Storing data in the cloud is now routine for people and companies alike, but cybersecurity risks still exist, particularly in handling user authentication and access control securely. Researchers are developing novel methods to store data securely and in a computationally affordable way, and to exploit it efficiently–by computing directly on encrypted data.
Cloud computing, while indispensable for modern business operations, has also become a significant target for cyberattacks due to the large amount of sensitive data stored online. Currently, over 90% of organizations rely on cloud services for critical operations, and there are more than 3.6 billion active cloud users globally. This translates to 47% of the world’s population utilizing cloud services, underscoring the widespread dependency on the cloud.
Unfortunately, this reliance on cloud computing comes with heightened risks. Data breaches are escalating in both frequency and severity: according to the 2024 Thales Cloud Security Study, 44% of businesses reported experiencing a breach in their cloud environments, with 14% reporting a breach within the past 12 months.
