PALO ALTO and TEL AVIV, June 23, 2021 — Ermetic, the cloud infrastructure security company, today announced the results of a research study conducted by global market intelligence firm IDC which found that 98% of the companies surveyed had experienced at least one cloud data breach in the past 18 months compared to 79% last year. Meanwhile, 67% reported three or more such breaches, and 63% said they had sensitive data exposed.
According to the 200 CISOs and other security decision makers who participated in the survey, nearly 60% consider lack of visibility as well as inadequate identity and access management a major threat to their cloud infrastructure. They cited access risk and infrastructure security among their top cloud security priorities for the next 18 months. Meanwhile, 85% of organizations said they plan to increase their security spending this year, with a significant portion being allocated to cloud infrastructure security.
“Even though nearly 70% of companies invest more than 25 hours a week on cloud identity management, the survey found that 83% had at least one access-related cloud data breach,” said Shai Morag, CEO of Ermetic. “In fact, almost 60% of organizations said they consider lack of visibility and inadequate IAM security a major threat to their cloud infrastructure.”