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McAfee Reports Exposure of Sensitive Data in Cloud More Than Organisations Think

According to the report, threat events in the Cloud, (compromised account, privileged user and insider threats) have increased 27.7 per cent (YoY), with threats in Microsoft Office365 growing by 63 per cent (YoY)

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McAfee
Sensitive data in Cloud more exposed than organisations think: McAfee. IANS

Sharing sensitive data in the Cloud has increased exponentially and nearly a quarter of the data can be categorized as sensitive, putting an organisation at risk if stolen or leaked, a McAfee report revealed on Tuesday.

Twenty one percent of all files in the Cloud contain sensitive data, demonstrating a steady increase year-over-year (YoY), said the “Cloud Adoption and Risk Report” by the cyber security company.

“Coupled with the fact that sharing sensitive data in the cloud has increased 53 per cent (YoY), those who do not adopt a cloud strategy that includes data loss protection, configuration audits and collaboration controls, will endanger the security of their most valuable asset-data,” the report warned.

“Operating in the Cloud has become the new normal for organisations, so much so that our employees do not think twice about storing and sharing sensitive data in the Cloud,” said Rajiv Gupta, Senior Vice President of the Cloud Security Business, McAfee.

Logo of McAfee
Logo of McAfee, flickr

The sharing of sensitive data with an open, publicly accessible link, has increased 23 per cent (YoY) and organisations have more than 2,200 individual misconfiguration incidents per month in their Public Cloud infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) instances.

According to the report, threat events in the Cloud, (compromised account, privileged user and insider threats) have increased 27.7 per cent (YoY), with threats in Microsoft Office365 growing by 63 per cent (YoY).

“In order to continue to accelerate their business, organisations need a cloud-native and frictionless way to consistently protect their data and defend from threats across the spectrum of SaaS, IaaS and PaaS,” Gupta added.

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To secure sensitive data in cloud storage, file-sharing and collaboration applications, organisations must first understand which Cloud services are in use, hold their sensitive data, and how that data is being shared and with whom.

“Once organisations have gained this visibility, they can then enforce appropriate security policies to prohibit highly sensitive data from being stored in unapproved cloud services,” said the report. (IANS)

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61% IT Professionals Report Data Breaches: McAfee

In Asia-Pacific countries, intellectual property theft is of greater concern than personally identifiable information, the study said

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McAfee
Sensitive data in Cloud more exposed than organisations think: McAfee. IANS

IT security professionals are struggling to secure their organisations and protect them against breaches with 61 per cent claiming to have experienced a data breach at their current employer, says a new report from global cyber security firm McAfee.

Data is now being stolen by several methods, with no single technique dominating the industry.

The top vectors used to appropriate data are database leaks, Cloud applications and removable USB drives, said the report titled “Grand Theft Data II — The Drivers and Shifting State of Data Breaches”.

Data breaches are becoming more serious as cyber criminals continue to target intellectual property, putting the reputation of company brand at risk and increasing financial liability, the results showed.

“Threats have evolved and will continue to become more sophisticated,” Candace Worley, Vice-President and Chief Technical Strategist at McAfee, said in a statement.

Logo of McAfee
Logo of McAfee. Flickr

“Organisations need to augment security measures by implementing a culture of security and emphasising that all employees are part of an organisation’s security posture, not just the IT team,” Worley said.

For the study, data was collected via online interviews of IT professional in several countries, including India, between 12 and December 31, 2018. To qualify for the survey, organisations had to have more than 1,000 employees.

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According to results, personally identifiable information is of greater concern in Europe, most likely due to enforcement of the General Data Protection Regulation (GDPR).

In Asia-Pacific countries, intellectual property theft is of greater concern than personally identifiable information, the study said. (IANS)