![]() A significant concern for many who are adapting to a cloud-based workforce is misconfigurations and gaps in cloud security programs. In a recent report by Oracle & KPMG, over 90% of IT Professionals felt their organization had a cloud security readiness gap. While migrating to the cloud offers numerous advantages, it also poses certain threats and challenges. This uptick in cloud security breaches is projected to persist even after the pandemic as many companies continue to utilize the cloud and leverage its benefits. McAffee reported an increase of 630% in attacks by external actors targeting cloud services between January and April of 2020. ![]() In turn, cloud security has become a critical issue for IT security executives and their teams. Over the past few years, the number of organizations that have adopted cloud-based systems has grown exponentially, largely due to the COVID-19 pandemic. This presentation will walk through each of these use cases in detail and illustrate how to shift identity and access management to the left as part of a modern DevSecOps model with CIEM. To eliminate this gap, enterprises need a complete Cloud Infrastructure Entitlement Management (CIEM) platform that quickly and automatically generates activity-based least privilege policies, and offer mechanisms for developers to quickly and safely escalate access on a fine-grained basis. Currently, many organizations use manual processes and change requests to grant end-users access to their cloud resources, and a desire to reduce friction leads admins to often grant broad permissions “just-in-case,” leading to the Cloud Permissions Gap mentioned above. This gap will continue to grow as the vast number of API action/resource combinations influence a cloud IAM policy or role, and it’s clear that granting and maintaining least privilege access is challenging in these environments. Our recent State of Cloud Entitlements Report finds that over 95% of human and machine identities in the cloud are using less than 5% of the permissions granted this delta is called the Cloud Permissions Gap. Industry experts will discuss best practices to avoid a ransomware attack including adapting the Zero Trust model, what to do if your company is being held for ransom, ways to mitigate the damage caused by an attack, and how to recover afterwards. This panel will highlight where enterprises are most vulnerable to becoming a victim of ransomware and how utilizing a Zero Trust model minimizes this risk. By leveraging various technologies & techniques such as multifactor authentication, IAM, least privilege access, and microsegmentation, the Zero Trust model reduces the risk of a ransomware attack and minimizes the potential damage from a breach. It is predicted that in 2021, businesses will fall victim to a ransomware attack every 11 seconds with an estimated cost of over $20 billion – 57 times more than in 2015, making ransomware the fastest growing type of cybercrime.Īs a result, companies are transitioning from the traditional “trust but verify” method and implementing a Zero Trust model, requiring all users to be authenticated and continually authorized in order to be granted access and maintain access to company data and applications. Rather, these attacks are evolving and becoming more harmful as cyber criminals become more organized and effective. In 2020, there was an unprecedented growth in ransomware attacks and this trend shows no signs of slowing down.
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