System vulnerabilities

Information stored on the cloud is indirectly saved on one’s data center, and it can still be used by hackers through a unique set of methods like weak password detection, email phishing, lack of MFA, etc. A general opinion among enterprises is observed that archiving business content on cloud (especially on IaaS) completely outsources data security in an out of the mental attitude. This kind of mindset results in the biggest internal security breaches in cloud computing due to the carelessness regarding business data protection. However, off-premises architecture security is a shared responsibility that means although the cloud service provider is the in-charge of rendering services and storage infrastructure, the enterprise is also responsible for the product, data, and service protection.

Challenges in Biggest Cloud Security Breaches

Following points are posted to aware readers with essential findings of the cloud security spotlight report. They can consider these points as challenges determined at the time of the biggest cloud computing breaches.

  • Increase in Cloud Security Challenges – Enterprises are shifting their workload on cloud infrastructure to achieve flexibility in their regular work. It is increasing challenges for security pros to secure workloads. CSA report states that the top 4 cloud computing security challenges comprise of data visibility into compliance (43%), infrastructure security (43%), placing security policies (35%), and protection measures not kept on pace with regular updation (35%).
  • Sudden Online Information Breaches – 18% of the respondents showed that at least one incident regarding security occurs in a year, leading to a significant rise every year. Securing the cloud against information leakage and loss (67%) is a major concern regarding cybersecurity pros. This scenario is followed by data privacy threats (61%) and confidential breaches (53%).
  • Misconfiguration in Cloud Security – The absence of knowledge regarding cloud security settings and policies causes misconfiguration. It is the recent data breaches in which 62% of respondents are involved in cloud environment misconfiguration. It is followed further by insecure interfaces or APIs (50%), unauthorized use of employee credentials (55%), and account/traffic/services hacking (47%).
  • Traditional Security Don’t Work For Cloud – A myth is observed among enterprise users that traditional and off-premise architecture security measures are the same. Such kind of individuals needs to understand that the same traditional IT infrastructure security applications are of no use in online network security. Several companies (84%) believe that traditional IT architecture protection approaches and tools either do not work or comprise of limited functionality in cloud services. Only 16% of respondents know that traditional protection software could be utilized for delivering online data protection.
  • Keeping Data Open on Public Cloud Platform – The most common reason behind the biggest cloud security breach is keeping data unsafe on untrusted servers or cloud. Being a cloud user, do you really think that saving information online without any security measures is safe? Simply, it is like calling hackers to come on your data and perform Cyberattack. Enterprises should make it a daily practice of keeping data encrypted on the cloud at rest as well as in transmit mode. It is found that network encryption (54%) and data encryption (64%) both these technologies are having effective protection technologies. In order to achieve security standards, both these technologies should be followed by event management and security information (52%).

Conclusion

More than half of the enterprises believe that a certified and knowledgeable trained cloud security executive will contribute a lot in securing business online. The post describes the biggest cloud security breaches 2020, which are held in day-to-day business life. Companies can save themselves from these attacks either by hiring a cloud security expert or by adopting a suitable CASB provider. Talking about finance, both will cost the same in today’s date. We would suggest you go for CSSP because they render a package of security solutions through automated software. It will provide more functionalities in comparison to an individual person. Rest you need to observe the level and standard of security required in your company and then, go for any decision.

How CloudCodes Cloud Security Solution Can Help You?

CloudCodes understands the challenges posed by the cloud apps and offers the best set of solutions customized to the need of every enterprise looking to secure its data on the cloud. With policies like Single Sign-On, Access Control, IP restriction, Data Loss Prevention (DLP), Tracking controls on Google drive, strong password policies, and many more, CloudCodes goes takes an extra step to ensure your business data is safe and secure. Take our Free Demo to see CloudCodes CASB in action.

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