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Global Cloud Computing Market report is deep study of the present market dynamics. Cloud Computing report studies the current state of the market to analyze the future opportunities and risks. It consists of the detailed study of current market trends along with the past statistics. Various important factors such as market trends, revenue growth patterns market shares and demand and supply are included in almost all the market research report for every industry.

The past years are considered as reference to get the predicted data for the forecast period. Various important factors such as market trends, revenue growth patterns market shares and demand and supply are included in almost all the market research report for every industry. A significant development has been recorded by the market of Cloud Computing, in past few years. It is also for it to grow further. Various important factors such as market trends, revenue growth patterns market shares and demand and supply are included in almost all the market research report for every industry.

This study covers following key players:Amazon Web ServicesVmwareMicrosoft AzureAliyunGoogle Cloud PlatformIBMSAPSalesforceOracleRackspaceDELLEMC

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Every market research report follows a robust methodology to define its market value. This report on Cloud Computing has been very well drafted to benefit anyone studying it. The study is done with the help of analysis such as SWOT analysis and PESTEL analysis. SWOT analysis includes the study of Threats, weaknesses, strengths and opportunities that the Cloud Computing Market. Whereas PESTEL analysis is the study concerning Economic, Technological, legal political, social, environmental matters. For the analysis of market on the terms of research strategies, these techniques are helpful. It is very important for the vendors to provide customers with new and improved product/ services in order to gain their loyalty. The up-to-date, complete product knowledge, end users, industry growth will drive the profitability and revenue. Cloud Computing report studies the current state of the market to analyze the future opportunities and risks.

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Market segment by Type, the product can be split intoInfrastructure as a service (IaaS)Platform as a Service (PaaS)Software as a Service (SaaS)

Market segment by Application, split intoGovernmentSmall and Medium sized enterprisesLarge enterprises

Potential consumers, market values, and the future scope for the Cloud Computing Market are explained thoroughly to the users in this report. The key players of Cloud Computing industry, their product portfolio, market share, industry profiles is studied in this report. The major market players are studied on the basis of gross margin, production volume, price structure, and market value. Adaptation of new ideas and accepting the latest trends are some the reasons for any markets growth. The Global Cloud Computing Market research report gives the deep understanding about the regions where the market is impactful. It also elaborates the big and small vendors working actively all over the globe.

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Global Cloud Computing Market 2020 by Type, Therapy, Treatment Cost, Growth, Key Players, Regional Analysis and Opportunities to 2025 - News Distinct

Data breaches that resulted from cloud misconfigurations cost businesses nearly $3.18 trillion in 2019, according to DivvyCloud heres what to know to protect your business

The Covid-19 pandemic is having huge effects on the economy, our social lives, and the ways in which we work. With many staff around the world now being required to work from home, the crisis has focused attention on cloud security and the resilience of its infrastructure to stand up to cloud security threats.

The cybersecurity vulnerabilities inherent to cloud storage are nothing new. Many companies were still in the process of improving their cloud security when the pandemic hit, but have now been forced to accelerate their plans.

This move includes a renewed push to encrypt cloud storage using AES and an increased consciousness of the risk of phishing attacks in cloud environments. Experts also reckon that improved cloud security can save businesses up to $1.4 million per cyber-attack.

In this article, well look at the top 5 cloud security threats and will show you how to mitigate the cloud vulnerabilities that are associated with them.

Lets hash it out.

The cloud is here to stay. Flexeras 2020 State of the Cloud Report (formerly the Rightscale State of the Cloud Report) shows that, for the first time since the first edition of its report was published, every survey respondent indicated that they had cloud strategy plans or already used cloud in one form or another. In fact, 93% of their respondents indicated that their organizations have multi-cloud strategies.

The widespread use of cloud by organizations of all sizes serves to further underscore the importance of mitigating cloud security threats by eliminating existing cloud vulnerabilities.

Here are the five most common cloud security threats and what your organization can do to mitigate them:

One of the primary threats to cloud storage systems is not a feature of these systems themselves, but rather a result of the way that companies use them. The growing number of cloud providers with large free service plans drives down costs and encourages even small companies to move all of their data to the cloud. In many cases, this is done without carefully thinking through access policies.

Access management includes two fundamental elements. One is a rigorous access policy, and the other is a set of authentication and identity verification tools.

Lets look at access policies first. There is a simple principle when it comes to designing access policies for cloud storage: If an employee doesnt need access to particular files or systems in order to do their job, then they shouldnt have it. You should conduct regular audits of the level of access your employees have to your cloud systems and remove any unnecessary privileges.

This is particularly true when employees leave your company. A number of high-profile recent data breaches have been caused by disgruntled employees who have found that they still have access to their corporate accounts even long after leaving the company. IT administrators, therefore, need to liaise closely with HR departments to ensure that theres a process for removing privileges for departing employees as soon as possible.

Alongside this policy, you should deploy the most secure authentication and identity verification tools that are feasible for your cloud environment. Many cloud vendors now offer multi-factor authentication (MFA) systems as part of their standard packages. In these systems, users must have access to a second device typically a smartphone in order to log in to your systems. This makes access to your cloud storage dramatically more secure.

If youre looking to improve your cloud security still further, you can implement a separation of duties (SoD) model. This model separates the tasks that can be performed within your cloud environment so that no one user is able to totally control it. This means that tasks that might be damaging to your company such as deleting certain files require more than one person to execute.

SoD models afford you with a greater level of security because they mean that even if an administrative account is hacked, the attacker will not gain a level of access to your cloud environment that will allow them to cause significant levels of damage.

Data breaches and leaks are more of a threat in cloud systems than in those managed in-house. This is simply due to the large amounts of data flowing between employees and cloud systems, which can be intercepted by hackers looking for weaknesses in your systems. This is what happened to Equifax in 2017 when the personal data of more than 148 million Americans was stolen and published by hackers.

In the Equifax breach, the attackers were able to take advantage of an expired digital certificate. This is what helped the breach to remain undetected for more than a month and a half a total of 76 days..

Dont Get Breached

91% of cyber attacks start with an email, which can leave your business open to devastating data breaches. Not securing your email is like leaving the front door open for hackers.

One of the best ways to mitigate this threat is to secure your data using in-transit and at-rest data security. This would include the use of encryption both for your email server and for the messages themselves.This would include the use of digital certificates such as SSL/TLS website certificates and S/MIME (secure/multipurpose internet mail extension) certificates.

You should also ensure that all of your staff can access your cloud securely from anywhere, while at the same time youre using a reputable virtual private network to encrypt data that is in transit between Wi-Fi access points and your companys network. What is considered reputable? You neednt invest in an enterprise VPN, which can cost hundreds of dollars per month per user. However, it is important to do your research to ensure that the VPN service youre investing in is genuinely secure.

This is particularly true if you are looking for cost-effective VPN services. As weve pointed out in our recent article on free VPNs, some of these services are not as secure as they claim to be. Some free or ostensibly free VPN services i.e., those that do not keep log files and are AES-encrypted are fine. Others will log all of your activity in order to sell on this information, or will use less secure encryption schemes. Both of these practices are a potential source of risk, and if youre investing in a security tool it really shouldnt expose you to more risk.

Data loss is another issue that plagues cloud systems. After moving your business processes to the cloud, the amount of data you store remotely can quickly grow to an unmanageable size, which makes backups both difficult and costly. Because of this, research has found that an average of 51% of organizations have publicly exposed at least one cloud storage service, and 84% of organizations have said that traditional security solutions dont work in cloud environments.

Not performing regular, thorough backups is a major threat because of the rise of ransomware attacks, in which a hacker will encrypt your cloud storage and demand payment for returning data to you.

If you wait until something goes wrong, its too late. Preventing this kind of attack means designing and implementing a rigorous and stable backup system now. Ideally, this should be a distributed system, in which data is backed up in multiple systems and locations, in order to avoid data loss from individual storage area network (SAN) systems crippling your business.

Application user interfaces (APIs) are the primary tools that enable interaction with cloud storage systems. Normally, APIs are used by (at least) two distinct sets of employees:

Unfortunately, many APIs still have security vulnerabilities, most often giving cloud storage providers undue levels of access to your data. It emerged a few months ago, for instance, that both Facebook and Google stored user passwords in plaintext, and that these could, therefore, be read by staff within those organizations.

Considering that the 2019 Online Security Survey by Google and Harris Poll shows that more than two-thirds of respondents reuse their passwords across multiple accounts, thats particularly worrisome.

Mitigating the threat presented by insecure APIs means choosing a cloud storage vendor carefully. A quality vendor will adhere to OWASP API security guidelines, and also be able to provide you with data on the number of attacks they have seen, and the number they have defeated.

DivvyCloud recently highlighted another common threat in cloud systems: misconfiguration, which can lead to data being left unsecured. Some companies dont change the default security settings on their cloud storage; others allow their data to be stored in large and confusing structures in which it is easy to leave particular files unprotected. A good example of the dangers of misconfigured cloud storage is the National Security Agencys (NSA) mishap, a mistake that made a number of top secret documents available to everyone via an external browser.

Such cloud vulnerabilities are exacerbated by the sheer number of systems that are now connected to cloud storage. Most companies will now use the cloud for all of their operational processes from certificate management and email outreach and marketing automation to small business phone and messaging systems. Managing data flowing to the cloud from multiple endpoints can be a challenge for even the most experienced admins.

For most companies, ensuring that your cloud storage is configured correctly will be a question of speaking to your cloud storage vendor, and seeking assurances (and potentially legal assurances) that these have been set up correctly. You should ensure that you have an understanding not only of your cloud storage system, but also of all the systems that you use alongside it that could compromise its security.

A quality cloud storage provider will take the time to assess how you use your cloud storage, and the other systems you use alongside it, and highlight any potential risks and cloud vulnerabilities that this gives rise to.

The present moment with the world battling a global pandemic might seem like a strange time to reassess your cloud security. But, in reality, this is a necessary step, and theres no better time than the present.

None of the cloud security threats above are new, but theyre more important than ever as employees are forced to work from home. As a result, encryption is essential to defend against as are regular audits of who has access to your cloud storage and choosing a high-quality cloud provider.

Ultimately, by using this opportunity to improve your cloud security, you will also be protecting your data, staff, and customers in the long term. This will set you and your organization up for a successful future.

Recent Articles By Author

*** This is a Security Bloggers Network syndicated blog from Hashed Out by The SSL Store authored by Gary Stevens. Read the original post at: https://www.thesslstore.com/blog/cloud-security-5-serious-emerging-cloud-computing-threats-to-avoid/

Original post:
Cloud Security: 5 Serious Emerging Cloud Computing Threats to Avoid - Security Boulevard

SINGAPORE Media OutReach 29 May 2020 In the sixth iteration of the Asia Cloud Computing Associations Cloud Readiness Index, Hong Kong, Singapore, New Zealand, Taiwan, and South Korea continue to lead the CRI 2020 rankings. This year, the CRI2020 adds a dimension of digital insight, as it offers an indication of a markets ability to leverage digital cloud computing tools and augment economic recovery capability from the Covid-19 pandemic.

Some of the hardest-hit economies with high infection rates are also some of the CRI2020s top scorers, noted Lim May-Ann, Executive Director of the Asia Cloud Computing Association (ACCA). The top-scoring group includes many economies which have done well in containing the virus spread, and we will be keeping a close watch on which economies leverage their strong cloud computing fundamentals to effect more rapid economic recovery.

The CRI 2020 is an index of the readiness of economies to maximise the capabilities of cloud computing, measuring cloud readiness against ten parameters, including international connectivity, domestic broadband quality, power sustainability, data centre risk, cybersecurity, privacy regulations, government regulatory environment, intellectual property protection, business sophistication, and freedom of information.

The international comparison of cloud readiness across APAC and non-APAC economies also provides an indicator of which markets have been able to continue economic activity, albeit with some limitations, adds Eric Hui, the Chair of the ACCA. There is no substitute for strong fundamentals in internet and cloud computing infrastructure in this respect.

Three key observations are made in CRI 2020: firstly, that cloud readiness is advancing in the Asia Pacific (APAC) region, but progress appears to be stalling. Secondly, the study notes that while the digital divide has narrowed, core capabilities such as managing natural risks, privacy, cybersecurity remain fragile, with many economies still implementing data localisation regulations which stymies cross-border data flows. And finally, emerging APAC markets risk losing out on economic recovery from Covid-19 by not leveraging next-generation technologies.

These observations are of concern to us at the ACCA, says Lim May-Ann. They indicate that some markets may have chosen to plateau their technology and infrastructural investments, and have also decided to put in regulatory restrictions around data flows, at a time when the freedom to use cloud productivity tools is needed the most to recover from the economic fallout from Covid-19.

Visit https://www.asiacloudcomputing.orgto download the full report.

Asia Cloud Computing Association Cloud Readiness Index 2020

Source: Asia Cloud Computing Association 2020

The ACCA is the apex industryassociation that represents stakeholders of the cloud computing ecosystem inAsia. Our mission is to accelerate the adoption of cloud computing through AsiaPacific by helping to create a trusted and compelling market environment, and asafe and consistent regulatory environment for cloud computing products andservices.

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Asia Cloud Computing Association: Covid-19 Economic Resilience and Recovery Capability Reflected in the Cloud Readiness Index 2020 - Business Insider

Despite the wide variety of cybersecurity guidelines, relatively few organizations deploying emerging technology have a mature security strategy. While cybersecurity awareness has increased, businesses with an ineffective cybersecurity posture face mounting risks. Cyberattacks themselves have become more damaging, and regulatory pressures related to security and privacy have escalated.

The Internet of Things (IoT) continues to raise the stakes, extending digital technologys reach into the physical realm. Thanks to the interface between the digital and physical world created by IoT technologies, a cyberattack could potentially prompt various scenarios, from business disruption to industrial accidents. In addition, as IoT technology becomes more sophisticated and distributed within IT environments from the cloud to edge architectures, cybersecurity grows more complex.

The question of what to defend has also grown murkier. Decades ago, organizations using computing technology had a clear perimeter to protect. Typically, their computing and networking hardware was located in one or more buildings. Similar to how nobility erected castles in the Middle Ages, computer security professionals built a series of defenses for assets. People and processes inside a defined perimeter were largely trusted, while those outside were not.

Although the castle approach remains, its limitations have grown more apparent. One of the central IoT security challenges is its incompatibility with a perimeter-based security model focused on guarding a homogenous set of computing assets. The popularity of cloud computing and remote working pose further hurdles. The increasing risk of attacks occurring within the traditional security perimeter is another worry. AsForresterobserved, the castle model tends to create a network with a hard, crunchy outside and a soft, chewy center. Additionally, over the past decade, a series of organizations with substantial often multimillion-dollar security budgets focused on perimeter-based defenses have fallen prey to attacks exposing troves of data.

One of the first steps in establishing a strong security foundation is to assess your various assets and related processes. Cybercriminals targeting your organization are likely to start with that same focus.

For manufacturers incorporating IoT functionality into products, this foundational stage involves addressing potential vulnerabilities early on as well as taking steps to harden products over time. While the need to incorporate baseline security in IoT devices is clear, until recently, manufacturers had little incentive to do so. Now, a growing body of legislation and regulatory precedent has spurred manufacturers to prioritize security.

It is creating a commercial pressure [for manufacturers] to at least have a baseline security level, or you could face legal ramifications, said Andrew Jamieson, director of technology and security at UL.

Similarly, organizations building IoT technology into an environment should assess the risk of each node on a network while addressing potential vulnerabilities created by new technology interfacing with legacy software and hardware.

To read the complete article, visit IoT World Today.

Read more:
Addressing IoT security challenges from the cloud to the edge - Urgent Communications

Amazon.com (NASDAQ:AMZN) stock, up33.2% since the start of the year, has been one of the market winners in 2020. Investors flocked to buy the shares as consumers flocked to the retail giant to buy essentials during the coronavirus pandemic. When most of us think of Amazon and its revenue potential, we think of this demand for general merchandise or groceries on the e-commerce site -- or even new signups to its Prime membership program.

But a big part of Amazon's revenue growth has to do with its cloud computing business, Amazon Web Services (AWS). The one thing you should know before buying Amazon shares is this: AWS operating income made up about 77% of Amazon's overall operating incomein the first quarter. That's up from a50% share of overall income in the same period a year ago.

Even if AWS' percentage contribution to operating income doesn't move any higher, it still will remain a key profit driver. Why? Let's take a look at AWS' market share and the demand for cloud computing services.

Image source: Getty Images.

AWS holds a nearly 48% share of the worldwide infrastructure-as-a-service (IaaS) public cloud market, making it the market leader, according to a Gartner report from July 2019. Microsoft (NASDAQ:MSFT) is in the second position, with about 16% of the market. In a separate report last November, Gartnerpredicted the global public cloud services market would grow 17% this year to reach $266.4 billion.

But that was before the coronavirus pandemic. Though the outbreak halted certain large projects, demand for general cloud computing services climbed as many companies shifted to remote working. Spending on cloud infrastructure services reached a record in the first quarter, rising 34% to $31 billion, according to Canalys.

As workers continue to telecommute during the next stages of the coronavirus crisis and some continue working from home even beyond the crisis, AWS may benefit from higher demand. And once business is back to normal, some of those postponed projects will start coming through as well.

Though the future looks bright for AWS, and therefore for Amazon, there are still a couple of points to watch. Industries most hurt by the coronavirus crisis, such as travel-related or retail companies, may delay spending on cloud infrastructure projects. This could impact AWS and its rivals.

And speaking of rivals, one, in particular, is catching up. While AWS holds the largest share of the market, Microsoft has jumped ahead when it comes to sales and growth rate. Microsoft's commercial cloud revenuejumped 39% in the most recent quarter to more than $13 billion, while AWS' revenue rose 33% to about $10 billion. And though AWS has been growing salesmore than 30% each quarter over the past year, it posted quarterly sales gains of as much as 49% back in 2018.

While it's important to keep an eye on those elements, for now, I don't see them darkening AWS' future. It's not uncommon for a player that has been around for a while to see growth slow from the earlier ramp-up stages. (AWS launchedin 2006, while Microsoftstarted its cloud computing business in 2010.) And increases in cloud infrastructure spending offer room for a few players to flourish.

As for AWS, with double-digit growth quarter after quarter and a lead in market share, I expect the business to be a significant contributor to Amazon's profit well into the future. And that's great news for Amazon's stock price.

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The 1 Thing You Should Know Before You Buy Amazon - The Motley Fool