Cloud environments were frequent targets for cyber attackers in 2023. Eighty-two percent of breaches that involved data stored in the cloud were in public, private or multi-cloud environments. Attackers gained the most access to multi-cloud environments, with 39% of breaches spanning multi-cloud environments because of the more complicated security issues. The cost of these cloud breaches totaled $4.75 million, higher than the average cost of $4.45 million for all data breaches.
The reason for this high cost is not only the penalties paid for the data breaches but also the amount of time (mean time to identify, or MTTI) it takes to discover and remediate the breach. The typical time in days that it takes to identify a breach is significant across all configurations, with the worst being multi-cloud and hybrid-cloud environments.
The figure above is measured in days. (Source: IBM)
These statistics are not only alarming but could conceivably be catastrophic, depending on the number and type of breaches that occur. They clearly spell out the compelling need for data protection in cloud applications and infrastructure.
Just how popular is the cloud?
According to a study published by G2.com in April 2023:
Cloud-first is the mantra
All companies use at least one public or private cloud
By 2025, 85% of organizations will be “cloud first”
Over 60% of all corporate data is in cloud storage
100 trillion gigabytes of data will be stored in the cloud by 2025.
Multi-cloud is popular
98% of enterprises use or plan to use at least two cloud infrastructure providers
31% of enterprises have four or more clou ..
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