54% breaches in Saudi Arabia, UAE originate in cloud, costing $2.3m annually
Cyber security, Information technology, Trends

54% breaches in Saudi Arabia, UAE originate in cloud, costing $2.3m annually

Inadequate cloud security practices are leaving organisations in the UAE and Saudi Arabia susceptible to data breaches, according to new research from Illumio. The Illumio Cloud Security Index found that 54% of breaches in the UAE and Saudi Arabia now originate in the cloud, costing organisations US$2.3m annually.

This is particularly concerning given that over three quarters, 76% of respondents are running high-value applications in the cloud; 100% of respondents admit to storing sensitive data in the cloud; 98% say a cloud breach would impact their operations, with nearly half, 46% admitting a cloud breach would make maintaining normal operations impossible; 70% of respondents believe that cloud security in their own company is inadequate and represents a major risk, higher than the global average, 63%.

Fears about inadequate security practices are likely down to an inability to see and respond to risks in the cloud; 97% say they need better visibility of connectivity with third-party software. This lack of visibility is impacting organisations’ ability to respond to attacks, with 97% saying they need to improve their reaction time to cloud breaches. 98% are also concerned that the connectivity between their cloud services and on-prem environments increases the likelihood of a breach.

Respondents are also concerned about the consequences of attacks via the cloud. Service downtime is deemed to be the biggest risk in the UA, 38%, a lot higher than the global average of 29%, demonstrating the criticality of the cloud for business. This was followed by a loss of productivity, 35%, and lawsuits, 33%, a lot higher than the global average of 21%.

“We are seeing rapid adoption of the cloud in the UAE and Saudi Arabia, but as cloud adoption increases, so do the risks,” said Ashraf Daqqa, Regional Director for META at Illumio.

 

January 10, 2024

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