Corporate transfers of operations to the cloud have elevated the threat of hacking, as the cloud can be accessed remotely with ease.
Manav Mital, co-founder of cloud security startup Cryal, said cloud companies manage the upkeep and security of physical servers, but client requirements for ease of access have spawned new apps and databases, and increasingly complex services that are difficult to manage and monitor.
Although companies still shield private data behind firewalls and other security measures, more people and programs require access to data in the cloud, making it easier for bad actors to find potential vulnerabilities.
The Ponemon Institute estimated that cloud breaches cost each individual company $3.92 million on average.
From The Washington Post
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