Security, Risks and Governance: Three Pillars for Agile Business

Symantec has recently announced new research revealing that enterprises are struggling to keep up with the rapid expansion of cloud within their businesses.

For this Symantec surveyed 1,250 security decision in 11 countries globally and that found more than half, 53% of all enterprise compute workload has been migrated to the cloud.

The survey titled Symantec’s Cloud Security Threat Report (CSTR) further reveals that 54% of enterprises indicate their organization’s cloud security maturity is not able to keep up with the rapid expansion of cloud apps and correct security practices.

Nico Popp, Senior Vice president, Cloud & Information Protection, Symantec said “our research shows that 69% of organizations believe their data is already on the Dark Web for sale and fear an increased risk of data breaches due to their move to cloud”.

“Data breaches can have a clear impact on enterprises’ bottom line, and security teams are desperate to prevent them. However, our 2019 CSTR shows it’s not the underlying cloud technology that has exacerbated the data breach problem – it’s the immature security practices, overtaxed IT staff and risky end-user behaviour surrounding cloud adoption.”

The report shows that 73% experienced a security incident due to immature practices. 93% lack of visibility into cloud workloads is the leading cause an overwhelming majority of survey CSTR data shows that 65% of organizations fail to implement MFA in IaaS configurations and 80% don’t use encryption. Around 83% feel they do not have processes in place to be effective in acting on cloud security incidents. Around 25% surveyed show that cloud Security alerts go unaddressed.

Additionally, the cloud is not immune to the risky behavior that plagued past technologies – respondents report users with weak passwords (37%) using poor password hygiene (34%), using unauthorized cloud apps (36%), and connecting with personal devices (35%) as common risky behavior.

Way Forward

Cloud has introduced new efficiencies and capabilities to the enterprise, the CSTR revealed. Investment in cloud cyber security platforms that leverage automation and AI to supplement visibility and overtaxed human resources is a clear way to automate defences and enforce data governance principles. As a of cyber security become increasingly impactful to business success, it is also time to recalibrate culture and adopt security best practices at a human level suggests the report.

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