COVID-19 has introduced many new normals for business, and IT operations are no exception. Despite tighter technology budgets in the wake of the economic recession, companies are moving full steam ahead toward the cloud due to the agility and scale it provides.
According to a recent report from Flexera, 59% of companies surveyed plan on increasing their spending on cloud services in the post-pandemic world, with 30% of companies planning to spend "significantly" more. But cybercriminals and other threat actors are adapting to the technology, too, taking advantage of the fact that organizations are still discovering best practices surrounding cloud security and incident response.
The risk is high — with cloud systems often holding an unprecedented amount of valuable and sensitive data that can put both organizations and their customers in danger if breached. Our team of security incident responders at IBM X-Force IRIS have taken the opportunity to analyze the most common types of cloud compromises we've seen over the past year, how they're being used to cause harm, and where organizations should focus to reduce their risks. Here's what we found.
How Threat Actors Are Compromising Cloud EnvironmentsWhile there are several ways we've seen cybercriminals target cloud systems, the most common initial infection vector was remote exploitation of cloud applications. In fact, this top attack pathway accounted for 45% of the cloud-related cybersecurity events we examined in our recent "Cloud Threat Landscape Report" (registration required). In many cases, vulnerable applications were present in the environment but remained un ..
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