The year 2020 has shown us that cloud computing is among the most powerful capabilities humanity has, enabling people around the globe continue their everyday business and education uninterrupted. We continue gathering the most interesting findings from industry research. If you’re interested in learning statistics on cloud usage, top cloud initiatives and cloud security concerns, read the 2020 State of the Cloud Security Statistics article.

In this digital era, more companies are encouraging or requiring employees to work from home. In addition to allowing employees to access the corporate network using their own devices, they are also turning to cloud computing, which is cost-effective and scales easily. However, not all of these organizations are prepared for the associated cloud security threats. Cloud providers often offer some protection capabilities, but their responsibility is primarily to ensure service availability.

The second most common type of malware incident is the notorious ransomware attack. According to the Verizon 2020 Data Breach Investigations report, the primary aim of a ransomware attack is “to disrupt operations badly enough and long enough that the organization will pay the ransom.” The average ransom payment in Q2 2020 was a whopping $178,254 — a 60% increase from Q1.

Data classification is a vital component of any information security and compliance program, especially if your organization stores large volumes of data. It provides a solid foundation for your data security strategy by helping you understand where you store sensitive and regulated data, both on premises and in the cloud. Moreover, data classification improves user productivity and decision-making, and reduces storage and maintenance costs by enabling you to eliminate unneeded data.

Cloud storage has become mainstream. It is one of the fastest-growing segments of IT spending and an indispensable tool for many modern businesses. However, not enough is being done to secure data residing in the cloud. According to Gartner, 90% of organizations that fail to control public cloud use will share information inadvertently or inappropriately through 2025. Almost all cloud security failures will be due to the cloud customer, not the service provider.

Cloud computing provides undeniable benefits for storing and accessing electronic health records. Files stored in the cloud are accessible anytime and anywhere from any device, which makes it easy to share critical medical information between healthcare workers. But is cloud storage secure enough to store, access and transfer sensitive personal and medical information?