“Cloud Security at Risk: New Study Reveals Over 1/3 of Companies Reuse Passwords”

Secureframe, a leading provider of compliance automation software, has recently announced the release of Secureframe Trust, a platform that helps organizations demonstrate their security, compliance, and privacy posture to build customer trust. The company’s research has revealed that cloud-first organizations suffer from three common security failures: access key rotation, multi-factor authentication, and passreplace reuse. The study shows that access key rotation for cloud service providers has the highest failure rate at 41%, while 40% of IAM accounts and 21% of root accounts did not have multi-factor authentication. Additionally, 37% of organizations reused passwords for cloud service provider logins. These findings highlight the risk of account takeover, which remains one of the top threat vectors for bad actors.

The failure rates for these common security configurations emphasize the importance for organizations to take proactive measures to achieve compliance and enhance their security posture. Top cloud platforms, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform, provide native capabilities around multi-factor authentication, access key rotation, and password reuse prevention. By implementing Secureframe’s platform, organizations can achieve compliance with critical security controls and continuous monitoring of their cloud resources. After reaching compliance, organizations can use Secureframe Trust to showcase their security posture and build trust with prospects and customers.

Secureframe Trust is a powerful platform that can help organizations turn their security posture into a competitive advantage by allowing them to proactively showcase the measures they have taken around security, compliance, and privacy. The platform enables prospects to self-serve or request any security documents they need, streamlines security reviews by allowing administrators to review, approve, and deny resource requests from their dashboard, and provides ML-powered questionnaires automation to respond to RFPs and security questionnaires up to 10 times faster.

By maintaining a single source of truth on answers to security questions, accessible to anyone in the organization from the comfort of their browser with the Secureframe Knowledge Base Chrome extension, organizations can simplify and expedite their compliance journey for global security and privacy standards such as SOC 2, ISO 27001, PCI DSS, HIPAA, GDPR, and more. Secureframe is backed by top-tier investors and corporations such as Google, Kleiner Perkins, and Accomplice Ventures, and is amongst the Forbes list of Top 100 Startup Employers for 2023.

In today’s technology-driven world, data security is a top priority for all businesses. With the increasing frequency of data breaches and cybersecurity risks, organizations must take proactive measures to prevent cloud security failures. Secureframe Trust provides organizations with a powerful platform to showcase their high compliance standards in a way that is clear, concise, and comprehensive. By building customer confidence, organizations can gain a competitive advantage over their peers while protecting sensitive information and reducing the risk of cyber attacks.

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