Category Archives: Cloud Computing

Check Point and Cybersecurity Insiders have released their global 2020 Cloud Security Report, wherein the emphasis was placed on the cloud security challenges that business security systems face in the protection of data and workloads in their public cloud systems.

According to the report, 75% of respondents revealed that they were highly concerned about public cloud security as it continues to remain a big challenge for them.

One of the current cloud computing security issues and challenges affecting cloud security in 2020 is the problem of data breaches. The data breach has several consequences, some of which includes:

This is another of the most widespread cloud security challenges facing cloud technology in 2020. For example, a misconfigured AWS Simple Storage Service (S3) cloud storage bucket leaked accurate and sensitive data of about 123 million American families in 2017.

The dataset was owned by Experian, a credit bureau that engaged in the selling of the data to an online marketing and data analytics organization called Alteryx. The file was exposed by Alteryx. Such an incidence can have lethal consequences.

All over the world, several businesses are moving parts of their IT infrastructure to public clouds. A major issue with this migration is the incorporation of adequate security structures to tackle cyber threats.

The challenge however is that most businesses still find it almost impossible to implement this process. Datasets are vulnerable to several attacks when businesses make the assumption that cloud transition is a simple-to-execute task of just migrating their present IT system and security architecture to a cloud environment. Another contributing factor is also a lack of understanding of the shared security role model.

With cloud computing comes several changes to typical internal system management practices associated with identity and access management (IAM). Although these arent really new cloud security challenges, they are however more important challenges when working on a cloud-based environment.

This is because cloud computing has great effects on identity, credential, and access management. In both private and public cloud environments, there is a need for CSPs and cloud users to manage IAM without impairing security.

The hijacking of accounts is an issue characterized by the access to and abuse of accounts that contain extremely sensitive or private details, by malicious attackers. Usually, the accounts with the most threats in cloud environments are subscriptions or cloud service accounts.

These accounts are prone to compromise as a result of stolen credentials, exploiting cloud-based systems, and phishing attacks.

According to the 2018 Netwrix Cloud Security Report, 58% of organizations indicate insiders as the cause of security breaches. Thus, most security incidents are caused by insider negligence.

The report from the Ponemon Institutes 2018 Cost of Insider Threats study indicated that 13% of the reported insider incidents were caused by credential theft, 23% were associated with criminal insiders, and a whopping 64% was as a result of employee or contractor negligence.

Some of the cited common scenarios are: employees or other internal staff being victims of phishing emails that resulted in malicious attacks on business assets, employees saving private company data on their own poorly secure personal systems or devices, and cloud servers that have been configured inappropriately.

In order to enable consumers to manage and utilize cloud systems, cloud computing providers release a set of software user interfaces (UIs) and APIs. These APIs are the ones that determine how secure and available the overall cloud servers services will be.

From access management and authentication to activity control and encryption, it is necessary that these interfaces are designed for protection against both malicious and accidental attempts to infiltrate the security policy. The implications of insecure APIs can be the abuse or even worse the breach of a dataset.

A number of major data breaches have been caused by hacked, exposed, or broken APIs. In essence, it becomes imperative for companies to have an understanding of the security features that characterize the design and presentation of these interfaces on the internet.

The transition from the data platform to the cloud environment creates certain issues for the creation of adequate data storage and protection protocol. It is now important for the user to create fresh processes for duplicating, migrating, and storing data.

This process becomes even more complex if the user would be employing Multi-cloud. These problems should be solved by a control plane. This is because it provides the integrity and security that would complement the data plane which brings about stability and runtime of the data.

An inefficient control plane indicates that whoever is in charge either a DevOps engineer or a system architect does not have complete control over the verification, security, and logic of the data infrastructure.

In this kind of situation, major stakeholders are unaware of how data flows, the security configuration, and the positions/areas of structural weak points and blind spots. As a result of these challenges in cloud security, the company could experience data leakage, unavailability, or corruption.

Every now and then, cloud service providers reveal processes and security protocols that are needed in order to successfully integrate and safeguard their systems. In most cases, this information is disclosed via API calls and the protections are integrated into the CSPs metastructure.

The metastructure is regarded as the customer line/CSP of demarcation, also called the waterline. In this model, several levels are characterized by error possibilities. For instance, inappropriate API integration by the CSP makes it easier for attackers to hinder cloud customers through the interruption of integrity, confidentiality, of service availability.

Restricted cloud usage visibility is the outcome of the inability of a company to visualize and analyze the safety or maliciousness of the cloud service used within the organization. There are two major cloud security challenges in this concept.

The first is un-sanctioned app use. This happens when employees are making use of cloud tools and applications without the specific authorization of corporate IT and security. This, therefore, leads to a self-assistance model known as Shadow IT.

It is risky when insecure cloud services activity is not in accordance with corporate guidelines, especially when integrated with sensitive corporate data. According to forecasts made by Gartner, by 2020, of all successful security infiltration in businesses will be driven by shadow IT systems and resources.

Secondly, is sanctioned application misuse. It is usually difficult for companies to carry out analysis on how approved apps are being taken advantage of by insiders who make use of the sanctioned app.

Most often, this utilization takes place without the specific permission of the organization, or by external threat agents that target the service though methods like Domain Name System (DNS) attacks, Structured Query Language (SQL) injection, credential theft, and others.

Malicious attackers may take advantage of cloud computing resources to target cloud providers, as well as other users or organizations. It is also possible for malicious actors to host malware on cloud services.

Malware that is hosted on cloud service may appear to have higher legitimacy because the malware utilizes the domain of the CSP. In addition, cloud-based malware can utilize cloud-sharing resources like an attack vector to propagate itself the more.

According to a survey, about 60% of respondents ascertain or strongly ascertain that the launching of business services in the cloud has skyrocketed beyond their ability to effectively maintain them in a timely manner. This figure remains the same since it was reported. This means that there has been no progress in that aspect. With the increasing rate of public cloud adoption, it is safe to conclude that the ground has been lost.

The primary objective of DoS attacks is to disable a system, network, or machine so that it becomes inaccessible to its intended users. The development and growth of cryptocurrencies like Ripple and Bitcoin make it easy for DoS attacks to occur the more.

By using cryptocurrency, it is no longer a must for cybercriminals to acquire the needed skills or possess control over a botnet. All they need to do is hire another hacker via these funding options to execute the work on their behalf.

In terms of security features, Vendor Lock is identified as a risk factor. It is highly restrictive to be limited to just one compatible security solution choice for a cloud service. The impact of this can be a low ROI for security.

This is because the locked-in vendor does not need to be in competition with other vendors. They are with your company since youre their only choice if you desire a functional service without starting all over from the scratch.

Thus, it is necessary that you ascertain how effective it would be to move from a particular service provider to another when choosing cloud-based services. It is pertinent that you consider certain factors before choosing a cloud computing service in order to avoid vendor lock-in (for either your cloud service itself or your security solutions). Consider these factors:

Awareness and adequate communication of security risks is an important aspect of network security, as well as cloud security. A thorough security solution must be able to alert the respective website or app managers immediately it perceives a security threat.

Without clear and prompt communication, the appropriate entities will not be able to quickly mitigate the threat and take proper steps that will minimize the threat.

In all, although all of the issues discussed above pose a threat to cloud security, they are however not insurmountable. With the proper approach, technology, and partners, businesses can overcome the cloud security challenges and begin to enjoy the abundant benefits of cloud technology.

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Cloud Security Challenges in 2020 And How to Avoid Them - TechFunnel

The global study of Cloud Computing Service Market and its forthcoming prediction have recently added by Reportspedia to its widespread repository. It has been employed through primary and secondary research methodologies. This market is expected to become competitive in the upcoming years due to the new entry of a number of start-ups in the market. Additionally, it offers a valuable approach for building business plans strategically which helps to promote control over the businesses.

The research report on the Cloud Computing Service market offers an in-depth analysis of several important aspects. This report provides an all-inclusive study of the market on the basis of different factors such as market size, revenue, key drivers, and some key segments. Thus, the report presents a study of the newest industry trends. It also offers the revenue estimate on basis of historical database and growth at extensive CAGR during the forecast period. The report covers a complete study of the factors which are enhancing the enlargement of the Cloud Computing Service Market.

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Top Key Players Included in This Report:

Rackspace Hosting, Inc. (USA)NTT DATA Corporation (Japan)Salesforce.com, Inc. (USA)CA Technologies, Inc. (USA)ENKI Corporation (USA)Amazon Web Services, Inc. (USA)Workday Inc. (USA)SAP SE (Germany)Adobe Systems Incorporated (USA)Acquia Inc. (USA)Zoho Corporation Pvt. Ltd (India)FUJITSU (Japan)Oracle Corporation (USA)Dell Inc. (USA)Alibaba Cloud (China)ServiceNow, Inc. (USA)Microsoft Corporation (USA)OVH (France)Virtustream, Inc. (USA)Akamai Technologies, Inc. (USA)IBM Corporation (USA)Hewlett-Packard Development Company, L.P. (USA)Google, Inc. (USA)

Cloud Computing Service Market Region Mainly Focusing:

Cloud Computing Service Market report is to provide accurate and strategic analysis of the Cloud Computing Service industry. The report deeply examines each segment and its sub-segment futures before looking at the 360-degree Overview of the market. Cloud Computing Service Market research reports growth rates and the market value based on market dynamics, growth factors. full knowledge is based on the newest innovation in the industry, opportunities, and trends. In addition to SWOT analysis by key suppliers, the Cloud Computing Service report contains an all-inclusive market analysis and major players landscape.

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The Cloud Computing Service Market Research Report also explores the impact of the COVID-19 pandemic on the segments of the Cloud Computing Service market and its global scenario. The report analyzes the altering dynamics of the Cloud Computing Service Industry owing to the pandemic and subsequent regulatory policies and social restrictions. The report also analyses the present and future impact of the pandemic and provides an insight into the post-COVID-19 scenario of the market.

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Cloud Computing Service Market: Segmentation Analysis:

By Application:

GovernmentHealthcareManufacturingTelecom and IT

By Type:

Private CloudsPublic CloudsHybrid Clouds

Other important inclusions in Cloud Computing Service Market:

Table of Content:

Chapter 1.Cloud Computing Service Market Research Report Overview

Chapter 2.Global Cloud Computing Service Growth Trends

Chapter 3.Cloud Computing Service Market Share by Key Players

Chapter 4.Cloud Computing Service Industry Breakdown Data by Type and Application

Chapter 5.Cloud Computing Service Market by End Users/Application

Chapter 6.COVID-19 Outbreak: Cloud Computing Service Market Impact

Chapter 7.Opportunity Analysis in Covid-19 Crisis

Chapter 9.Cloud Computing Service Market Driving Force

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Global Cloud Computing Service Market Report Reviews Trends, Future opportunities, Revenue, Competitive Landscape Analysis And Forecast to 2027 - The...

The topic of cloud computing has been doing the rounds for quite some time now, and businesses have been flooded with information promoting and supporting the use of cloud technology. With so much information out there about the cloud, it may take some time to fully wrap our heads around the implications of connecting to the cloud.

What does cloud technology mean for Kenya and Africa, and how can we leverage these services to adapt and thrive in a digital world?

The potential benefits of mass cloud adoption across Africa

The benefits offered by cloud computing will differ within each individual business based on their unique needs. However, the underlying advantages boil down to the same three points: strategic value, flexibility and efficiency.

Having access to cloud computing means that businesses can access all of their resources from any Internet-enabled device, no matter where they are. The result of this is that the ability to collaborate with colleagues is no longer limited to one location, providing a competitive advantage over businesses that use fixed, onsite IT infrastructure.

Another advantage of having instant access to business-related files and information from any location or device is that companies will experience less downtime as a result of hardware failures and device theft. Your data will always be safe and secure with an offsite backup.

In addition to instant access, switching to the cloud means cost savings, as businesses no longer need to invest in physical infrastructure that needs to be continuously updated. This ties in with the flexibility of cloud solutions. You can scale your solution to fit the size and needs of your business as a business grows, you can add users and services, and when needs decrease, you can downscale. This can have a significant effect on managing cash flow.

A good cloud service provider should give you the freedom to choose the services that suit your business. Your provider should also manage your application and install the latest updates behind the scenes. This means that you can continue operating without having to worry about keeping up with technological developments in the cloud. This will also result in savings on capital costs and increases business efficiency.

With the significant advantages to productivity and flexibility that come with the adoption of cloud technology, enabling cloud services in Africa should be a priority for government and business.

Barriers to cloud uptake in Kenya

Adoption of cloud technology has accelerated in recent years, driven by better broadband connectivity and more affordable data. However, many private businesses and public institutions in East Africa are yet to fully embrace these services due to insufficient knowledge, public perception, confusing regulations, and cost and security concerns to name a few challenges.

Another barrier to the uptake of cloud technology is inadequate access to a reliable, high-speed Internet connection. Without one, cloud technology is redundant. We have seen an increase in Internet usage in Kenya, with 39.3 million Internet subscriptions recorded in 2019/2020, according to the Communications Authority of Kenya.

Awareness has to be created around what technology is available in Kenya and how people can go about harnessing it. This means that the risks associated with an Internet-driven world need to be addressed as well.

There has already been an increase in the uptake of cloud technology in Kenya over the last few years, with 35.6 per cent of public institutions and 22.9 per cent of private businesses using this technology in 2017/2018, according to the Communications Authority of Kenya. Given the time since these figures were released as well as recent global events we anticipate seeing a significant increase in the number of cloud computing users and in-demand for cloud technology in Kenya.

Enabling the cloud for a future-forward Kenya

If Kenya is to take advantage of the opportunities that the cloud can provide, businesses and government need to work together to create a more enabling, conducive cloud environment. Nurturing the development of a stable, reliable communications infrastructure network in Kenya is key to ensuring the continuous uptake of cloud technology. By providing infrastructure that is able to withstand the demands of an Internet-driven world, the Kenyan economy will be able to grow and develop into a thriving business hub.

By Francis Wainaina, Senior Product Manager at SEACOM East Africa

Edited byJenna DelportFollowJenna Delporton TwitterFollowIT News Africaon Twitter

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Harnessing the Power of Cloud Computing in Kenya - IT News Africa

Dublin, Aug. 21, 2020 (GLOBE NEWSWIRE) -- The "Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public and Private), Organization Size, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.

Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic. The sudden shutdowns of offices, schools, and enterprises have increased the demand for cloud solutions and services.

The cloud market in verticals such as IT, telecom, BFSI, and media and entertainment has impacted positively due to the work from home initiative. Employees are using cloud collaboration platforms for communicating and consuming OTT streaming services heavily as they need to stay at home amidst lockdowns.

Infrastructure as a Service (IaaS) to help enterprises in enhancing infrastructure scalability and performance

IaaS enables enterprises to leverage their IT infrastructure without paying for the construction of the physical infrastructure. Moreover, it provides flexibility, mobility, easy, and scalable access to applications, and enhances collaboration to help enterprises focus on their core businesses.

The increasing internet access through smartphones and other devices has spurred the digitalization trend among enterprises that generate large volumes of business data daily. These factors have increased the enterprises' concerns over losing the focus on core business operations and meeting the demand for clients. IaaS helps in reducing the cost of deploying IT infrastructure, hardware, and in hiring skilled resources. These benefits, in turn, are expected to drive the adoption of IaaS.

Retail and consumer goods vertical to grow at the highest rate during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. Various factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations leading to the existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services.

North America to hold the largest market size and Asia Pacific (APAC) to grow at the highest rate during the forecast period

North America is the most mature market in terms of cloud computing services adoption, due to several factors, such as the presence of many enterprises with advanced IT infrastructure, and availability of technical expertise. APAC is expected to offer significant growth opportunities for cloud computing vendors during the forecast period. Rapid advancements in emerging technologies, IT infrastructure services, and the Internet of Things (IoT) have led many organizations to adopt cloud computing services.

Key Topics Covered

1 Introduction1.1 Introduction to COVID-191.2 COVID-19 Health Assessment1.3 COVID-19 Economic Assessment1.4 Objectives of the Study1.5 Market Definition1.6 Market Scope1.7 Currency1.8 Stakeholders

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Attractive Growth Opportunities in the Cloud Computing Market4.2 Market: by Service Model, 2020 Vs 20254.3 Market: by Infrastructure as a Service, 2020 Vs 20254.4 Market: by Platform as a Service, 2020 Vs 20254.5 Market: by Software as a Service, 2020 Vs 20254.6 Market: by Deployment Model, 2020 Vs 20254.7 Market: by Vertical, 2020 Vs 20254.8 Cloud Computing Market Regional Scenario, 2020-20254.9 Market Top Countries, 2020

5 Market Overview and Industry Trends5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Inclination of Enterprises Toward Automation and Agility5.2.1.2 Enhanced Customer Experience With Personalization and Collaboration5.2.1.3 Increased Return on Investments With Lower Infrastructure and Storage Costs5.2.1.4 Surging Demand for Remote Workspaces With COVID-19 Outbreak5.2.1.5 Rise in Demand for Cloud-Based Business Continuity Tools and Services5.2.1.6 Business Expansions by Large Vendors Across Geographies to Acquire Untapped Customer Base5.2.1.7 Proliferation of Digital Content and Upsurge in Internet Usage5.2.1.8 Need for Disaster Recovery and Contingency Plan5.2.2 Restraints5.2.2.1 Cyberattacks Damaging Business Operations and Critical Data Loss5.2.2.2 Limited Technical Expertise Among Enterprises in Technologically Developing Geographies5.2.2.3 Inadequate Network Bandwidth Providers and Lack of Access to High-Speed Internet in Large Number of Countries5.2.3 Opportunities5.2.3.1 Increase in Adoption of Hybrid Cloud Services5.2.3.2 Boosting the Adoption of Edge Technologies5.2.3.3 Rise in Number of Small and Medium-Sized Enterprises to Create New Revenue Opportunities for Cloud Vendors5.2.3.4 Telecom Service Providers Leveraging Existing Infrastructure to Offer Cloud-Based Services5.2.3.5 Increasing Business Tie-Ups With Device Manufacturers5.2.3.6 Bridging the Connectivity and Accessibility Gap5.2.3.7 Need for Secure Cloud Environments to Increase Significantly5.2.4 Challenges5.2.4.1 Need to Manage Regulatory and Compliance Policy Needs5.2.4.2 Compatibility Complexities With Legacy Systems5.2.4.3 Fear of Vendor Lock-In5.3 COVID-19-Driven Market Dynamics5.3.1 Drivers and Opportunities5.3.2 Restraints and Challenges5.3.3 Cumulative Growth Analysis5.4 Regulations5.4.1 General Data Protection Regulation5.4.2 Payment Card Industry-Data Security Standard5.4.3 Health Insurance Portability and Accountability Act5.4.4 Gramm-Leach-Bliley Act5.4.5 Sarbanes-Oxley Act5.4.6 SOC25.5 Trends5.6 Value Chain5.7 Ecosystem

6 COVID-19 Focused Developments and Strategies6.1 Connectivity Providers/Original Equipment Manufacturers6.2 Cloud Service Providers6.3 Consultants/Managed Service Providers

7 Cloud Computing Market, by Service Model7.1 Introduction7.2 Infrastructure as a Service7.3 Platform as a Service7.4 Software as a Service

8 Cloud Computing Market, by Infrastructure as a Service8.1 Introduction8.2 Primary Storage8.3 Disaster Recovery and Backup8.4 Archiving8.5 Compute

9 Cloud Computing Market, by Platform as a Service9.1 Introduction9.2 Application Development and Platforms9.3 Application Testing and Quality9.4 Analytics and Reporting9.5 Integration and Orchestration9.6 Data Management

10 Cloud Computing Market, by Software as a Service10.1 Introduction10.2 Customer Relationship Management10.3 Enterprise Resource Management10.4 Human Capital Management10.5 Content Management10.6 Collaboration and Productivity Suites10.7 Supply Chain Management10.8 Others

11 Cloud Computing Market, by Deployment Model11.1 Introduction11.2 Public Cloud11.3 Private Cloud

12 Cloud Computing Market, by Organization Size12.1 Introduction12.2 Large Enterprises12.3 Small and Medium-Sized Enterprises

13 Cloud Computing Market, by Vertical13.1 Introduction13.2 Banking, Financial Services, and Insurance13.3 Telecommunications13.4 IT and ITEs13.5 Government and Public Sector13.6 Retail and Consumer Goods13.7 Manufacturing13.8 Energy and Utilities13.9 Media and Entertainment13.10 Healthcare and Life Sciences13.11 Others

14 Cloud Computing Market, by Region14.1 Introduction14.2 North America14.3 Europe14.4 Asia-Pacific14.5 Middle East and Africa14.6 Latin America

15 Competitive Landscape15.1 Introduction15.2 Market Evaluation Framework15.3 Vendor Market Share for Infrastructure as a Service Segment, 201915.4 Vendor Market Share for Platform as a Service Segment, 201915.5 Vendor Market Share for Software as a Service Segment, 201915.6 Key Market Developments15.6.1 New Product Launches15.6.2 Business Expansions15.6.3 Acquisitions15.6.4 Partnerships

16 Company Profiles16.1 Introduction16.2 AWS16.3 Microsoft16.4 IBM16.5 Salesforce16.6 Google16.7 Oracle16.8 SAP16.9 Alibaba Cloud16.10 Adobe16.11 Workday16.12 Fujitsu16.13 VMWare16.14 Rackspace16.15 DXC16.16 Tencent16.17 NEC16.18 Joyent16.19 Virtustream16.20 Digitalocean16.21 Skytap16.22 OVH16.23 Bluelock16.24 Navisite16.25 Centurylink16.26 Infor16.27 Sage16.28 Intuit16.29 Opentext16.30 Cisco16.31 Box16.32 Zoho16.33 Citrix16.34 Epicor16.35 Upland Software16.36 Servicenow16.37 IFS

For more information about this report visit https://www.researchandmarkets.com/r/ys29pn

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Cloud Computing Industry to Grow from $371.4 Billion in 2020 to $832.1 Billion by 2025, at a CAGR of 17.5% - Yahoo Finance

(Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)

On Aug. 5, the Office of the Comptroller of the Currency (OCC) handed down a cease and desist order to Capital One for its failure to establish effective risk assessment and management processes before migrating its information technology operations to a cloud operating environment.

While we hear about data breaches on a nearly weekly basis, the Capital One incident is noteworthy because it involved the banks migration to cloud computingsomething that many banks are either in the process of doing, or will be doing in the near future.

The $80 million fine Capital One must pay to the US Treasury is pocket change for the bank.

The compliance actions the bank will be required to take will likely prove to be the bigger headache. The OCCs consent order requires Capital One to:

Its hard to believe, but bank executives concerns regarding cybersecurity are declining (that isnt a typo).

According to Cornerstone Advisors Whats Going On in Banking studies, nearly half of bank executives put cybersecurity on their list of top three concerns for 2018. That percentage declined to 36% in 2019 and dropped even further to 21% in 2020.

Financial Institutions Citing Cybersecurity as a Top Three Concern

Whats going on here?

Operational integration is lulling banks into a false sense of (cyber) security.

Cybersecurity policy is becoming business as usual for banks. As a result, bank execs are more confident today than they were three years ago that cybersecurity policies are well-designed and being well-executed.

Its a false sense of security, however, because banks have yet to feel the cybersecurity impact of cloud computing.

Three data points highlight the growth of cloud computing in banking:

As cloud computing within banking grows, the prevalence of cyber breaches for cloud services is growing significantly as well. According to a Verizon study:

Cloud assets were involved in about 24% of breaches this year. Cloud breaches involved an email or web application server 73% of the time, and 77% involved breached credentials.

A new report from Cornerstone Advisors, commissioned by DefenseStorm, Cloud on the Horizon, identifies emerging cloud-related cybersecurity challenges facing banks including:

1) Over-reliance on providers. There is an over-reliance on providers to complete cybersecurity checklists from banks during due diligence. It would be pretty easy for them to dupe us, said one Chief Information Security Officer (CISO) interviewed for the report.

There is also over-reliance on just a few providers.

Richard Harmon, Managing Director at Cloudera, calls this cloud concentration risk and writes, the consolidation of multiple organizations within one cloud service provider (CSP) presents a more attractive target for cybercriminals.

2) Reporting problems. Bank CISOs have discovered incorrect completion of due diligence cybersecurity requests for third party risk management from the providers.

Transparency has become an issue, as well. CISOs stated a lack of willingness to show any of the providers security policies or audits.

One CISO mentioned that when his bank asked a provider for a SOC-2, the vendor produced Amazon Web Services SOC 2. When the CISO questioned the vendor as to whether it had its own SOC 2, the provider was unaware it even needed to do its own.

3) Technical limitations. Many cloud vendors have cybersecurity limitations. For example, they cannot IP-restrict or require multi-factor authentication for third parties. Configuration is a challenge, as well.

Its not just the vendors fault. According to Bill Glasby, Chief Technology Officer of Heritage Bank, one issue around cloud security is operators' inability to configure the tools. The problem is that its all home-brew today.

Banks migration to the cloud will necessitate changes to how they govern IT from three perspectives:

1) Contractual. Migrating to the cloud requires switching from traditional security testing to a contractual-based model for security testing. Banks cant move to the cloud without caring about and dealing with the contractual clauses with their service providers. In particular, banks should negotiate the reversibility clause with their cloud providers.

One problem, however, according to a CIO interviewed by Cornerstone, is that many cloud providers dont even know what should be written in a reversibility clause.

2) Organizational. Business departments and lines of business end-running IT and buying cloud solutions directly from cloud providers will become more prevalent with a migration to the cloud. IT will have to reinforce its IT governance policies and procedures in order to minimize the risks caused by the solutions implemented by the different business departments.

3) Strategic. Business departments want flexibility and innovation. However, migrating to cloud services typically involves a shift from highly customized to mostly-standardized services. This can cause friction between IT and the businessfriction that must be resolved with strategic clarity and direction.

To handle the coming wave of cloud-related cybersecurity issues, Cornerstone and DefenseStorm recommend that banks:

For a complimentary copy of the Cloud On The Horizon report click here. To register for the Cloud On The Horizon webinar on August 20 at 2:00pm ET click here.

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Cloud Computing And Cybersecurity Need Better Oversight Now - Forbes

Huawei will promote, from August 27, free digital seminars for both students and professionals in Information and Communication Technology (ICT), with a focus on Artificial Intelligence and Cloud Computing.

The first will address basic AI principles; AI in the 5G era; Atlas IA Computing Solution; Huawei Cloud; and ModelArts (Artificial Intelligence Platform in Cloud) segment for which a live demonstration is being prepared.

The class will start at 6:30 pm and will last for an hour and a half. There is also a time for participants to ask questions and ask questions with the speaker.

Filipe Testa is an IT Product Manager at Huawei, now in the Cloud & AI business unit, being responsible for the IT portfolio (Computing x86, ARM, AI Storage Private & Public Cloud). Testa has been with the company since 2017 (with an interval of one year at Vivo) first as an engineer and technical leader, responsible for the architecture and implementation of IT / ICT solutions.

This should be the first in a series of seminars that Huawei intends to do the schedule, not yet completely defined, provides for at least one class per month, always addressing issues related to Artificial Intelligence and Cloud Computing.

It is the first time that Huawei holds a seminar in this format in Brazil but, if it depends on the publics response, the initiative is here to stay: there are already 500 registered participants. As a result, an offline channel for questions will be opened after the class is over.

To participate, access the digital seminar page places are limited and registrations are valid for the scheduled class and not for the entire program.

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Huawei promotes free webinar on AI and cloud computing - Somag News

The "Global Transaction Monitoring Solutions Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The transaction monitoring solutions market and it is poised to grow by $ 9.97 bn during 2020-2024 progressing at a CAGR of 15% during the forecast period.

The reports on transaction monitoring solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the emergence of cloud computing services, need for compliance with government regulations, and increased need for greater customer satisfaction.

The transaction monitoring solutions market analysis include application segment, deployment segment and geographic landscapes. This study identifies the emergence of advanced technologies as one of the prime reason driving the transaction monitoring solutions market growth during the next few years.

The research presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The transaction monitoring solutions market covers the following areas:

Companies Mentioned

Key Topics Covered:

1. Executive Summary

2. Market Landscape

3. Market Sizing

4. Five Forces Analysis

5. Market Segmentation by Deployment

6. Customer landscape

7. Geographic Landscape

8. Drivers, Challenges, and Trends

9. Vendor Landscape

10. Vendor Analysis

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/sagqqi

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The size of the New Zealand cloud computing market could more than double in the next four years, according to new research from Salesforce.

The research was conducted by IDC, saysSalesforce and its ecosystem could create 37,500 jobs in New Zealand among partners and customers over the same period.

The Salesforce Economy in New Zealand: 37,500 Jobs, $2.3 Billion in New Business Revenue from 2018 to 2024 report, with forecasts updated to factor in the impact of the COVID-19 virus, estimates spending on public cloud software will increase to almost US$1.3 billion in 2024, up from a predicted $675 million in 2020. IDC predicts that cloud computing will account for 16.4% of all technology spending in New Zealand by 2024.

The report found that local industry growth will mean up until 2024, Salesforce and its ecosystem are expected to enable the creation of 37,500 direct jobs in New Zealand amongst Salesforce customers.

The COVID-19 pandemic has meant more things need to be done digitally as customers shift more of their activity online and employees do more of their work from home," says Craig Skinner, managing director at Salesforce New Zealand.

"Companies need to be equipped with the cloud tools that let teams collaborate from anywhere, sell from anywhere and service customers from anywhere. he says.

The Salesforce Economy in New Zealand: 37,500 Jobs, $2.3 Billion in New Business Revenue from 2018 to 2024 report found that up until 2024, Salesforce and its ecosystem are expected to enable the creation of 37,500 direct jobs among Salesforce customers in the country.

Over the same period, the use of cloud computing by Salesforce customers will add a net US$2.3 billion in new business revenue to the local economy.

Because organisations that spend on cloud computing subscriptions also spend on ancillary products and services, the Salesforce ecosystem in New Zealand in 2019 was 4.5 times larger than Salesforce itself. By 2024, it will be 6.6x as big.

The Salesforce Economic Impact Model is an extension to IDC's IT Economic Impact Model. It estimates Salesforce's current and future share of the benefits to the general economy generated by cloud computing, and it also estimates the size of the ecosystem supporting Salesforce using IDC's market research on the ratio of spending on professional services to cloud subscriptions; the ratio of sales of hardware, software, and networking to spending on public and private cloud computing; and the ratio of spending on application development tools to applications developed.

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NZ cloud computing market to grow by 20% as businesses adapt to new normal - Salesforce - bizEDGE New Zealand

The global market for cloud technologies in healthcare was $16.1 billion in 2016. The market should reach $20.2 billion in 2017 and $35.0 billion by 2022, growing at a compound annual growth rate (CAGR) of 11.6% during 2017-2022.

Report Scope:

The report will segment the technology for IT suppliers by hardware, software and network, as well as for internal and external cloud deployment models by software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS), and also by public, private and hybrid cloud platforms. For healthcare applications, the report will segment the market by: Electronic health records (EHRs). Picture archiving and communications systems (PACS). Cardiology information systems (CIS). Laboratory information systems (LIS). Radiology information systems (RIS). Other (facility, hospital information systems).

Use segments will also be addressed, including healthcare providers, private and public payers, and cloud providers.

Key issues that will be discussed include the inclusion of consumer healthcare applications and medical devices in the cloud ecosystem, adoption of stronger security measures to prevent data breeches and future innovations such as edge cloud services that can better support mobile devices and video services for remote healthcare.

Get Access to sample pages @https://www.trendsmarketresearch.com/report/sample/12227

Report Includes:

35 data tables and 2 additional tables An overview of the global market for healthcare cloud computing technologies. Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022. Market segmentation by technology, cloud deployment models, healthcare cloud applications, and by region. Discussion of key issues, such as inclusion of consumer healthcare applications and medical devices in the cloud ecosystem, and adoption of stronger security measures. Insight into future innovations, such as edge cloud services that can better support video services for remote healthcare. Profiles of key companies in the market, including: Agfa HealthCare, Allscripts, Amazon Web Services, Analogic, ARM Holdings, Athena Health, Beckman Coulter Inc., Biocontrol Medical.

Summary

Initially approached with caution by healthcare organizations, cloud computing is becoming more widely adopted. In 2017, cloud adoption in healthcare increased, as cost savings outweigh potential data protection concerns. Healthcare IT systems are historically expensive to implement, update and maintain. Cloud economics changes that by shifting from individual budgets to cost-sharing models enabled by private, multi-tenant, and in some cases, public clouds.

These trends are shifting in favor of increased IT spending toward cloud hardware, software and networks. The global market for cloud technologies in healthcare was $16.1 billion in 2016. The market is expected to grow to $20.2 billion in 2017 and increase to $35.0 billion by 2022, with a compound average growth rate (CAGR) of 11.6%.

North America will continue to lead spending due to the combination of the large number of cloud suppliers and providers in the region, as well as the pressure to shift expenses away from traditional IT environments. The region will grow from an estimated REDACTED in 2017 to REDACTED in 2022 at a strong CAGR of REDACTED. Europe and Asia-Pacific (APAC) will be the next-largest markets, each representing a REDACTED share of global spending. Europe will increase spending for cloud technologies inhealthcare from REDACTED in 2017 to REDACTED in 2022, at a REDACTED CAGR. APAC will achieve a similarspending level, but it will surpass Europe as cloud services expand in the region. APAC spending will increase from REDACTED in 2017 to REDACTED in 2022, at an REDACTED CAGR.

Latin America, Middle East and Africa, and the remaining Rest of World countries will comprise the remaining REDACTED of the market, with cloud technologies advancing over traditional IT at a slow but steadyrate of between REDAC TED and REDACTED.

Scope of Report

The report will segment the technology for IT suppliers by hardware, software and network, as well as for internal and external cloud deployment models by software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS), and also by public, private and hybrid cloud platforms. For healthcare applications, the report will segment the market by: Electronic health records (EHRs). Picture archiving and communications systems (PACS). Cardiology information systems (CIS). Laboratory information systems (LIS). Radiology information systems (RIS). Other (facility, hospital information systems).

Use segments will also be addressed, including healthcare providers, private and public payers, and cloud providers.

Key issues that will be discussed include the inclusion of consumer healthcare applications and medical devices in the cloud ecosystem, adoption of stronger security measures to prevent data breeches and future innovations such as edge cloud services that can better support mobile devices and video services for remote healthcare.

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Healthcare Cloud Computing Market 2017 Evolution: Capacity, Production, Revenue, Price and Gross Margin by 2022 - StartupNG

Global Cloud Computing Platform as a Service (PaaS) Market provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. Global Cloud Computing Platform as a Service (PaaS) Market research report presentation demonstrates and presents an easily understandable market depiction, lending crucial insights on market size, market share as well as latest market developments and notable trends that collectively harness growth in the Global Cloud Computing Platform as a Service (PaaS) Market.

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Global Cloud Computing Platform as a Service (PaaS) Market research report presentation demonstrates and presents an easily understandable market depiction, lending crucial insights on market size, market share as well as latest market developments and notable trends that collectively harness growth in the Global Cloud Computing Platform as a Service (PaaS) Market.

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Global Cloud Computing Platform as a Service (PaaS) Market by Type:Cloud Computing Platform as a Service (PaaS)Video Communication PaasCloud Telephony PaasWeb and Mobile OptimizationOthers

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Scope of the Global Cloud Computing Platform as a Service (PaaS) Market ReportThis aforementioned Global Cloud Computing Platform as a Service (PaaS) Market has recorded a growth valuation of xx million US dollars in 2020 and is also likely to show favorable growth worth xx million US dollars throughout the forecast tenure until 2025, clocking at an impressive CAGR of xx% through the forecast period.

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Global Cloud Computing Platform as a Service (PaaS) Market Dynamics

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Global Cloud Computing Platform as a Service (PaaS) Market 2020 Shares, Strategy, and Forecasts 2025 by Top Manufacturers- Cloudflare Windows Azure...