Securing the cloud: Lessons learned from 2023 and what it means for 2024

The global cloud computing market is expanding rapidly and reaching new milestones every year. According to recent data, the market is projected to grow from USD 626.4 billion in 2023 to USD 1,266.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 15.1 percent during the forecasted period. The industry's rapid financial growth is also driving new technological advancements. With this, the dynamic and innovative nature of cloud technology brings new security vulnerabilities and risks, thereby every year increasing the number of malicious incidents. According to the 2023 Thales Cloud Security Study, more than a third (39 percent)… [Continue Reading]