Cloud security: New ways to innovate – PwC

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Business runs on technology – and more than ever, on cloud-based technology. Cloud use has always been about business innovation: helping developers to collaborate no matter where they might be; adopting new, more flexible ways to work; inventing new business models; connecting technologies to better operate a business; and providing superior service to customers and clients.

Yet the 2024 Global Digital Trust Insights survey ranks the cloud as both the top cyber threat and top cyber investment. And approximately one-third of organizations in the survey have no risk management plan to address cloud service provider challenges.

It’s time to consider a new approach. Collaborate with your CIO, CTO, Transformation teams and other leaders around cloud innovation, enabling your enterprise to get creative with cloud-native or cloud-first security. Most of the survey’s top performers — 57% — have already done so: mitigated their concentration risk with a hybrid cloud model, and completed and updated their cloud risk management plans. As a result, these companies’ cyber teams may be better equipped to innovate, using a platform model, generative AI and other new opportunities – letting your cloud be an innovation driver, not a security risk.

In addition, expand that creative collaboration with your cloud service providers – the “hyperscalers” that have the scalability and scope to tackle security. Cloud can deliver a highly modular, flexible and automated security model.

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