85 Percent Unable to Identify Anomalous Behaviour in Cloud

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

85 Percent of Organisations Unable to Identify Anomalous Behaviour Across Cloud Applications

Bitglass, the Next-Gen CASB company, today announced the findings of its “Cloud Hard 2018: Security with a Vengeance” Report, which features survey insights from over 570 cybersecurity and IT professionals on their approach to cloud security. Visibility and compliance challenges continue to haunt organisations, with less than half of respondents claiming they have visibility into external sharing and DLP policy violations in their cloud application and environments. More shocking was the fact that 85 percent of organisations acknowledged they were unable to identify anomalous behaviour across cloud applications.

The cloud security market is growing in large part because traditional security infrastructure has failed. Where next-gen firewalls and built-in capabilities are insufficient for regulatory compliance, internal compliance, and cloud data protection, dedicated cloud security becomes critical. Specifically, 84 percent of respondents say traditional security solutions don’t work or have limited functionality in the cloud.

“Cloud security is here to stay as is evident by the concerns and challenges survey respondents highlighted,” said Bitglass CMO Rich Campagna. “Enterprise security teams are concerned about the next-generation of cloud threats that pose a risk to corporate data. There has already been immense progress in the past five years as security personnel come to the realisation that legacy security tools and processes are not enough to secure their ever-changing ecosystem.”

When asked about biggest security threats to their organisation, most cited misconfigurations (62 percent) similar to the numerous AWS S3 leaks over the past year, followed by unauthorised access (55 percent). 39 percent said external sharing was the most critical threat while 26 percent highlighted malware and ransomware.

Key Report Highlights:

Less than half (44%) have visibility into external sharing and DLP policy violations.
Only 15% of organisations surveyed can see anomalous behavior across apps.
While 78% have visibility into user logins, only 58% have visibility into file downloads and 56% into file uploads.
To protect mobile data, 38% of organisations install agents and 24% use a trusted device model, where only provisioned corporate-owned devices are allowed access to company systems.
11% have no mobile access control solution in place, granting access to any smartphone or tablet.
69% of organisations rely solely on endpoint solutions for malware protection, tools which cannot detect or block malware at rest in the cloud or employees’ BYO devices.

For more findings and to view the complete report, please visit: https://pages.bitglass.com/CloudHard_LP.html

85 Percent of Organisations Unable to Identify Anomalous Behaviour Across Cloud Applications

Bitglass, the Next-Gen CASB company, today announced the findings of its “Cloud Hard 2018: Security with a Vengeance” Report, which features survey insights from over 570 cybersecurity and IT professionals on their approach to cloud security. Visibility and compliance challenges continue to haunt organisations, with less than half of respondents claiming they have visibility into external sharing and DLP policy violations in their cloud application and environments. More shocking was the fact that 85 percent of organisations acknowledged they were unable to identify anomalous behaviour across cloud applications.

The cloud security market is growing in large part because traditional security infrastructure has failed. Where next-gen firewalls and built-in capabilities are insufficient for regulatory compliance, internal compliance, and cloud data protection, dedicated cloud security becomes critical. Specifically, 84 percent of respondents say traditional security solutions don’t work or have limited functionality in the cloud.

“Cloud security is here to stay as is evident by the concerns and challenges survey respondents highlighted,” said Bitglass CMO Rich Campagna. “Enterprise security teams are concerned about the next-generation of cloud threats that pose a risk to corporate data. There has already been immense progress in the past five years as security personnel come to the realisation that legacy security tools and processes are not enough to secure their ever-changing ecosystem.”

When asked about biggest security threats to their organisation, most cited misconfigurations (62 percent) similar to the numerous AWS S3 leaks over the past year, followed by unauthorised access (55 percent). 39 percent said external sharing was the most critical threat while 26 percent highlighted malware and ransomware.

Key Report Highlights:

Less than half (44%) have visibility into external sharing and DLP policy violations.
Only 15% of organisations surveyed can see anomalous behavior across apps.
While 78% have visibility into user logins, only 58% have visibility into file downloads and 56% into file uploads.
To protect mobile data, 38% of organisations install agents and 24% use a trusted device model, where only provisioned corporate-owned devices are allowed access to company systems.
11% have no mobile access control solution in place, granting access to any smartphone or tablet.
69% of organisations rely solely on endpoint solutions for malware protection, tools which cannot detect or block malware at rest in the cloud or employees’ BYO devices.

For more findings and to view the complete report, please visit: https://pages.bitglass.com/CloudHard_LP.html