Cloud computing introduced a paradigm shift in how companies operated, maintained and spent on IT. Through its varied service models (IaaS, PaaS and SaaS), it offers companies the ability to spin up their infrastructure in minutes, auto scale on demand, pay only as per use and offset significant IT costs spent on running and maintaining expensive datacentres albeit at the expense of reduced granularity and control over infrastructure resources.
Whilst the last decade saw a number of enterprises experiment with cloud deployments, the verdict on its business value was still unclear. This has however changed in recent years, primarily due to the speed and tremendous growth of some of cloud’s early adopters (like Netflix and Spotify), which have made cloud a central part of every CIOs digital transformation strategy today.
The Challenge
However, the paradigm shift brought by the cloud has also meant that organisations need to adapt their current operating models and overcome a number of challenges to unlock the true business value from their cloud deployments.
Cloud security is one such challenge since the traditional perimeter based “castle and moat” approach used by enterprises for security does not bode well in the new hybrid environment where enterprise IT consists of a mix of SaaS, on-prem and public cloud deployments.
Not-so-distant examples of high-profile data breaches in the cloud are a stark reminder of the need for cloud security. The global pandemic due to COVID-19 has only intensified cyber-criminal activity, with a recent analysis by the IBM X-Force IRIS team of cloud security incidents identifying data theft, cryptomining, and ransomware as the top three threats to the clou ..
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