Cloud Data Security Statistics 2024 – Everything You Need to Know

Cloud Data Security Statistics 2023: Facts about Cloud Data Security are important because they give you more context about what’s going on in the World in terms of Cloud Data Security.

LLCBuddy editorial team scanned the web and collected all important Cloud Data Security Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Cloud Data Security Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Cloud Data Security? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Cloud Data Security Statistics of 2023.

How much of an impact will Cloud Data Security Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Cloud Data Security related questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Cloud Data Security Statistics 2023

Top Cloud Data Security Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 107 Cloud Data Security Statistics on this page 🙂

Cloud Data Security “Latest” Statistics

In order to adopt security technology, 57% of businesses with smaller security teams use the cloud.^[1]
According to 72% of enterprises, cloud migration is the top digital transformation objective that will affect the organization’s security.^[1]
When choosing a cloud provider, security is seen by 28% of businesses as being the most crucial factor.^[1]
30% of enterprises will adopt cloud-delivered Secure Web Gateway (SWG), Cloud Access Security Brokers (CASB), Zero Trust Network Access (ZTNA) and Firewall As A Service (FWaaS) capabilities from the same vendor.^[1]
49% list a cloud-first PKI deployment approach as their third-highest priority (behind certificate lifecycle automation (56%) and PKI visibility (71%), according to purplesec.^[1]
NIST was the security architecture that 50% of businesses utilized to protect public cloud systems.^[1]
51% stated that phishing is the most frequent method that attackers use to acquire legitimate cloud credentials.^[1]
Securing access to private applications that are dispersed across datacenter and cloud environments is, according to 62% of enterprises, the largest application security concern.^[1]
79% of financial CISOs said threat actors are deploying more sophisticated attacks.^[1]
Expenditures for cloud computing are increasing as 32% of it budgets are anticipated to be devoted to cloud computing over the next 12 months.^[1]
Global Market Outlook (2017-2026), sales of EDR solutions—both on-premises and cloud-based—are expected to reach $7.27 billion by 2026, with an annual growth rate of nearly 26%.^[1]
Hybrid cloud breaches were the least expensive, costing an average of $3.61 million —28.3% less than public cloud breaches.^[1]
66% of those surveyed say they are planning to expand their Zero Trust budgets in 2022 – allocating 36% of their total spend to micro-segmentation projects.^[1]
Out of 196 data breaches caused by cloud misconfigurations, Elasticsearch misconfigurations accounted for 44% of all records exposed in 2018 and 2019 and was also the most common database breached across all platforms (20%).^[1]
The average total costs of cloud based breaches in 2021 were Public cloud ($4.8 million), Private cloud ($4.5 million), and Hybrid cloud ($3.6 million).^[1]
The global cloud security market size was $578 million in 2019 and is projected to reach $1.5 billion by 2027, at a CAGR of 13.2% during the forecast period.^[1]
Organizations claim to consider the following factors when choosing a cloud security provider: cost efficiency (63%), ease of deployment (53%), and security tools are cloud native (52%).^[1]
34% of respondents said they planned to recruit additional people devoted to cloud security in 2020, while 58% said they depend on the native security capabilities provided by their cloud providers.^[2]
Insufficient manpower and experience, according to 66% of respondents, is the main operational problem in controlling access to cloud data.^[2]
Most organizations are implementing a hybrid or multi-cloud strategy (71%) for the integration of multiple services, scalability, or business continuity purposes.^[2]
33% of companies have over 50% of their workloads in the cloud in 2021.^[2]
Cloud services adoption increased during the first half of 2010, with 14% of SMBs reporting that they use cloud computing services with another 10% expecting to deploy cloud services.^[3]
Scaling and automating compliance is one of the major cloud compliance concerns, according to 27% of firms.^[4]
Over 98% of organizations use some form of cloud-based infrastructure, and over three-quarters (76%) have multi-cloud deployments composed of services from two or more cloud providers.^[4]
39% of firms say that when they migrate to the cloud, maintaining and proving regulatory compliance in this drastically changing it environment is a major difficulty, according to Check Point.^[4]
42% of firms cite the difficulty of doing so in the cloud with restricted access to underlying infrastructure.^[4]
Maintaining continuous compliance despite changes in cloud environments is a challenge cited by 43% of organizations.^[4]
Given that cloud visibility is challenging to establish, 42% of firms find compliance monitoring challenging with cloud.^[4]
According to European organizations, migrating more workloads to the cloud is the most important cloud initiative (70%). This is followed by optimizing current cloud use to cut down on costs (59%) and advancing a cloud-first strategy (50%).^[5]
Web services from Amazon with a 31% market share, AWS is the world’s most well known and commonly utilized cloud service and one of the top cloud IaaS offerings.^[5]
76% measure their cloud progress according to cost efficiency and the savings they made thanks to cloud initiatives.^[5]
Due to public cloud cost overruns, 60% of infrastructure and operations (I&O) directors are expected to suffer budget.^[6]
60% of companies with 10,000 or more workers claim that access is the main cause of cloud breaches.^[6]
More than 50% of businesses claim that cloud based services have accelerated the development and use of public key infrastructure.^[6]
According to Statista, 7% of respondents said that their business has experienced losses of over $500,000 as a result of cloud based cyber risks and unforeseen costs to close security flaws.^[7]

Cloud Data Security “Data” Statistics

According to Verizon’s 2021 Data Breach Investigations Report (DBIR), external cloud assets servers are the target of 90% of data breaches.^[6]
20% of the corporations surveyed in the IBM report said that remote work contributed to the data breach, which cost businesses $4.96 million, or nearly 15% more than the usual breach.^[8]
To efficiently use massive data sets, 48% of firms employ machine learning, deep learning, data analysis, and natural language processing.^[1]
Mail server compromises account for 50% of online application assaults that result in data breaches, with cloud based mail servers being targeted in 96% of those incidents.^[1]
68% of businesses experienced endpoint assaults that effectively compromised their it infrastructure and/or data.^[1]
80% of CISO’s surveyed were not able to identify excessive access to sensitive data in cloud production environments.^[1]
Endpoints are among the most often attacked with 81% of businesses reporting that malware has infiltrated their machines.^[1]
Approximately 58% of supply chain assaults sought to access data, mostly customer data including personal information and intellectual property, while approximately 16% sought to access people.^[1]
90% of data breaches, according to CISCO’s 2021 Cybersecurity Threat Trends report, are caused by phishing.^[9]
According to IBM’s 2021 Cost of a Data Breach Report, the total average cost of a ransomware attack was $4.62 million, more expensive than the average cost of a data breach, which was $4.24 million.^[9]
85% of data breaches, according to Verizon’s 2021 Data Breach Investigations report, contained the human factor.^[9]
According to the Ponemon Institute and IBM’s Cost of a Data Breach Report 2021, the average total cost of a data breach increased from $3.86 million to $4.24 million in 2021.^[9]
64% of firms utilize a zero-trust, least-privileged access strategy as a guiding principle to manage access to their data most of the time, according to the Intersection of Data Privacy and Cybersecurity.^[10]
57% of organizations find it challenging to properly protect data in multi-cloud environments in accordance with corporate policy and regulatory requirements.^[4]
According to remote work statistics, approximately 34% of workers say that they prefer to work in the cloud and will look for a new job if they are required to return to the office.^[5]
Cloud account breaches amount to almost 35% of an organization’s annual revenue on average.^[6]
Data from EDC and Ermetic reveals that in the past 18 months, 98% of the firms they examined had at least one cloud data breach.^[11]
According to statistics from Flexera’s 2021 State of the Cloud Report, 47% of business workloads and 44% of their data are presently kept in public cloud environments.^[11]
Mail server compromises are a factor in more than 50% of web app attack based data breaches that Verizon examined for their 2021 data breach investigations report.^[11]
71% of companies spend up to $50 million annually to upgrade their cloud infrastructures.^[11]
700 million people, or around 93% of all LinkedIn members, had their personal information compromised in a 2021 LinkedIn data breach, according to Restore Privacy.^[12]
In terms of the overall cost of data breaches from 2019 to 2020, according to IBM, Scandinavia showed the most rise at 12%, while South Africa saw the biggest decline at 7.4%.^[12]

Cloud Data Security “Information” Statistics

Nearly half (44%) of the breaches analyzed exposed customer personal data, such as name, email, password, or even healthcare data – representing the most common type of breached record in the IBM report.^[8]
54% of healthcare business associates say their top vulnerability is tied to employee negligence in handling patient information.^[1]
Overall business detections of malware rose 79% from 2017 due to an increase in backdoors, miners, spyware, and information stealers.^[1]
72% of information security leaders state that cloud computing represents a top digital transformation priority.^[6]
Data from a separate Gartner survey shows that 81% of public cloud users currently use two or more cloud providers.^[11]
Between 2019 and 2029, the number of information security analyst jobs in the U.S is projected to increase by 31%.^[12]

Cloud Data Security “Security” Statistics

According to Check Point, 56% of organizations struggle to gain access to the necessary skills to deploy and manage consistent security across.^[4]
54% of businesses feel that solutions from a third-party vendor are more effective than the built in security options offered by their cloud providers.^[4]
32% of businesses say it is difficult to establish uniform security rules throughout their cloud infrastructure.^[4]
45% of firms are able to fill crucial cloud security jobs with competent candidates.^[4]
35% of firms struggle to get crucial insight into their underlying security infrastructure due to a lack of visibility and control at lower tiers of their infrastructure stack and the difficulty to implement standard security solutions.^[4]
Enterprises face many challenges, but three of the most prevalent issues include security (83%), managing cloud computing spending (82%) and governance (79%).^[5]
According to a survey of 200 CISOs and security decision-makers, 98% of organizations have dealt with a cloud security breach in the last 18 months.^[6]
The cybersecurity industry is anticipated to develop at a compound annual growth rate of 12.5% over the next five years.^[13]
Gartner expects that 99% of cloud security failures through 2025 will be the responsibility of the client, indicating that misconfigurations are a considerably greater problem.^[11]

Cloud Data Security “Protection” Statistics

North America advanced persistent threat (APT) protection market will have dominating market share and is anticipated to grow at a CAGR of 20.3% by generating revenue of $6,641.1 million by 2027.^[1]
By lowering tech time and enhancing threat detection with machine learning, security automation and AI may save firms more than 80% of the cost of manual protection.^[1]
69% of businesses think their antivirus protection is ineffective against current online threats, according to Ponemon Institute.^[12]

Cloud Data Security “Statistics” Statistics

According to some statistics by purplesec.us, there is a 47% likelihood of breaches involving personal data and a 31% chance involving credentials.^[1]
According to the statistics provided by purplesec.us, since businesses adopted the work from home model, there has been a higher risk of cyberattacks and security breaches. 20% of respondents said that a remote worker was to blame for security breaches.^[1]
Keyfactor data shows that 52% of organizations see cloud-based services as a factor in the growth of their public key infrastructures.^[11]
Gartner data shows that 60% of I&O leaders point to public cloud overrun costs as a source of budgetary headaches.^[11]

Cloud Data Security “Other” Statistics

Attackers utilized compromised user credentials the most often, accounting for 20% of the examined breaches.^[8]
Only 9% of firms use techniques to guard against internet based risks, and 20% of them don’t utilize any to protect distant users who are accessing the internet.^[1]
Small organizations are more likely to be unprepared for danger since 29% of them had experience with ransomware.^[1]
A problem that has plagued many blockchain systems is the 51% of assaults in which hackers obtain more than half of the network’s processing power.^[1]
By 2025, commercial blockchain implementation will have been used by 55% of healthcare applications.^[1]
69% of firms think AI will be required to react to cyberattacks and 61% of organizations claim they will not be able to detect major risks without it.^[1]
77% of successful ransomware attacks were from fileless techniques that completely bypassed the victim company’s antivirus.^[1]
Due to a cyber assault, 79% of institutions have had their reputations damaged and almost 74% have had to cease important research projects.^[1]
According to a 2017 IBM survey, 90% of governments worldwide have looked at the possibility of using blockchain technology.^[1]
90% of medical facilities reported an increase in ransomware infection rates between 2017 and 2018.^[1]
A poll conducted in 2021 revealed that 52% of participants thought blockchain had a promising future for minimizing fraud and validating client billing instructions.^[1]
Healthcare related cyber assaults, according to a CSO web analysis, are expected to treble by 2020.^[1]
The amount of fraudulent web application requests increased 88% between 2020 and 2021, more than doubling the growth rate year over year.^[1]
The use of blockchain has led to a 20% decrease in transaction costs for consumer ticket purchases.^[1]
The number of ransomware attacks on energy utility companies has increased by 32% in the first quarter of 2020.^[1]
The majority of recorded ransomware attacks in 2019 were against educational institutions, accounting for 61% of all assaults.^[1]
Each firm worldwide experiences 925 cyberattacks every week, up 50% year-over-year, according to Check Point research.^[9]
According to ESET’s 2021 research, email-based attacks increased 7.3% between May and August 2021.^[9]
PwC found that more than 60% of technology executives expect this to increase over the next 12 months.^[9]
Enabling secure remote access for employees and external parties is only the third-biggest driver (41%) of zero-trust initiatives.^[10]
The market for remote desktop software was valued at $1.53 billion in 2019 and is anticipated to grow to $4.69 billion by 2027 at a CAGR of 15.1%.^[5]
By 2025, it is predicted that the market would reach $832.1 billion with a compound annual growth rate of 17.5%.^[5]
By 2028, the market is expected to generate $223.98 billion in sales, with an average compound yearly growth rate (CAGR) of 21%.^[5]
New malicious domains are utilized for around 20% of all attacks about a week following registration, according to CISCO.^[12]
In 2021, almost 70% of breaches were driven by financial gain, while fewer than 5% were driven by espionage.^[12]
Companies reportedly spent $9 billion on preparing for the GDPR and, in 2018, legal advice and teams cost UK FTSE 350 companies about 40 percent of their GDPR budget, or $2.4 million, according to Forbes.^[12]
According to Gartner, 52% of legal and compliance leaders are concerned about third-party cyber risks due to remote work since COVID-19.^[12]
Remote work and lockdowns are driving a 50% increase in worldwide internet traffic, leading to new cybercrime opportunities.^[12]

How Useful is Cloud Data Security

Cloud data security involves storing data on remote servers and accessing it over the internet, rather than on local servers or personal devices. This can provide a number of benefits, such as increased flexibility, scalability, and accessibility. However, like any security measure, its effectiveness can vary depending on how it is implemented.

One of the key advantages of cloud data security is that it centralizes data storage and management, making it easier to control access and monitor for any suspicious activity. This can be particularly useful for businesses that need to store and share large amounts of sensitive information, as it reduces the risk of data loss or theft. Additionally, cloud providers often have more resources and expertise to devote to security measures, which can lead to stronger protections for their clients’ data.

Another benefit of cloud data security is the ability to quickly scale storage capacity or services as needed, without the need for costly hardware upgrades. This can be especially useful for small businesses or individuals who may not have the resources to maintain their own servers. Additionally, many cloud providers offer backup and disaster recovery services, ensuring that data remains secure even in the event of a system failure or natural disaster.

However, despite these advantages, there are also some potential drawbacks to consider when it comes to cloud data security. One concern is the risk of relying on a third-party provider to keep data safe. While many cloud providers have strong security measures in place, breaches can occur due to human error, software vulnerabilities, or malicious attacks. This means that businesses and individuals must trust their provider to keep their data secure, which can be a daunting prospect for some.

Additionally, storing data in the cloud can raise questions about data sovereignty and compliance with regulations. Depending on the location of the servers where data is stored, there may be conflicts with local laws or regulations governing data privacy and security. This can create legal challenges for businesses that operate in multiple countries or regions, as they must ensure that their data remains compliant with all relevant laws.

Overall, the usefulness of cloud data security can vary depending on the specific needs and concerns of each individual or organization. While it offers numerous benefits in terms of accessibility, scalability, and flexibility, it also comes with its own set of challenges and considerations. Ultimately, the decision to adopt cloud data security should be made carefully, weighing the potential risks and rewards to determine the best solution for protecting valuable information.

Reference

purplesec – https://purplesec.us/resources/cyber-security-statistics/
swisscyberinstitute – https://swisscyberinstitute.com/blog/21-cloud-security-statistics-you-probably-didnt-know/
access-smart – https://www.access-smart.com/data-security/cloud/
checkpoint – https://www.checkpoint.com/cyber-hub/cloud-security/what-is-cloud-security/the-biggest-cloud-security-challenges-in-2022/
cloudwards – https://www.cloudwards.net/cloud-computing-statistics/
cybertalk – https://www.cybertalk.org/2021/10/20/key-cloud-security-statistics-that-will-reshape-your-cloud-perspectives/
statista – https://www.statista.com/topics/8157/cloud-security/
ibm – https://newsroom.ibm.com/2021-07-28-IBM-Report-Cost-of-a-Data-Breach-Hits-Record-High-During-Pandemic
spanning – https://spanning.com/blog/cyberattacks-2021-phishing-ransomware-data-breach-statistics/
techbeacon – https://techbeacon.com/security/27-data-security-stats-matter
thesslstore – https://www.thesslstore.com/blog/19-cloud-computing-statistics-that-will-keep-you-awake-at-night/
varonis – https://www.varonis.com/blog/cybersecurity-statistics
forbes – https://www.forbes.com/sites/chuckbrooks/2021/03/02/alarming-cybersecurity-stats——-what-you-need-to-know-for-2021/