Cloud Infrastructure is the Greatest Source Of Cyber Risk

Cloud Infrastructure is the Greatest Source Of Cyber Risk to Indian Businesses. This poses a significant threat to organizations, requiring immediate attention and proactive measures. These findings are part of the Indian edition of “Old Habits Die Hard: How People, Process and Technology Challenges Are Hurting Cybersecurity Teams in India.

A report highlights that 57% of Indian respondents express that a lack of data hygiene in user data and vulnerability management systems prevents employees from making prioritisation decisions.

Additionally, 56% of organisations spend 11 hours or more per month creating security reports for business leaders and 46% of them use multi-tabbed spreadsheets to analyse data from different solutions.

While 28% hold monthly meetings on business-critical systems, 9% of organisations only meet once a year (or less), indicating a need for more consistent strategic discussions on organisational security.

The Factors Contributing to the Risk are -

# Rapid adoption of cloud technology

# Complexity of cloud environments

# Lack of awareness and expertise and

# Data security concerns

Consequences of Cloud-based Cyberattacks:

· Data breaches: Unauthorized access to sensitive data can lead to financial losses, reputational damage, and legal consequences.

· Disruption of operations: Cyberattacks can disrupt critical business processes, leading to productivity losses and revenue declines.

· Loss of customer trust: Consumers are increasingly concerned about data privacy and security, and a cyberattack can damage their trust in a business.

Cloud infrastructure offers significant benefits for businesses, but it also introduces new security risks. Organizations must be aware of these risks and take proactive steps to mitigate them. By implementing sound security practices, businesses can leverage the advantages of cloud technology while protecting themselves from cyber threats.

S Mohini Ratna, Editor, VARINDIA