Ransomware and malware, exposed data, compromised accounts, and cryptojacking to blame;
GDPR shows promise with Europeans suffering least
A new report, The State of Cloud Security 2020, a global survey from next-generation cybersecurity leader Sophos, shows more than eight in ten (86%) organizations from Nigeria experienced a public cloud security incident in the last year – including ransomware (34%), other malware (43%), exposed data (57%), compromised accounts (46%), and cryptojacking (26%).
Globally, organizations running multi-cloud environments are greater than 50% more likely to suffer a cloud security incident than those running a single cloud.
Europeans suffered the lowest percentage of security incidents in the cloud, an indicator that compliance with General Data Protection Regulation (GDPR) guidelines are helping to protect organizations from being compromised.
India, on the other hand, fared the worst, with 93% of organizations being hit by an attack in the last year.
“Ransomware, not surprisingly, is one of the most widely reported cybercrimes in the public cloud. The most successful ransomware attacks include data in the public cloud, according to the State of Ransomware 2020 report, and attackers are shifting their methods to target cloud environments that cripple necessary infrastructure and increase the likelihood of payment,” said the Principal Research Scientist at Sophos, Chester Wisniewski. “The recent increase in remote working provides extra motivation to disable cloud infrastructure that is being relied on more than ever, so it’s worrisome that many organizations still don’t understand their responsibility in securing cloud data and workloads. Cloud security is a shared responsibility, and organizations need to carefully manage and monitor cloud environments in order to stay one step ahead of determined attackers.”
How organisations unintentional open door: How attackers break in
Accidental exposure continues to plague organizations, with misconfigurations exploited in 64% of reported attacks in Nigeria.
Detailed in the SophosLabs 2020 Threat Report, misconfigurations drive the majority of incidents and are all too common given cloud management complexities.
- Despite this, only around a quarter of organizations (25%) from Nigeria say lack of staff expertise is a top area of concern.
Data from Sophos Cloud Optix, a cloud security posture management tool, further reveals that globally 91% of accounts have overprivileged identity and access management roles, and 98% have multi-factor authentication disabled on their cloud provider accounts.
Where is the silver lining?
- Nearly all respondents (97%) from Nigeria admit to concern about their current level of cloud security, an encouraging sign that it’s top of mind and important.
- Appropriately, “Identifying and responding to security incidents” tops the list of security concerns for nearly half of respondents (45%) followed by “managing access to cloud accounts” and
- “data leaks” (32% and 32% respectively).
- Interestingly only 54% of respondent from Nigeria say they have full awareness of their cloud assets
- And 22% say they are aware of only a minority.
What you should know about this Survey
The State of Cloud Security 2020 report highlights findings of an independent survey conducted by Vanson Bourne among more than 3,500 IT managers across 26 countries in Europe, the Americas, Asia Pacific, the Middle East, and Africa that currently host data and workloads in the public cloud.
The full report, along with a detailed list of cloud security recommendations, is available HERE.
Sophos also offers you the opportunity to take control of your cloud security with a free inventory assessment and security check
See the full report on the threat landscape and trends in the SophosLabs 2020 Threat Report
Here is also the Sophos’ recent global survey, The State of Ransomware 2020, which finds 59% of successful ransomware attacks involved data in the public cloud
Sophos’ superiority in global cybersecurity market
As a worldwide leader in next-generation cybersecurity, Sophos protects more than 400,000 organizations of all sizes in more than 150 countries from today’s most advanced cyber threats.
Powered by SophosLabs – a global threat intelligence and data science team – Sophos’ cloud-native and AI-powered solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cyberattack techniques, including ransomware, malware, exploits, data exfiltration, active-adversary breaches, phishing, and more.
Sophos Central, a cloud-native management platform, integrates Sophos’ entire portfolio of next-generation products, including the Intercept X endpoint solution and the XG next-generation firewall, into a single “synchronized security” system accessible through a set of APIs.
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