Cloud Exploitation Stock Go Up
Cloud computing gained momentum during the COVID-19 pandemic, and it has become a major growth sector. Cloud software and infrastructure are more efficient than legacy technology, enable new technologies like artificial intelligence and machine learning, and allow distributed workers to work more effectively from home. But like any high-growth sector, there are bumps in the road.
As the cloud becomes a central part of many businesses, security is becoming increasingly important. But as the security community grows more familiar with cloud-native architectures, attackers are finding new ways to exploit them. In a report released last year, CrowdStrike highlighted a 288% increase in identity-based threats, cloud exploitation, and attacks that re-weaponized previously patched vulnerabilities.
These attacks have become more common as dispersed workforces have embraced cloud collaboration and development tools. In fact, a recent report from Netskope found that 69% of malware delivery was delivered through cloud applications during 2021. The most popular malicious payload was Office documents, which can be used to deliver phishing pages or other malware.
Cloud-software giants Amazon (AMZN 1.85%), Microsoft (MSFT 0.99%), and Alphabet’s Google (GOOGL 1.11%) have the largest market share, but small players like DigitalOcean are gaining ground as they focus on the fast-growing small business and start-up communities. The industry’s long-term secular growth is still intact, but investors need to keep a close eye on valuations and underlying fundamentals.
Will Cloud Exploitation Stock Go Up?
DoS attacks aim to disrupt the availability and functionality of cloud services by overwhelming the targeted system’s resources. Attackers flood the network or application with an excessive amount of traffic or requests, rendering the cloud service inaccessible to legitimate users. DoS attacks can result in significant financial losses, as organizations may lose revenue during the downtime and suffer reputational damage.
Understanding Cloud Exploitation and its impact
Cloud providers invest heavily in infrastructure and network resources to mitigate the impact of DoS attacks. They employ load balancers, traffic filtering, and other advanced techniques to identify and mitigate attack traffic. Additionally, organizations can adopt strategies like implementing redundancy and failover mechanisms to minimize the impact of DoS attacks. Continuous monitoring and prompt response are crucial to identify and neutralize such attacks effectively.
Best practices to Prevent Cloud Exploitation
APIs serve as a crucial interface between cloud applications and underlying cloud infrastructure. They allow developers to interact with cloud services, manage resources, and integrate applications. However, insecure APIs can be exploited by attackers to gain unauthorized access, execute unauthorized actions, or manipulate data. Common vulnerabilities include insufficient authentication, improper access controls, and poor input validation.
To ensure secure API usage, organizations must follow security best practices, such as implementing proper authentication and authorization mechanisms, using encrypted communication channels, and conducting regular security audits. Cloud providers also play a critical role in securing APIs by offering robust authentication and authorization frameworks, monitoring API usage patterns, and promptly patching vulnerabilities.
A cloud security breach can have serious consequences for an organization. In addition to the loss of data, it can damage customer and client confidence, expose the organization to regulatory penalties and increase the risk of a public relations disaster.