Survey: Tech Security Experts are more Confident in Cloud Safety

According to a new survey that was carried out by Bitglass, Calif. data-protection firm, more than 52% of 2,000 cyber security pros think that cloud applications are secure. Only 40% felt that way last year, Bitglass said when releasing the study, titled ““The rise of purpose-built cloud security.”

Nevertheless, making an application accessible from an internet-connected gadget does poses risks of unauthorized access and data loss, Bitglass agreed. Some 53% of those surveyed named authorized access as their major security threat, followed closely by data (49%), data privacy (46%), account hijacking (44%), and insecure APIs (39%). More than a 60% said they fear cloud data cannot be protected by traditional security software.

Global adoption of advanced technologies and private cloud data centers has increased risks related to security considerably.

According to the Cloud Security Alliance, there are several prevalent security threats in cloud computing. These are:

  1. Data breaches

The data breach result in the loss of credit card and personal information of more than 110 million people every year. According to the Cloud Security Alliance report, cloud computing brings significant new possibilities of attack.

  1. Data loss

A data breach is caused by a malicious and probably invasive action. Data loss occurs mainly when a disk drive dies and the owner does not have a backup. When EC2 cloud suffered in 2011, some amount of data for some Amazon Web Service customers were lost. Data loss occurs in the event of a malicious attack.

  1. Account hijacking

Account hijacking is also a concern in the cloud.  Phishing and loss of credentials can all result to an intruder controlling a user account.

  1. Denial of service

Although denial of service is an old online operation disrupter, it still remains a threat.

  1. Malicious insiders

Malicious insiders are a common threat. If one is available in a large cloud organization, the threats are magnified. To protect themselves, users are always advised to keep their encryption keys on their premises.

Others threats that were listed by Cloud Security Alliance include abuse of cloud services, insufficient due diligence, and shared technology

According to another study from analyst firm Technavio, the worldwide IT security services will increase by 19% between 2016 and 2020. Technavio reported that growing concerns over unauthorized access to networks and cyber-attacks have increased the usage of IT security as a service.

The Asia Pacific will be the fastest-growing area in this market and is likely to record a compound annual growth rate (CAGR) of 23% by 2020 according to Technavio’s research.  Much of the area’s development comes from the heavy investment by some countries in endpoint security solutions, data loss prevention, and intrusion detection.

IT security as a service comprises security solutions like content security and security event monitoring. Growing investment in email and web security will contribute to the development of the overall security market in the future.