'Malicious hackers' are finding ways to launch cyberattacks against cloud systems: report

07 March 2023

Corporations have been hoping that their cloud storage systems were not vulnerable to cyberattacks. But hackers can be relentless, and according to Axios reporter Sam Sabin, cloud storage is not impenetrable and is not necessarily as safe as companies would like to believe.

Sabin, in an article published on March 7, reports, "Hackers are quickly finding flaws in organizations' cloud infrastructure despite perceptions that the technology is ironclad against cyberattacks. The big picture: Organizations have invested billions of dollars in recent years to move their digital data from traditional, on-premise enterprise storage solutions to the cloud. That investment is expected to keep growing and reach close to $600 billion this year."

Hackers, according to Sabin, regard cloud systems as a very appealing target. And they aren't giving up.

"The high price of relocating data was largely paid for one reason: It's far more difficult for hackers to break into an organization's cloud systems," Sabin explains. "But recent research and incidents underscore how quickly malicious hackers are adapting to the new reality…. Many hackers are quickly building skills to target cloud storage because of how rewarding it can be."

Citing a recent report from the cybersecurity firm CrowdStrike, Sabin points out that cyberattacks on clouds systems "nearly doubled in 2022."

Adam Meyers, CrowdStrike's senior vice president of intelligence, told Axios, "As more organizations are moving into the cloud, it becomes a much more attractive target for these threat actors, and they're spending more time and resources trying to get into that environment. Everybody is doing it. We've seen 17-year-olds, and we've seen the Russian SVR."

Read Axios’ full report at this link.

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