Cloud Security

Analysts predict hastened migration to cloud security amid ransomware attacks

June 5, 2021
Bloomberg Law reports that various industries may be preparing to transition to cloud security technology after witnessing the string of ransomware attacks that affected major players in a number of industries, according to analysts.

Mandeep Singh of Bloomberg Intelligence says that in addition to the rise in hacking incidents, the vulnerabilities present in remote work should also help drive the growth of the cloud security market.

“You’re going to see that really come to fruition over the next two to three years,” Singh said.

One benefit of moving to the cloud is the reduced need for certain software as companies hand over the responsibility over physical servers to their providers.

“The good news about cloud systems is that all the big cloud providers have put a lot of investment into defending infrastructure in the cloud. They may offer more protection that’s more cost-efficient,” according to Neil Daswani, co-director of the Advanced Security Certification Program at Stanford University.
Jill Aitoro

SC Media Editor in Chief Jill Aitoro has 20 years of experience editing and reporting on technology, business and policy. She also serves as editorial director at SC Media’s parent company, CyberRisk Alliance. Prior to joining CRA, she worked at Sightline Media as editor of Defense News and executive editor of the Business-to-Government Group. She previously worked at Washington Business Journal and Nextgov, covering federal technology, contracting and policy, as well as CMP Media’s VARBusiness and CRN and Penton Media’s iSeries News.

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