More than a third of organizations suffered a serious cloud security incident in 2021. According to a survey of 300 cloud professionals covered by BetaNews, 36% of those respondents said that their organizations had suffered a severe cloud security data leak or breach in the past 12 months. Looking forward, eight in 10 survey participants said they were worried that they were vulnerable to a data breach related to a cloud misconfiguration.
No matter what niche your organization specializes in, building trust with your customers is a major pillar around which a business is built. In a world where customers are picky with who they work with, data security and privacy practices are quickly becoming a competitive advantage. Showing your customers that you take your regulatory and contractual obligations seriously goes a long way in earning their trust, while also reducing exposure to risk and liabilities.
Fintech, short for ‘financial technology, is the application of new technological advancements to products and services in the financial industry. The Fintech industry is rapidly evolving, driven in part by the adoption of new technologies such as artificial intelligence and blockchain-powered assets. Currently, the Fintech market is projected to reach $190 billion by 2026, growing annually by 13.7%.
As more and more businesses adopt cloud computing services for their operations, the threat against cloud infrastructure is also increasing. AWS, the huge cloud service provider in the market, provides many security features to secure the cloud structure and customer data. It is essential to understand the service provider’s security policy before adopting it for the business.
Since my previous blog CMMC Readiness was published in September 2021, the Department of Defense (DoD) has made modifications to the program structure and requirements of the Cybersecurity Maturity Model Certification (CMMC) interim rule first published in September 2020. CMMC 2.0 was officially introduced in November 2021 with the goal of streamlining and improving CMMC implementation.
