Security Incidents in Cloud Storage is more

Organizations that store customer data in the cloud had security incidents in 2020. As a result, as many as 62 percent plan to remove sensitive data from the cloud or have already done so to improve their data security.

These are the findings of a new report shows the most common types of cloud security incidents in 2020 are 40 % phishing , ransomware or other malware 24% and accidental data leakage 17%

Data theft has caused considerable damage to businesses like Incidents involving insider data theft negatively impacted company valuation for 33 percent of organizations, while data theft by hackers led to customer churn and loss of competitive edge 35%

The biggest data security challenges named by respondents are lack of IT staff 52%, lack of budget 47% and lack of cloud security expertise 44%. Interestingly, 48 % of CISOs note that the organization’s desire for growth hinders efforts to ensure proper data security in the cloud.

To identify, detect and protect against threats in the cloud continuously, organizations should invest in solutions that help prioritize risks and automate security routines, such as tools that provide data discovery, activity auditing and alerting. That way, security teams can better manage risks, respond to the attacks promptly and minimize negative business outcomes.”

Among other findings every tenth large enterprise (1,000+ employees) that suffered a cloud data breach changed its senior leadership as a result. Five percent of respondents who experienced cloud data theft by hackers needed years to detect it, but organizations that both classify data and audit user activity are 1.5 times more likely to discover incidents in the cloud in mere minutes.

Following even high Security Hygiene, in some other way it’s getting a loophole and breach is happening.