The world is increasingly embracing cloud technology. The fact that cloud requires minimal infrastructure and operational costs is attracting enterprises to shift to cloud. Remote and hybrid work modes following the pandemic has added to the continued rise of cloud.
The market for Software-as-a-Service (SaaS) applications, or apps, was valued at $186B in 2022, and expected to grow to $700B by 2030, a CAGR of 18%. As organizations adopt more SaaS apps for business-critical operations, they expose sensitive data across an ever larger and more diversified variety of egress points in the cloud. And as attackers tend to follow the data, they are targeting SaaS apps like never before.
If you use the Azure cloud, Azure security groups should be on your radar because they’re a fundamental component of securing your resources. As we move into 2023, 63% of SMB workloads are hosted in the cloud, and cyber threats continue to increase, with 45% of breaches reportedly being cloud-based. The good news is Azure security groups act as virtual firewalls, allowing you to define and control access to your network resources, such as virtual machines, subnets, and applications.
CrowdStrike is defining the future of cloud-native application protection platforms (CNAPP) with CrowdStrike Falcon® Cloud Security. As the industry’s most comprehensive agent-based and agentless cloud security platform, we stop cloud breaches. The 2023 Gartner® Market Guide for CNAPP shares that there are multiple CNAPP offerings in the market that meet the core requirements mentioned in the report. Vendors of these offerings are listed in the report as 26 Representative Vendors.
Be the first to receive the Cloud Threats Memo directly in your inbox by subscribing here. While the most common cloud apps are also the most exploited for delivering malicious content, opportunistic and state-sponsored threat actors are constantly looking for additional cloud services to leverage throughout multiple stages of the attack chain.
