Cloud computing is changing how companies handle their data, providing unparalleled scalability and flexibility. Gartner predicts that by 2025, 85% of businesses will primarily use cloud services. But this change also brings in associated security risks. The 2023 Cloud Security Report by Cybersecurity Insiders found that 93% of companies are concerned about security risks in the cloud. As more businesses move to the cloud, making sure they have good security measures is very important.

Compromised secrets, such as leaked API and SSH keys, credentials, and session tokens, are the leading cause of cloud security incidents. While attackers can directly compromise secrets through methods like phishing, they can also gain control by finding and taking advantage of simple misconfigurations in your environment.

It is more important than ever to keep your info safe. Malware, ransomware, and cybercriminals who target cloud-based assets are always a danger to businesses because more and more sensitive data is being stored in the cloud. Cybersecurity Ventures recently released a report that says the costs of cybercrime will hit $10.5 trillion per year by 2025. Data breaches and cloud vulnerabilities will be the main causes of this.

93% of last year’s data breaches began with compromised credentials. Before the cloud, security perimeters were defined by physical walls and network boundaries, but in the cloud, that perimeter has all but dissolved. Consider what happened in November 2023, when a cloud observability vendor found evidence of unauthorized access to its staging environment — an environment that housed customer data and PII.

In today’s rapidly evolving digital landscape, IT leaders, whether CIOs, CISOs, or VPs of IT, are responsible for driving a range of initiatives that enable business growth and success. Projects like cloud migration, hybrid workforce enablement, and SaaS adoption are now essential. However, these initiatives carry inherent risks that need to be carefully managed, especially when it comes to performance, security, and user experience.

When security information and event management (SIEM) tools came to the market over a decade ago, many practitioners considered the combination of information management and event management groundbreaking. Since then, the technology has gone through iterations to improve and enhance its capabilities, including the incorporation of user and entity behavior analytics (UEBA), machine learning and AI capabilities, and “out-of-the-box” configurations for smaller organizations to rely on.

Mobile Breakthrough Awards has named Forward Networks the winner of its “2024 Enterprise Cloud Computing Software of the Year” award. This is Forward Networks’ fifth consecutive award win for Enterprise Cloud Computing from Mobile Breakthrough’s Award program.