The inherent benefits of cloud computing – flexibility in cost, scalability, security – helped it to quickly outpace client-server, on-premises computing. However, as companies have moved their data from on-premises to the cloud at unprecedented rates, rising cloud storage fees followed. In fact, in a Virtana survey, 69% of IT leaders said storage accounts for more than 25% of total cloud costs, with 23% reporting it represents more than half of their overall costs.
As corporate data moved to the cloud, so have career cyber criminals sensing a lucrative goldmine. According to a report from Venafi, 8 in 10 organizations said that they experienced a cloud-related security incident in 2022, and 45% of the organizations that faced a cloud security incident experienced at least four attacks during that period. It’s clear that cloud breaches are accelerating, and companies are struggling to mitigate risks.
The “Big 3” cloud providers – AWS, Microsoft, and Google – have built their brands and staked their reputations on their high level of security, both physically at their global data centers and through embedded security controls that keep corporate data and…
