Business-Critical Cloud Adoption Growing yet Security Gaps Persist, Report Says

Oracle Press release 

Oracle and KPMG study finds that confusion over cloud security responsibilities, lack of visibility and shadow IT complicate corporate security

REDWOOD SHORES, Calif. and NEW YORK—Feb 20, 2019

Companies continue to move business critical workloads and their most sensitive data to the cloud, yet security challenges remain, according to the second annual Oracle and KPMG Cloud Threat Report 2019 released today. The report found that 72 percent of respondents feel the public cloud is more secure than what they can deliver in their own data center and are moving data to the cloud, but visibility gaps remain that can make it hard for businesses to understand where and how their critical data is handled in the cloud.

The survey also found a projected 3.5 times increase in the number of organizations with more than half of their data in the cloud from 2018 to 2020, and 71 percent of organizations indicated that a majority of this cloud data is sensitive, up from 50 percent last year. However, the vast majority (92 percent) noted they are concerned about employees following cloud policies designed to protect this data.

The report found that the mission-critical nature of cloud services has made cloud security a strategic imperative. Cloud services are no longer nice-to-have tertiary elements of IT—they serve core functions essential to all aspects of business operations. The 2019 report identified several key areas where the use of cloud service can present security challenges for many organizations.

• Confusion about the shared responsibility security model has resulted in cybersecurity incidents. Eighty-two percent of cloud users have experienced security events due to confusion over the shared responsibility model. While 91 percent have formal methodologies for cloud usage, 71 percent are confident these policies are being violated by employees, leading to instances of malware and data compromise.
• CISOs are too often on the cloud security sidelines. Ninety percent of CISOs surveyed are confused about their role in securing a Software as a Service (SaaS) versus the cloud service provider environment.
• Visibility remains the top security challenge. The top security challenge identified in the survey is detecting and reacting to security incidents in the cloud, with 38 percent of respondents naming it as their top challenge today. Thirty percent cited the inability of existing network security controls to provide visibility into cloud-resident server workloads as a security challenge.
• Rogue cloud application use and lack of security controls put data at risk. Ninety-three percent of respondents indicated they are still dealing with “shadow IT”—in which employees use unsanctioned personal devices and storage or file share software for corporate data. Half of organizations cited lack of security controls and misconfigurations as common reasons for fraud and data exposures. Twenty-six percent of organizations cited unauthorized use of cloud services as their biggest cybersecurity challenge today.

“The world’s most important workloads are moving to the cloud, heightening the need for a coordinated, integrated and layered security strategy,” said Kyle York, vice president of product strategy, Oracle Cloud Infrastructure. “Starting with a cloud platform built for security and applying AI to safeguard data while also removing the burden of administrative tasks and patching removes complexity and helps organizations safeguard their most critical asset—their data.”

“As organizations continue to transition their cyber security thinking from strictly risk management to more of a focus on business innovation and growth, it is important that enterprise leaders align their business and cyber security strategies,” said Tony Buffomante, U.S. Leader of KPMG LLP’s Cyber Security Services. “With cloud services becoming an integral part of business operations, there is an intensified need to improve the security of the cloud and to integrate cloud security into the organization’s broader strategic risk mitigation plans.”

Oracle Press release