Cloud Archives - Sound Computers | Westbrook, CT

Cloud computing has revolutionized the way businesses operate. It offers scalability, flexibility and cost-efficiency. However, cloud services also come with a downside: cloud waste.

In an age where businesses increasingly rely on cloud computing for their operations, the issue of cloud waste has become a significant concern. Cloud waste refers to the unnecessary or inefficient use of cloud resources which lead to inflated costs and decreased efficiency. 

The global pandemic put a big emphasis on the need to run a business from anywhere. Enabling employees to work remotely requires cloud solutions. This includes collaborative platforms like Google Workspace and Microsoft 365. VoIP (Voice over Internet Protocol) phone systems have also become critical.

Cloud misconfiguration has become one of the most significant threats to cloud security. Cloud vulnerabilities have increased by 28% since last year. There was an increase in the offer of cloud accounts on the dark web of 200%. The catastrophic impact of cloud misconfiguration has made it clear that proper cloud security and configuration is of the utmost importance. 

Cloud file storage revolutionized the way we handle documents. Gone were the days of needing to email files back and forth. No more wondering which person in the office has the most recent copy of a document.

Between 2015 and 2022, the percentage of worldwide corporate data stored in the cloud doubled. It went from 30% to 60%. A majority of organizations use cloud storage of some type. Typical services include OneDrive, Google Drive, Dropbox and others.

Stolen login credentials are a hot commodity on the Dark Web. There are prices every type of online account from banking to social media. For example, hacked social media accounts will go for between $30 to $80 each.

Last year, the REvil cybercrime gang ruined the Independence Day Holiday for hundreds of American businesses after successfully launching a ransomware attack. The attack forced hundreds of companies to close temporarily. REvil demanded a ransom of $70 million to unlock their files.

This attack isn’t a one-off. Ransomware is a growing threat to businesses across America. Research shows that cybercriminals launch roughly 4,000 ransomware attacks per day and that number is set to increase with the rise of ransomware-as-a-service. 

Cloud storage has really come into its own in the last few decades. Although this technology has been around since the late 1990s, it has only recently been adopted by the masses. Today 94% of companies use cloud technology and around 50% of all corporate data is stored on the cloud.

It is a scary thought. The analyst firm Gartner predicts that a whopping 99% of cloud security breaches will be the customer’s fault by 2025. This means that cloud providers (like Amazon, Microsoft and Slack) are doing an excellent job at keeping their platforms secure but their clients (businesses across the globe) are failing. 

It is no secret that the cloud is the future of business operations. Gartner predicts that global spending on cloud services will reach over $482 billion in 2022. That is up from the $313 billion in 2020.