9 Cloud Computing Security Risks Every Company Faces

June 25, 2015 Off By David

Grazed from SkyhighNetworks.  Author: Editorial Staff.

 The worldwide cloud computing market is expected to grow to $191 billion by 2020, according to analyst firm Forrester, up from $91 billion in 2015. There are numerous advantages of cloud computing driving a secular move to the cloud; among them lower cost, faster time to market, and increased employee productivity. However, the security of data in the cloud is a key concern holding back cloud adoption for IT departments.

Employees are not waiting for IT; they’re bringing cloud services to work as part of a larger “bring your own cloud” or BYOC movement. The Ponemon Institute surveyed 400 IT and IT security leaders to uncover how companies are managing user-led cloud adoption…

 
The Ponemon study identified 9 cloud risks. Following high-profile breaches of cloud platforms Evernote, Adobe Creative Cloud, Slack, and LastPass, it’s no wonder IT departments are concerned. The LastPass breach is particularly troubling, since the service stores all of a user’s website and cloud service passwords. Armed with these passwords, especially those belonging to administrators with extensive permissions for a company’s critical infrastructure, a cyber criminal could launch a devastating attack. The scale of the breach is extensive and 91% of companies have at least one LastPass user. The IT departments at these companies may not even be aware they have employees using LastPass…

Read more from the source @ https://www.skyhighnetworks.com/cloud-security-blog/9-cloud-computing-security-risks-every-company-faces/