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Home»News»Cloud security failure could be 'catastrophic' for businesses
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Cloud security failure could be 'catastrophic' for businesses

CloudSecNewsHubBy CloudSecNewsHubSeptember 3, 2024No Comments2 Mins Read
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Cloud Security Failure Could Be 'catastrophic' For Businesses
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Nearly three-quarters (73%) of UK businesses currently using the cloud say cloud security threats are a major concern over the next year.

This is according to a survey by Auxilion of 100 IT decision makers in UK companies with more than 250 employees, which also found that 72% of respondents currently using the cloud described a potential cloud outage as “catastrophic” for their business.

Despite this concern, the shift to cloud computing is accelerating rapidly. Data revealed that 90% of IT decision makers surveyed are now using cloud computing, and 88% plan to migrate more infrastructure and applications in the next 12 months.

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“What the survey data highlights is the delicate balance that organizational leaders must manage,” said Donal Sullivan, CTO of Oxylon, commenting on the findings.

“As more businesses move to the cloud, they are more likely to be exposed to security threats and outages, which can cause significant disruption to organizations. This means that businesses need to be more proactive when it comes to securing their data and responding to incidents.”

“We’ve all read about power outages that have damaged organizations in many ways – especially in terms of reputation and money. The impact can be felt for years to come, which is why companies need the right technologies and partners to ensure that security is a top priority.”

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A recent report from Palo Alto agrees with these recent findings, showing alarming gaps in cloud security as data technology is rapidly adopted across industries.

Research has found that organizations introduce more than 300 new cloud services each month, contributing to about a third of high or critical cloud exposures.

These security failures can be particularly devastating: Research by Cado Security found that nearly nine in ten IT security decision-makers surveyed admitted their organizations suffered damage before cloud security incidents were contained and investigated.

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