2018 is set to be a very exciting year for cloud computing. In the fourth financial quarter of 2017, Amazon, SAP, Microsoft, IBM, Salesforce, Oracle, and Google combined had over $22 billion in their revenue from cloud services. Cloud services will only get bigger in 2018. It’s easy to understand why businesses love the cloud. It’s easier and more affordable to use third-party cloud services than for every enterprise to have to maintain their own datacenters on their own premises.

It’s certainly possible to keep your company’s data on cloud servers secure. But cyber threats are evolving, and cloud servers are a major target. Keep 2018’s top cloud security threats in mind, and you’ll have the right mindset for properly securing your business’ valuable data.

Data Breaches

2017 was a huge year for data breaches. Even laypeople to the cybersecurity world heard about September’s Equifax breach because it affected at least 143 million ordinary people.

Breaches frequently happen to cloud data as well.

In May 2017, a major data breach that hit OneLogin was discovered. OneLogin provides identity management and single sign-on capabilities for the cloud services of over 2,000 companies worldwide.

“Today we detected unauthorized access to OneLogin data in our US data region. We have since blocked this unauthorized access, reported the matter to law enforcement, and are working with an independent security firm to determine how the unauthorized access happened and verify the extent of the impact of this incident. We want our customers to know that the trust they have placed in us is paramount,” OneLogin CISO Alvaro Hoyos wrote on May 31st.

Over 1.4 billion records were lost to data breaches in March 2017 alone, many of which involved cloud servers.

Data loss

Sometimes data lost from cloud servers is not (Read more...)