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The average cost of commitments to cloud accounts reached $ 6.2 million over a 12-month period, according to Proofpoint, a cybersecurity and compliance company, in its latest report The Cost of Cloud Compromise and Shadow IT.
Image credit: Proofpoint
In a survey of 600 computer and IT security professionals in the United States, 75% of respondents said that the use of cloud applications and services without the approval (or knowledge) of information technology (IT) ) is creating substantial risks for their organizations. While some respondents had confidence (24% very secure and 30% confident), users used IT-approved cloud services and applications to share tools and collaboration tools, only 40% believed their organizations knew all the applications, platforms and cloud computing. infrastructure services used by its users.
An average of 42% of corporate data is stored in the cloud, but only an average of 27% of corporate data is stored in an IT-controlled cloud environment. The majority of corporate data (67%) is stored in cloud services deployed by different corporate IT departments.
Protecting cloud data remains a challenge, as 68% of the cloud account poses a significant risk to their organizations. More than half indicated that the frequency and severity of these violations have increased over the past year. Only 44% of respondents believe that their organizations have established clearly defined roles and responsibilities to protect confidential or confidential information in the cloud. Less than 40% said their organizations were attentive to conducting cloud application evaluations prior to deployment.
Committed cloud accounts are costly incidents and should lead organizations to invest in technologies, in-house experience, and user training and awareness programs. Costs include hours spent with staff responding to the incident, downtime for applications, business process solutions, fines, legal fees, consultants / attorneys, MSSP, notification of individuals and business partners affected by the exposure of your confidential information and loss of customers and business relationships due to damage to reputation.
On average, respondents reported 64 cloud account commitments per year, with 30% exposure to sensitive data. The average annual IT budget of the organizations represented in this research was $ 167 million. An average of 22 percent, or $ 36.8 million, was allocated to secure cloud-based resources. An average of six IT security personnel would be involved in resolving compromised cloud accounts, with the IT security team spending an average of 14,184 hours per year to deal with these breaches.
Microsoft 365 and Google Workspace accounts are heavily targeted by cloud attacks based on brute force and fishing. In one year, organizations experience an average of 138 hours of application downtime.
Read the full app from Proofpoint, The Cost of Cloud Compromise and Shadow IT.
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