"External Attacks on Cloud Accounts Grew 630 Percent From January to April"
In a new survey by Macafee, researchers found that overall enterprise adoption of cloud services spiked by 50 percent between January and April, including manufacturing and financial services that typically rely on legacy on-premises applications and networking and security more than others. The use of cloud collaboration tools increased by up to 600 percent. The education sector saw the most growth in the use of cloud collaboration tools since more students are required to adopt distance learning practices. Threat events against cloud services and collaboration tools from external actors increased by 630 percent between January and April. Most of these external attacks targeted collaboration services like Microsoft 365 and were large-scale attempts to access cloud accounts with stolen credentials.