As cloud computing rises like a techy, binary phoenix, cyber villains have zeroed in on the fluffy digital clouds with alarming gusto. According to the 2024 Thales Cloud Security Study, ringing the alarm bells with input from around 3,000 IT heroes and security warriors across 18 countries, a staggering 44% confessed to cloud data breaches. Worse yet, a not-so-cool 14% were ambushed by cyber gremlins in just the past year. Clearly, we’re handing out more invites to our data parties than we can handle!
Moreover, like a bad game of whack-a-mole, some organizations seem to be playing “catch the SaaS”, with 31% of breaches targeting Software as a Service applications. Dig a little deeper, and you’ll find out that 66% of businesses are juggling over 25 SaaS apps, and nearly half their data is sitting there up in the skies, flagged as ‘sensitive’. Despite the glaring “Handle with Care” label, less than 10% of enterprises are encrypting 80% or more of their sensitive cloud data. It’s like locking the vault with a hairpin!
In response to the onslaught of digital dismay, companies are morphing into proactive protectors of their cloud realms. The term “digital sovereignty” is making the rounds as firms strive to fortify, segregate, and govern their digital dominions better, with the zeal of medieval knights defending their castles. Motivated by the dreams of future-proof cloud kingdoms and tightening the reins to comply with regulations, they’re encrypting, authenticating, and monitoring like never before.
**Hot Take:**
If our cloud data is a juicy steak, we’re grilling it out in the open with every hacker in town sniffing around. It’s high time we turned up the heat on security before our digital BBQ goes up in flames! Meanwhile, let’s encrypt like there’s no tomorrow—because at this rate, there might not be!
Original Article: https://www.techradar.com/pro/security/cloud-data-breaches-are-becoming-a-serious-threat-for-businesses-everywhere