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News Article

Unique Security Challenges in the Cloud

By Cinthya Alaniz Salazar | Thu, 04/21/2022 - 09:24

Even though cloud computing services have been celebrated as an enabling solution for the digital transformation, their rapid assimilation has inadvertently created unique opportunities for cybercriminals to exploit. Mexico Business News has invited industry leaders from Checkpoint, Forcepoint and Oracle to discuss how cloud services have created new cybersecurity challenges and the future of this market.

Companies were forced to accelerate the adoption of transformative technologies, often without the development of a detailed strategic roadmap. Cloud services came to revolutionize the digital infrastructures of companies, a global market that grew 40.7 percent in 2020 and is now worth US$64.3 billion, according to Gartner. This growth points to a decisive business shift away from traditional on-premise models and toward disaggregated digital infrastructures, with often different providers.

Forced to submit, Mexican companies embraced cloud solutions in mass, fomenting the growth of the second largest infrastructure-as-a-service market in Latin America. This market potential has not gone unnoticed by cloud service providers, which have poured billions in the construction of cloud centers and supporting data centers in the country’s most important cities. However, security gaps and misconfigurations have become a metastasizing problem that jeopardizes the benefits of greater cloud adoption.

Market urgency demanded companies to integrate cloud service solutions hastily and often imperfectly, a process that inadvertently created opportunities for cybercriminals to exploit and initially collided with an indifference to security preparedness in Mexico. The synergy of these two conditions made Mexican companies a prime target for cybercriminals in 2021, enduring a daily onslaught of more than 427 million cyberattacks, more than any other Latin American country, according to data compiled by Fortinet. In 2022 securing digital infrastructures from the risks created by cloud services will be a prime objective for CPUs and cybersecurity experts.

Mexico Business hosts conferences on Mexico’s most important industries. In 2021, the company welcomed 2,136 industry-shaping companies and 758 leading speakers to 13 industry-leading conferences. Hosted on Zoom, Mexico Cybersecurity Summit will break geographical barriers and welcome global industry leaders while reducing COVID-19 related risks or possible outbreaks.

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The data used in this article was sourced from:  
Gartner
Photo by:   Rawpixel
Cinthya Alaniz Salazar Cinthya Alaniz Salazar Journalist & Industry Analyst