Average cost of cloud account compromises reached $6.2 million over a 12-month period

Proofpoint, Inc. and Ponemon Institute released the results of a new study on “The Cost of Cloud Compromise and Shadow IT.” The average cost of cloud account compromises reached $6.2 million over a 12-month period, according to over 600 IT and IT security professionals in the U.S. In addition, 68% of these survey respondents believe cloud account takeovers present a significant security risk to their organizations, with more than half indicating the frequency and severity of cloud account compromises has increased over the last 12 months.

from Cyber Security News https://ift.tt/3fStyMO