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Businesses will spend more than $100 billion globally this year on security, according to analyst firm IDC. Increasingly, more of those budgets are directed towards cloud security. Cloud security in 2018 accounted for 18 percent of the total, but it is expected to grow to 38 percent in 2020.
Nick Yako, analyst at Cowen and Company, said that “the security industry is in the midst of a massive transformation where we’re seeing security budgets increasingly migrate to cloud-based solutions.”
Cloud security. Aaron Levie, Box CEO, said that “now we’re seeing this be top of mind in every single industry — life sciences, media, entertainment, sports, real estate. Every single industry has sensitive data that is being shared and managed.”
But when things do go wrong, who’s at fault? According to Gartner, the cloud infrastructure vendors aren’t the problem. Security failures happen more than 95 percent of the time because of customer configuration mistakes. Often IT staff and the DevOps teams that build the environment and install/deploy apps in the cloud don’t have proper training in cloud security.
Appropriate planning and training is important. Dave Shackleford, founder of Voodoo Security, said that “people go to the cloud without a plan. They lack governance or even conversations within the organizations.”