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The Need for Cloud Security in a Modern Business Environment

1 week 6 days ago
by George Whittaker

Cloud systems are an emergent standard in business, but migration efforts and other directional shifts have introduced vulnerabilities. Where some attack patterns are mitigated, cloud platforms leave businesses open to new threats and vectors. The dynamic nature of these environments cannot be addressed by traditional security systems, necessitating robust cloud security for contemporary organizations.

Just as businesses have come to acknowledge the value of cloud operations, so too have cyber attackers. Protecting sensitive assets and maintaining regulatory compliance, while simultaneously ensuring business continuity against cloud attacks, requires a modern strategy. When any window could be an opportunity for infiltration, a comprehensive approach serves to limit exploitation.

Unlike traditional on-premise infrastructure, cloud environments dramatically expand an organization’s threat surface. Resources are distributed across regions, heavily dependent on APIs, and frequently created or decommissioned in minutes. This constant change makes it difficult to maintain a fixed security perimeter and increases the likelihood that misconfigurations or exposed services go unnoticed, creating opportunities for exploitation.

The Vulnerabilities of Cloud Security Services

Any misconfiguration, insecure application programming interface (API), or identity management solution may become an invitation for cyberattacks. Amid the rise of artificial intelligence (AI) technology, it is possible for even inexperienced individuals to exploit such weaknesses in cloud systems. Cloud environments are designed for accessibility, a benefit that can be taken advantage of.

“Unlike traditional software, AI systems can be manipulated through language and indirect instructions,” Lee Chong Ming wrote for Business Insider. “[AI expert Sander] Schulhoff said people with experience in both AI security and cybersecurity would know what to do if an AI model is tricked into generating malicious code.”

At the same time that many businesses are migrating to cloud platforms and implementing cloud security features, they are adopting AI technology in order to accelerate workflows and other processes. These systems may have their advantages for certain industries, but their presence can create its own vulnerabilities. Addressing the shortcomings of cloud systems and AI at the same time compounds the security challenges of today.

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George Whittaker

US SEC Preparing To Scrap Quarterly Reporting Requirement

1 week 6 days ago
The U.S. SEC is reportedly preparing a proposal to make quarterly earnings reports optional, potentially allowing companies to report results just twice a year. "The proposal could be published as soon as next month," reports Reuters, citing a paywalled report from the Wall Street Journal, adding that "regulators are in talks with major exchanges to discuss how their rules may need to be adjusted." Reuters reports: The SEC will vote on the proposal once it is published, after a public comment period which typically lasts at least 30 days, the report said. The WSJ report added that the rule is expected to make quarterly reporting optional and not eliminate it altogether. The proposed change in the reporting standard would allow listed companies to publish results every six months instead of the current mandate to report figures every 90 days. Trump, who first floated the idea in his first term as president, has argued the change in requirements would discourage shortsightedness from public companies while cutting costs. Skeptics, however, caution delaying disclosures could reduce transparency and heighten market volatility.

Read more of this story at Slashdot.

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