Proofpoint, Inc. and Ponemon Institute released the results of a new study on “The Cost of Cloud Compromise and Shadow IT.” The average cost of cloud account compromises reached $6.2 million over a 12-month period, according to over 600 IT and IT security professionals in the U.S. In addition, 68% of these survey respondents believe cloud account takeovers present a significant security risk to their organizations, with more than half indicating the frequency and severity of cloud account compromises has increased over the last 12 months.
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How to prioritize patching in the exploit storm
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COVID made “flatten the curve” a household phrase in 2020, but did you know the concept also applies to vulnerability exploits? It turns out that what’s past is prologue in exploit trends. By tracking which attacks are being exploited the most, organizations discover important information to help proactively determine their vulnerability and risk. But it is also important to track attacks where activity has increased the most within a specified timeframe. It only takes one critical exploit to cause significant damage and, once inside the network, the attacker will need to move laterally and probably deploy additional exploits. That’s why understanding which exploits have the greatest likelihood of arriving on the network’s doorstep helps organizations prioritize patch management and risk assessment. This remains top of mind as cyber adversaries continue to maximize vulnerabilities, as we have recently seen with DearCry ransomware, for example.