Security Breach: The Cloud is on Fire - Promise vs. Problem

Embracing the efficiencies of cloud networks without fearing the data vulnerabilities they create.

Today we’re going to discuss an evolving vulnerability in the industrial sector – the security of cloud data and networks. We’re obviously talking about the use of IT infrastructure that’s not physically located within the plant or facility.

It’s a platform that is continuing to see an uptick in use. In fact, Netwrix, a leading cloud network security solutions provider, recently cited in their latest Cloud Data Security Report, that organizations expect to increase the amount of work done in the cloud from 41 percent to 54 percent by the end of 2023.

More specifically, this means an increased reliance on cloud storage for corporate financial information and intellectual property.

And while this is good news to cloud service providers, they’re apparently not the only ones enjoying this trend. Netwrix also cited that 53 percent of those surveyed suffered a cyberattack targeting their cloud network within the last 12 months.

But perhaps the most frightening statistic from the report is that despite these findings, 78 percent said they were satisfied with their cloud security.

Joining us to discuss these findings and the current state of industrial cybersecurity is Dirk Schrader, VP of Security Research at Netwrix.

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