Weekly CloudNews: Enterprise Clouds Under Attack During Pandemic

Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!

It’s been a big week here at CloudBolt with the news of our acquisition of SovLabs. We couldn’t be more thrilled to have them as part of the family. Read our Q&A with CloudBolt SEO Jeff Kukowski on the move to learn more.

With that, onto this week’s news:

Futuristic Firms Seek Freedom in a Multi-cloud Era

Sneha Bokil, Enterprise Talk, June 1, 2020

“According to IDC, global data will grow 61% compounded annually to 175 zettabytes in the next six years, with a maximum amount of the data residing in the cloud and the data centers.

According to LogicMonitor, 83% of enterprise workloads will be shifting to the cloud by 2020. Gartner predicted that by the end of 2021, over 75% of medium and large organizations would have adopted either a hybrid or a multi-cloud IT strategy – which refers to businesses using a mixture of third-party and on-premise clouds.

Data is rising to popularity at such an unbelievable pace that, for most of the companies, it doesn’t make any strategic sense to run their data centers. It makes more sense for these businesses to outsource their data to some specialized cloud storage provider at minimum cost, allowing them to allow their manpower to focus on driving business innovation.”

Despite Reduced IT Budgets Due to COVID-19, IT Decision-Makers Continue Cloud and Analytics Investments

David Marshall, VMBlog, May 28, 2020

“Yellowbrick Data, the industry’s leading data warehouse for hybrid cloud, today announced the results of a survey assessing the impact of COVID-19 on enterprise IT. Yellowbrick Data received responses from more than 1,000 enterprise IT managers and executives, uncovering their infrastructure priorities during this era of economic uncertainty and disruption.

At a high level-and contrary to conventional wisdom-not all IT budgets are being cut. Even with the economic challenges that COVID-19 has posed for businesses, almost 38 percent of enterprises are keeping their IT budgets unchanged (flat) or actually increasing them.

Many firms are modernizing by adding cloud services, with 55 percent of enterprises looking at a hybrid cloud strategy as their best approach. 

Despite enterprises embracing the cloud, some skepticism remains. More than a quarter (27 percent) of enterprise leaders say they do not trust public cloud providers to prioritize their business needs.”

Enterprise clouds hammered by cyber attacks during pandemic

Alex Scroxton, Computer Weekly, May 27, 2020

“A steady stream of attacks on enterprise clouds during the first couple of months of 2020 has become a flood since the start of the Covid-19 coronavirus pandemic, with external attacks spiking by more than 600% in the space of a few weeks.

That is according to new statistics produced by cyber security firm McAfee using data drawn from 30 million users of its Mvision Cloud service. The Cloud adoption and risk report – work-from-home edition highlights what McAfee describes as ‘significant’ and ‘potentially long-lasting’ trends as the usage of cloud services, often accessed via unmanaged devices, spikes during lockdown.

Hawthorn said it was crucial for organisations to recognise their role within the shared responsibility model, making everyone accountable for cyber security, from enterprise IT teams, to managed service providers accessing their networks, down to individual employees.

‘When managed correctly, cloud is the most secure place to do business and an incredible driver of business growth, innovation and resiliency,’ he said. ‘Collaboration, strong data governance and regular staff training are the keys to making this a reality.’”

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