{"id":603841,"date":"2023-02-02T07:49:01","date_gmt":"2023-02-02T13:49:01","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/02\/cloud-security-top-risk-to-enterprises-in-2023-says-study\/"},"modified":"2023-02-02T07:49:01","modified_gmt":"2023-02-02T13:49:01","slug":"cloud-security-top-risk-to-enterprises-in-2023-says-study","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/02\/cloud-security-top-risk-to-enterprises-in-2023-says-study\/","title":{"rendered":"Cloud security top risk to enterprises in 2023, says study"},"content":{"rendered":"<div id=\"content-header\">\n<h2>A PwC study finds senior executives expect cyber attacks on cloud services to increase significantly this year<\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Alex-Scroxton-CW-Contributor-2022.jpg\" alt=\"Alex Scroxton\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Alex-Scroxton\">Alex Scroxton,<\/a><br \/>\n\t\t\t\t\t\t<span>Security Editor<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>01 Feb 2023 15:45<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>Cloud-related risks are top of the cyber security agenda for senior executives in the UK, according to a PwC study, with 39% expecting such risks to \u201csignificantly affect\u201d their organisation in the coming months, more so than <a href=\"https:\/\/www.computerweekly.com\/news\/252529062\/Davos-2023-Pervasive-cyber-crime-and-cyber-security-gaps-pose-severe-risk-to-organisations\">other forms of cyber risk<\/a> emanating from other sources, such as physical endpoints, web applications, or software supply chains.<\/p>\n<p>Moving into the second month of the year, the findings from PwC\u2019s <em><a href=\"https:\/\/www.pwc.co.uk\/issues\/cyber-security-services\/insights\/cyber-security-outlook-2023.html\">Global digital trust insights survey<\/a><\/em>, which polled thousands of decision-makers globally in the summer of 2022, anticipate a clear spike in attacks against cloud management interfaces in particular, cited by 33% of UK respondents as a potential problem.<\/p>\n<p>To a lesser degree, organisational leadership is also concerned about business email compromise (BEC) and so-called \u201chack and leak\u201d attacks, cited by 27%.<\/p>\n<p>Meanwhile, 24% expect ransomware attacks to significantly increase, and 20% are worried that attacks on the industrial internet of things (IIoT) and operational technology (OT) assets will rise significantly.<\/p>\n<p>\u201cIn part, the increase in cloud-based threats is a result of some of the potential cyber risks associated with digital transformation,\u201d said Richard Horne, PwC cyber security chair.<\/p>\n<p>\u201cAn overwhelming majority (90%) of UK senior executives in our survey ranked the \u2018increased exposure to cyber risk due to accelerating digital transformation\u2019 as the biggest cyber security challenge their organisation has experienced since 2020.<\/p>\n<p>\u201cHowever, these digital transformation efforts \u2013 which include initiatives such as migration to cloud, moving to ecommerce and digital service delivery methods, the use of digital currencies and the convergence of IT and operational technology \u2013 are critical to future-proofing businesses, unlocking value and creating sustainable growth.\u201d<\/p>\n<p>Indeed, about two-thirds of UK respondents told PwC they had not yet fully mitigated the risks associated with digital transformation, in spite of the potential cost, and reputational damage, of an incident \u2013 27% of global chief financial officers who took part said they had experienced an incident in the past three years that had cost over $1m.<\/p>\n<p>On a brighter note, there does seem to be plenty of money available to help, which runs <a href=\"https:\/\/www.computerweekly.com\/news\/252529214\/IT-budgets-under-pressure-due-to-poor-economic-outlook\">contrary to forecasts from analysts at Forrester<\/a>, who predicted a 3.6% decline in general IT spending this year as organisations face a budget shortfall. Cyber security seems relatively unaffected by PwC\u2019s metrics, with 59% of UK respondents saying they expect their security budgets to increase.<\/p>\n<section data-menu-title=\"Heightened state of awareness\">\n<h3><i data-icon=\"1\"><\/i>Heightened state of awareness<\/h3>\n<p>Hand-in-hand with growing cyber budgets is a gathering awareness in the boardroom of the complexity of cyber threats and the damaging impact of an attack.<\/p>\n<p>At just under half of UK organisations, a \u201ccatastrophic\u201d cyber incident was held to be the top risk scenario they faced, ahead of both global recession or a resurgence of a new Covid-19 variant. PwC said this echoed the findings of a previous study of CEOs that found 64% of UK leaders were \u201cextremely or very concerned\u201d about cyber attacks hitting their ability to conduct business.<\/p>\n<p>Bobbie Ramsden-Knowles, crisis and resilience partner at PwC UK, commented: \u201cThe potentially destructive impact of cyber threats such as ransomware have significant implications for the wider resilience of whole organisations.<\/p>\n<p>\u201cOnly by taking a more strategic approach to resilience across high impact and increasingly plausible threats can organisations protect what matters most to business survival and reputation, and ultimately build trust.\u201d<\/p>\n<\/section>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on IT risk management<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.computerweekly.com\/news\/252520716\/Two-thirds-of-UK-organisations-defrauded-since-start-of-pandemic\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/credit-card-fraud-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/credit-card-fraud-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/credit-card-fraud-adobe.jpg 1280w\" alt ><\/p>\n<h5>Two-thirds of UK organisations defrauded since start of pandemic<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Alex-Scroxton-CW-Contributor-2022.jpg\" alt=\"AlexScroxton\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Alex\u00a0Scroxton<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/252487346\/Cyber-attack-combined-with-Covid-19-puts-Travelex-into-administration\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/Travelex-currency-exchange-cash-getty_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Travelex-currency-exchange-cash-getty_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Travelex-currency-exchange-cash-getty.jpg 1280w\" alt ><\/p>\n<h5>Cyber attack combined with Covid-19 puts Travelex into administration<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/252466953\/UK-poor-cyber-security-practice-undermining-controls\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/data-security-padlock-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/data-security-padlock-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/data-security-padlock-adobe.jpg 1280w\" alt ><\/p>\n<h5>UK poor cyber security practice undermining controls<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Warwick-Ashford-2019-CW-staff.jpg\" alt=\"WarwickAshford\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Warwick\u00a0Ashford<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/252462854\/AWS-to-power-Australias-2021-online-census\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/Australia-sydney-fotolia_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Australia-sydney-fotolia_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Australia-sydney-fotolia.jpg 1280w\" alt ><\/p>\n<h5>AWS to power Australia\u2019s 2021 online census<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Aaron-Tan-CW.jpg\" alt=\"AaronTan\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Aaron\u00a0Tan<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/365530175\/Cloud-security-top-risk-to-enterprises-in-2023-says-study\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Becki Kucera<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A PwC study finds senior executives expect cyber attacks on cloud services to increase significantly this year By Alex Scroxton, Security Editor Published: 01 Feb 2023 15:45 Cloud-related risks are top of the cyber security agenda for senior executives in the UK, according to a PwC study, with 39% expecting such risks to \u201csignificantly affect\u201d<\/p>\n","protected":false},"author":1,"featured_media":603842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4441,20,46],"tags":[],"class_list":{"0":"post-603841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cloud","8":"category-security","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/603841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=603841"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/603841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/603842"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=603841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=603841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=603841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}