One DDoS attack knocked out a website for 292 hours (or 12 days) and a small business can lose up to $74,000 per hour of DDoS downtime. Some risks mitigated by the Cloud include:ĭistributed Denial of Service (DDoS) Attacks: A DDoS attack occurs when cybercriminals send so much malicious traffic to a destination – like a web server – and forces it offline. Perhaps most telling is that by 2024, workloads which utilize the Cloud to enhance data protection will experience 60% fewer security incidents when compared to traditional on-premise data centers. Protecting critical data and devices from evolving, and more complex threats, is a top priority, which is why many organizations are choosing to utilize the Cloud, as evidenced by the following:Ĩ3% of IT leaders trust cloud security more than ever.ĩ4% of small and medium businesses (SMBs) report experiencing security benefits after migrating to the Cloud.Ħ1% of security professionals believe the Cloud is safer than an on-premise environment. With cloud migration, this happens in a variety of ways. When revenues are uncertain, many companies in many industries seek ways to reduce operating costs and maximize efficiency. In the first quarter of 2020 (when COVID-19 was in its early stages), cloud spending rose 37% to $29 billion USD. Post-pandemic (within the next five years), IT leaders expect 95% of workloads to be in the Cloud. And if you think COVID-19 has dampened the on-premise to cloud shift, the stats say otherwise:Ĩ7% of global IT decision-makers agree that COVID-19 will push organizations to accelerate cloud migrations. The Cloud revolution is in effect as 85% of businesses worldwide use the Cloud to store data.