Source URL: https://www.theregister.com/2024/09/30/pwc_security_survey/
Source: The Register
Title: Cloud threats have execs the most freaked out because they’re not prepared
Feedly Summary: Ransomware? More like ‘we don’t care’ for everyone but CISOs
Efficiency and scalability are key benefits of enterprise cloud computing, but they come at a cost. Security threats specific to cloud environments are the leading cause of concern among top executives and they’re also the ones organizations are least prepared to address.…
AI Summary and Description: Yes
**Summary:** The text highlights the growing significance of cybersecurity within enterprise cloud environments, driven by increasing threats and complex regulatory requirements. A recent PwC report reveals that cloud threats are the primary concern for executives, while generative AI poses dual challenges and opportunities for organizations.
**Detailed Description:**
– **Security Concerns in Cloud Computing:**
– 42% of business leaders identify cloud threats as the biggest security challenge.
– Hack-and-leak operations (38%), third-party breaches (35%), and attacks on connected products (33%) are the most concerning types of threats.
– Ransomware is a notable concern but ranks lower (27%) among the overall responses, although Chief Information Security Officers (CISOs) show a higher concern rate of 42%.
– **Preparedness versus Concern:**
– Executives feel least prepared to handle the cloud attacks (34%), indicating a significant gap in organizational readiness.
– The top fears align with the issues organizations feel least equipped to tackle, demonstrating a critical area for improvement.
– **Impact of AI on Cybersecurity:**
– Generative AI, although valuable for enhancing security measures, has simultaneously contributed to a wider attack surface.
– 67% of respondents noted that increased AI adoption has slightly or significantly raised their vulnerability to cyberattacks.
– Organizations are increasingly deploying generative AI for positive applications in threat detection and response.
– **Regulatory Influence on Security Posture:**
– A high percentage (96%) of business leaders acknowledge that regulatory requirements compel them to enhance security.
– New frameworks, including DORA, CIRCIA, and the Cyber Resilience Act, are emerging alongside existing standards like GDPR.
– Embracing regulatory compliance is framed as a strategic advantage, improving security frameworks and resilience against threats.
– **Investment in Cybersecurity:**
– The report indicates that regulatory pressures have resulted in increased cybersecurity investment, with 32% of organizations reporting large increases.
– Executives are encouraged to align efforts across various departments to ensure compliance and improve overall security posture.
In summary, the text underscores the urgent need for organizations to enhance their cybersecurity measures in cloud environments while navigating the complexities of emerging threats, AI utilization, and regulatory requirements. This offers vital insights for security and compliance professionals aiming to bolster their strategies in the face of a dynamic cybersecurity landscape.