1. Data Breaches: One of the major challenges businesses face in managing cybersecurity risks is data breaches. Hackers target cloud environments to steal sensitive data.
2. Weak Access Controls: Many organizations struggle with weak access controls. For instance, default passwords or the sharing of login credentials posing a cybersecurity threat.
3. Shadow IT: The adoption of shadow IT by employees causes cybersecurity risks in a business. Unsanctioned cloud services and apps create vulnerabilities in the organization’s network.
4. Insufficient Visibility: A significant challenge in managing cybersecurity risks is the lack of visibility into cloud environments. Monitoring, identification, and reporting of security events within the cloud extend beyond traditional security measures.
5. Human Error: Cybersecurity breaches may result from human error by employees. For instance, lack of training, poor security hygiene, or failure to report security incidents.
6. Inadequate Resource Allocation: A significant challenge in managing cybersecurity risks is insufficient budget allocations, understaffing, and lack of the cybersecurity skills required to handle the risks.
7. Cybersecurity Talent Shortage: A shortage of cybersecurity talent often leaves critical cybersecurity positions vacant for prolonged periods. This exposes enterprises to risks.
8. Misconfigurations: Misconfigurations in cloud deployments can lead to cybersecurity risks. Misconfigurations range from data encryption, password policies, and default access controls’ settings.
9. Compliance: Cloud security standards, including GDPR, HIPAA, PCI, and similar regulations, must be enforced to avoid severe financial and legal penalties.
10. Rapidly Evolving Cybersecurity Risks: Malicious actors in cybersecurity continuously update their attack methods and evade traditional security countermeasures. This results in a constant need for up-to-date security measures by businesses.