Exposed Cloud Data is a $28 Million Cyber Risk for the Average Company

By VARINDIA - 2022-10-06

Exposed Cloud Data is a $28 Million Cyber Risk for the Average Company

The average company with data in the cloud faces $28 million in data-breach risk, according to a new report from Varonis. The Great SaaS Data Exposure examines the challenges CISOs face in protecting data across a growing portfolio of SaaS apps and services such as Microsoft 365, Box, and Okta.

 

The study highlights how hard-to-control collaboration, complex SaaS permissions, and risky misconfigurations — such as admin accounts without multi-factor authentication (MFA) — have left a dangerous amount of cloud data exposed to insider threats and cyberattacks.

 

For the report, researchers at Varonis analyzed nearly 10 billion cloud objects (more than 15 petabytes of data) across a random sample of data risk assessments performed at more than 700 companies worldwide. 

 

Key findings from the Varonis report include:

Most companies are sitting on exposed data in the cloud. A whopping 81 percent of organizations had sensitive SaaS data exposed.

Companies face dangerous cloud data risks. In the average company, 157,000 sensitive records are exposed to everyone on the internet by SaaS sharing features, representing $28 million in data-breach risk.

Broad internal data exposure is a real problem One out of every 10 records in the cloud is exposed to all employees — creating an impossibly large internal blast radius, which maximizes damage during a ransomware attack.  

Missing MFA makes attackers' jobs easier. The average company has 4,468 user accounts without MFA enabled, making it easier for attackers to compromise internally exposed data. 

Sitting-duck admin accounts leave companies vulnerable. Out of 33 super admin accounts in the average organization, more than half did not have MFA enabled. This makes it easier for attackers to compromise these powerful accounts, steal more data, and create backdoors.

Untenable permission structures pose a big challenge. Companies have more than 40 million unique permissions across SaaS applications, creating a nightmare for IT and security teams responsible for managing and reducing cloud data risk.

 

Get the Report: The Great SaaS Data Exposure

"Cloud security shouldn't be taken for granted. When security teams lack critical visibility to manage and protect SaaS and IaaS apps and services, it's nearly impossible to ensure your data isn't walking out the door," says Brian Vecci, Field CTO, Varonis. "This report is a true-to-life picture of over 700 real-world risk assessments of production SaaS environments. The results underscore the urgent need for CISOs to uncover and remediate their cloud risk as quickly as possible."

 

“Organizations throughout India have been investing heavily in cloud adoption,” said Maheswaran Shamugasundaram, Country Manager for India, Varonis. “While the cloud has facilitated new ways to collaborate and made remote work possible, SaaS applications and services make protecting sensitive data more complex. The new report highlights how the cloud widens an organization's blast radius and quantifies how exposed data is at risk. To stay ahead of insider threats and cyberattacks, it is imperative to take a data-first approach to security, which starts with understanding that permissions and security in SaaS are extremely complex.”

 

Additional Resources

Read the full report

Get a Cloud Data Risk Assessment.

Request a demo from the Varonis team.

For more information on Varonis' solution portfolio, please visit www.varonis.com.

Visit our blog, and join the conversation on  Twitter, LinkedIn, and YouTube.

Watch and subscribe to SecurityFWD, Varonis' YouTube show covering the latest infosec tips, tricks, and tools.


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
 SOFTWARE  Placeholder image
UiPath partners with Orica to scale Application Testing and Automation capabilities

UiPath partners with Orica to scale Application Testing and Automation capabilities

UiPath and Orica announced a global partnership to scale Orica’s application testing...

Accenture rolls out Velocity that helps Clients drive up to 50% faster business transformation on AWS

Accenture rolls out Velocity that helps Clients drive up to 50% faster business transformation on AWS

Accenture launched Velocity, a jointly funded and co-developed platform with Amazon Web Se...

actyv.ai to help Axis Bank with Supply Chain Finance solutions

actyv.ai to help Axis Bank with Supply Chain Finance solutions

AI-powered Enterprise SaaS platform, actyv.ai announced its partnership with Axis Bank to...

VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
Partners are the frontrunners who help customers embrace Digital Transformation - SNA 2022

Partners are the frontrunners who help customers embrace Digital Transformation - SNA 2022

VARINDIA witnessed a tremendous growth and momentum among the partners who attended the 21...

SCADA/OT Security Acceleration Program launched by National Cyber CoE, C-DAC and Infopercept

SCADA/OT Security Acceleration Program launched by National Cyber CoE, C-DAC and Infopercept

Data Security Council of India’s National CoE program in collaboration with C-DAC (C...

Fortinet addresses top cybersecurity challenges at its LEAP 2022 Security Summit

Fortinet addresses top cybersecurity challenges at its LEAP 2022 Security Summit

Fortinet has recently hosted top customers from India & SAARC at Fortinet LEAP 2022 Se...

Crayon Software Experts concludes its 3-city Connect Partner summit

Crayon Software Experts concludes its 3-city Connect Partner summit

Crayon Software Experts India has recently concluded the 3-city Crayon Connect partner sum...


Copyright varindia.com @1999-2022 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription