More than half (53%) of respondents said attacks increased during the pandemic and 84% have experienced a significant security incident in the past two years. The most common type of attack is email compromise (42%), followed by data breach (39%), mobile malware (37%), DDoS attack (36%), phishing (33%), ransomware (31%), and regulatory compliance violation (28%).
More than 40% said the primary cost of security incidents was the IT time and personnel needed to remediate them. Other costs included lost productivity (36%), disruptions to applications and systems (35%), disruption to business processes (32%), breach of confidential data (28%), public breach disclosure (19%), and employees terminated or prosecuted (18%).
Security leaders job is tougher than it was two years ago, 49% of respondents said. The top challenges they cited include a more complex threat landscape (48%), moving workloads to the cloud and difficulty monitoring the larger attack surface (32%), and workforce hirin
Cloud Compromise Costs Organizations $6.2M Per Year
Organizations reported an average of 19 cloud-based compromises in the past year, but most don t evaluate the security of SaaS apps before deployment.
Cloud compromise is expensive, and its costs continue to rise. A new report finds compromised cloud accounts led to an average financial loss of $6.2 million for surveyed organizations, or an average of 3.5% of their total revenues over the past 12 months.
To learn more about how businesses protect confidential data in the cloud, the Ponemon Institute, commissioned by Proofpoint, surveyed 662 IT and IT security pros in the US. They discovered while cloud-focused attacks are expensive for victims, most lack processes for how cloud-based resources are evaluated for security or who is responsible for vetting them.
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