Businesses are increasing their software-as-a-service subscriptions, while the Singapore government plans to migrate most of its IT systems to commercial cloud services within five years from 2018.
The future operating environment could well be cloud-first. Yet, the large volumes of data concentrated in cloud servers will be highly attractive to cyber criminals. While security is a top concern among cloud users, many are also turning to the cloud to address their security challenges.
Worldwide spending on cloud security solutions is growing rather than shrinking, where the total spend for 2019 is forecasted to reach $459bn, more than double of what was spent in 2017, according to a report by Gartner.
Bringing security to the masses
The rise in cloud security adoption has much to do with the growth in the maturity of cloud computing. With greater economies of scale and technological advancements in cloud services, providers are able to deliver significant cost savings, seamless and quick deployment, committed availability as well as on-demand scalability.
By comparison, on-premise solutions can often be resource-intensive, slow and outdated in their cyber security efforts, and highly inflexible due to the fixed infrastructure.
In today’s operating environment, organisations have to be prepared to simultaneously defend against multi-pronged and multi-party cyber attacks, which are evolving in sophistication, speed and accuracy. Looking back at the scale and frequency of cyber security breaches over the past two years, it is clearly increasingly unviable for a single organisation to defend against all potential threats. – Read more
