In 2019, the Capital One breach led to the exposure of 100 million customers’ personal data due to a misconfigured WAF. The incident ultimately cost Capital One over $270 million in fines and compensation, demonstrating the serious risks inherent in cloud security and highlighting the urgent need for robust security measures. As cloud adoption accelerates, public cloud services spend is expected to jump 20.4% versus 2023, reaching $675.4 billion this year.