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CYBER ATTACK: 89% of Nigerian companies on public cloud under threat

 

 

The recent increase in remote working provides extra motivation to disable cloud infrastructure that is being relied on more than ever, so it’s worrisome that many organizations still don’t understand their responsibility in securing cloud data and workloads

By Juliet Umeh

The latest report from a global Cybersecurity Company, Sophos has revealed that more than eight in 10 Nigerian companies suffered a public cloud security incident in the last one year.

The survey by the company on ‘The State of Cloud Security 2020’ said eight in 10 represented 86 percent of organizations in the country. It stated the attacks to include: ransomware, 34 percent; other malware, 43 percent; exposed data, 57; compromised accounts, 46 percent, and cryptojacking, 26 percent.

The report noted that globally, organizations running multi-cloud environments are greater than 50 percent more likely to suffer a cloud security incident than those running a single cloud.

Europeans suffered the lowest percentage of security incidents in the cloud, an indicator that compliance with General Data Protection Regulation (GDPR) guidelines are helping to protect organizations from being compromised.

It also said India, on the other hand, fared the worst, with 93 percent of organizations being hit by an attack in the last year.

Principal research scientist at Sophos, Chester Wisniewski, said: “Ransomware, not surprisingly, is one of the most widely reported cybercrimes in the public cloud.

The most successful ransomware attacks include data in the public cloud and attackers are shifting their methods to target cloud environments that cripple the necessary infrastructure and increase the likelihood of payment.

“The recent increase in remote working provides extra motivation to disable cloud infrastructure that is being relied on more than ever, so it’s worrisome that many organizations still don’t understand their responsibility in securing cloud data and workloads.

Cloud security is a shared responsibility, and organizations need to carefully manage and monitor cloud environments in order to stay one step ahead of determined attackers.”

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