Hackers are constantly creating new malware and exploits to breach customer datacenters because data is valuable to them.
The problem is many times we don’t even know an intruder is our systems until it’s too late. It may surprise you to know that the average time an intruder remains undetected in a customer’s network is 206 days. That means for almost 7 months a hacker could be working in your system without you knowing about it. What does that do your reputation?
And once you do find out about it, the remediation costs can be very high. Figures vary depending on which report you read, but conservatively the average cost of a datacenter breach is around $3.5M USD, and this can go much higher depending on the industry you’re in.
Gartner estimates that by 2022, at least 95% of cloud security failures will be the customer’s fault due to misconfigurations and mismanagement.
Security risks are always out there, or, as Gartner put it: “The rapid adoption of cloud services, along with an increasing number of cloud infrastructure and platform services, has created an explosion in the complexity and unmanaged risk”. When moving to the cloud (to IaaS, PaaS or SaaS) you will see responsibilities are shifting. Where on-premise responsibilities sit mostly with the IT team, icloud responsibilities are shifting to either a shared or a cloud vendor-owned model depending on whether it is security IN the cloud or security OF the cloud.