Lacework Quarterly Cloud Threat Report Shows the Automated Techniques Cybercriminals are Using to Attack Businesses in the Cloud
Enterprising criminals are selling direct access to cloud accounts
SAN JOSE, Calif., Aug. 31, 2021 /PRNewswire/ â" Lacework, the data-driven security platform for the cloud, today released its quarterly cloud threat report, unveiling the new techniques and avenues cybercriminals are infiltrating to profit from businesses.
The rapid shift of applications and infrastructure to the cloud creates gaps in the security posture of organizations everywhere. This has increased the opportunities for cybercriminals to steal data, take advantage of an organizationâs assets, and to gain illicit network access.
âItâs in enterprisesâ best interest to start thinking of cybercriminals as business competitors,â said James Condon, Director of Research at Lacework. âLast year alone, cybercrime and ransomware attacks cost companies $4 billion in damages. As more companies shift to cloud environments, weâre seeing an increase in demand for stolen access to cloud accounts and evolving techniques from cybercriminals, making enterprises even more vulnerable to cloud threats.â
New research from Lacework Labs, the dedicated research team at Lacework that focuses on new threats and attack surface risks within the public cloud, sheds light on the crimeware and growing ransomware landscape in the face of new threat models and emerging cybersecurity challenges. Based on anonymized data across the Lacework platform from May 2021 â" July 2021, key findings of the report include:
Based on the findings of this report, Lacework Labs recommends that defenders:
To view a copy of the full report or the executive summary, please visit here.
The new research findings are part of Laceworkâs second volume of its Cloud Threat Report, a quarterly report that details new crimeware incidents, vulnerabilities, and attacker opportunities.
About Lacework
Lacework is the data-driven security platform for the cloud. The Lacework Cloud Security Platform, powered by Polygraph, automates cloud security at scale so our customers can innovate with speed and safety. Polygraph is the only security solution that can collect, analyze, and accurately correlate data across an organizationâs AWS, Azure, GCP, and Kubernetes environments, and narrow it down to the handful of security events that matter. Customers all over the globe depend on Lacework to drive revenue, bring products to market faster and safer and consolidate point security solutions into a single platform. Founded in 2015 and headquartered in San Jose, Calif., with offices all over the world, Lacework is backed by leading investors like Sutter Hill Ventures, Altimeter Capital, Liberty Global Ventures, and Snowflake Ventures, among others. Get started at www.lacework.com.
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