Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    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.

    1. Home
    2. >Business
    3. >NEARLY HALF OF COMPANIES IDENTIFY DATA LOSS PROTECTION AS NO. 1 CLOUD SECURITY PRIORITY
    Business

    Nearly Half of Companies Identify Data Loss Protection as No. 1 Cloud Security Priority

    Published by Gbaf News

    Posted on August 5, 2017

    6 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    An image depicting opposition lawmakers in Ukraine pushing to oust the energy minister, reflecting the political climate that can influence the coil coatings market's growth and trends in the construction industry.
    Opposition lawmakers in Ukraine advocating for energy minister's removal - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

     New Research Study Surveys UK, Benelux and Nordics on Cybersecurity Trends &Organisational Investment Priorities

    Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced the results of a comprehensive research, “Cybersecurity Trends 2017 Spotlight Report,” that explores the latest cybersecurity trends and organisational investment priorities among companies in the UK, Benelux and Nordics. Conducted amongst 317 security professionals, the survey indicates that while cloud adoption is on the rise, the top concern is how to secure data in the cloud and protect against data loss (48 per cent). The next two biggest priorities for security professionals were threats to data privacy (43 per cent) and regulatory compliance (39 per cent).

    The study also examined the top constraints faced by these organisations in securing cloud computing infrastructures.  The study found that organisations lack internal security resources and expertise to cope with the growing demands of protecting data, systems and applications against increasingly sophisticated threats (42 per cent). This is closely followed by a desire to reduce the cost of security (33 per cent), moving to continuous 24×7 security coverage (29 per cent), improving compliance (24 per cent) and increasing the speed of response to incidents (20 per cent).

    Public cloud platform providers like Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform offer many security measures, but organisations are ultimately responsible for securing their own data and the applications running on those cloud platforms.

    According to Verizon’s recent security report, attacks on web applications are now the no. 1 source of data enterprise breaches, up 300 per cent since 2014. Similarly, the report found cybersecurity professionals – more than half of survey participants – to be most concerned about customer-facing web applications introducing security risk to their business (53 per cent). This is followed by mobile applications (48 per cent), desktop applications (33 per cent) and business applications such as ERP platforms (31 per cent). Application related breaches have negative consequences and can lead to revenue loss, significant recovery expense, and damaged reputation.

    “Web applications are the most significant source of breaches for organisations leveraging cloud and cloud hybrid computing infrastructures,” said Oliver Pinson-Roxburgh, EMEA Director at Alert Logic. “They are complex, with a large attack surface that can be compromised at any layer of the application stack and often utilise open source and third-party development tools that can introduce vulnerabilities into an enterprise.”

    Organisations can implement incentives to prevent gaps in the security policy of an application or to avoid vulnerabilities in the underlying system that are caused by flaws in the design, development, deployment, upgrade, maintenance or database of the application. Additionally, many businesses turn to cloud security vendors with a “products + services” strategy rather than technologies alone to fight web application attacks.  Businesses increasingly find that a combination of cloud-native security tools provided in combination with 24×7 security monitoring by security and compliance experts is the best way to secure their sensitive data – and the sensitive data of their customers – in the cloud.

    “A multi-layer web application attack defence is the cornerstone of any effective cloud security solution and strategy,” said Pinson-Roxburgh.

     New Research Study Surveys UK, Benelux and Nordics on Cybersecurity Trends &Organisational Investment Priorities

    Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced the results of a comprehensive research, “Cybersecurity Trends 2017 Spotlight Report,” that explores the latest cybersecurity trends and organisational investment priorities among companies in the UK, Benelux and Nordics. Conducted amongst 317 security professionals, the survey indicates that while cloud adoption is on the rise, the top concern is how to secure data in the cloud and protect against data loss (48 per cent). The next two biggest priorities for security professionals were threats to data privacy (43 per cent) and regulatory compliance (39 per cent).

    The study also examined the top constraints faced by these organisations in securing cloud computing infrastructures.  The study found that organisations lack internal security resources and expertise to cope with the growing demands of protecting data, systems and applications against increasingly sophisticated threats (42 per cent). This is closely followed by a desire to reduce the cost of security (33 per cent), moving to continuous 24×7 security coverage (29 per cent), improving compliance (24 per cent) and increasing the speed of response to incidents (20 per cent).

    Public cloud platform providers like Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform offer many security measures, but organisations are ultimately responsible for securing their own data and the applications running on those cloud platforms.

    According to Verizon’s recent security report, attacks on web applications are now the no. 1 source of data enterprise breaches, up 300 per cent since 2014. Similarly, the report found cybersecurity professionals – more than half of survey participants – to be most concerned about customer-facing web applications introducing security risk to their business (53 per cent). This is followed by mobile applications (48 per cent), desktop applications (33 per cent) and business applications such as ERP platforms (31 per cent). Application related breaches have negative consequences and can lead to revenue loss, significant recovery expense, and damaged reputation.

    “Web applications are the most significant source of breaches for organisations leveraging cloud and cloud hybrid computing infrastructures,” said Oliver Pinson-Roxburgh, EMEA Director at Alert Logic. “They are complex, with a large attack surface that can be compromised at any layer of the application stack and often utilise open source and third-party development tools that can introduce vulnerabilities into an enterprise.”

    Organisations can implement incentives to prevent gaps in the security policy of an application or to avoid vulnerabilities in the underlying system that are caused by flaws in the design, development, deployment, upgrade, maintenance or database of the application. Additionally, many businesses turn to cloud security vendors with a “products + services” strategy rather than technologies alone to fight web application attacks.  Businesses increasingly find that a combination of cloud-native security tools provided in combination with 24×7 security monitoring by security and compliance experts is the best way to secure their sensitive data – and the sensitive data of their customers – in the cloud.

    “A multi-layer web application attack defence is the cornerstone of any effective cloud security solution and strategy,” said Pinson-Roxburgh.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostLacklustre Spelling Attitude Could Be Crossing a Quarter of Adults Off Job Shortlists
    Next Business PostFasken Martineau Releases Primer on Procurement Rules in the New Canadian Free Trade Agreement