In the era of cloud deployment and DevOps, cloud adoption has seen a steady rise since 2017. Forbes report state that global public cloud market will rise up to $178B in 2018, as compared to $146B in 2017, and it will continue to grow at a staggering rate of 22% compound annual growth rate (CAGR).
Though all major cloud service providers offer a wide range of efficient services related to Security, it still remains a looming concern when it comes to cloud adoption. Service providers definitely try to address the major concerns with respect to security, but it is always advisable to have a tab on all the major cloud security threats that can haunt you. Following are the top 5 trending cloud security threats for 2018:
Data breaches and losses
As the name suggests, breach of any confidential data pertaining to personal information, health or financial information is termed as a data breach. US reported the highest number of security breaches (1579) in 2017, with the business sector accounting for 55% of it.
Data breaches can be a primary objective of any malicious attack, or a result of poor security best practices. Data loss can be a result of any cyber-attack, natural disaster, or just an accidental deletion. The best way to avoid a data loss is to keep strong back-ups at different geographical locations.
Denial of Service (DoS) and Distributed Denial of Service (DDoS) attacks
This is one of the most popular forms of attack and very simple to execute for any cyber hacker. DoS is also trending in the Dark Web ecosystem, so it becomes even simpler for the attackers as a Dark Web service and can be availed easily by trading few cryptocurrencies. Some security countermeasures like implementing intrusion prevention system, or setting clear expectations with the ISP for clean bandwidth can help you to prevent DoS attacks to a limited extent.
Also, DDoS as-a-Service, which has been popular since decades, remains trending even in 2018. GitHub experienced the biggest-ever DDoS attack with an intensity as big as 1.35Tbps via 126.9 million packets per second.
Insecurity in APIs
Application Programming Interface (APIs) is a set of software user interfaces that is provided by cloud service providers, so that user can interact with the cloud environment. Exploiting an API vulnerability attack is the best way to gain access to all the confidential information, hence it needs to be secure thoroughly.
A critical vulnerability discovered in a popular browser extension i.e grammarly is a perfect example of threat posed by insecure APIs. API testing methodology is considered an effective way to secure cloud APIs before they go live. We can also perform API change reporting on a regular basis to ensure API security.
Lack of secure Identity and Access management
Attackers masquerading as developers, users, and operators can read, modify or miss-use the data on cloud. Hence lack of secure credentials, or access management can lead to a breach of information through unauthorized access to data and potentially leading to a big loss to the organization. A critical flaw was discovered CYBERARK Enterprise Password Vault application which allowed the attacker to gain unauthorized access to the system and data.
2017 was the year for malware attacks with popular malwares like Ransomware, Petya, Meltdown and Spectre disrupting the entire security mechanism of many organizations. This has affected everything, right from smartphones to servers and continues to be a looming threat for cloud as well. There are minor patch works that can be implemented to prevent these attacks, but they seem to degrade the performance of cloud servers to a great extent.
Having a close eye on these security vulnerabilities will help you secure your cloud solutions and ecosystems. With machine learning based cyber attacks and hacking becoming bolder and more common, it is not enough to stay current in your knowledge of these threats and cyber security solutions available in the market.
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