In a rapidly digitizing world, cloud computing has become the backbone of innovation. However, as the world races toward a tech-driven society, one critical issue demands urgent attention and that’s security. Tech leaders like IntelligIS CEO Marcus Wilson, BizTech Fusion CEO Xadean Ahmasi and ECF Data CEO Joseph Hendrson see cloud migration as more than just a technical change. They consider it crucial for building organizational resilience and strengthening security posture, with Fortune Business Insights projecting that the global IT security market to reach $578.2 billion by 2033.
The Breakdown You Need To Know:
Cloud adoption without robust IT security is like building a smart city on a cracked foundation. To truly unlock the promise of digital transformation, IT security cloud solutions must be prioritized, not just as an afterthought, but as a strategic enabler. This is why Henderson, Ahmasi and Wilson leaned into the resources available to them as Microsoft BPGI Partners to help scale their businesses and provide exceptional results for clients, as CultureBanx noted during its “Elevating Innovation” session.
IT security remains tricky and this is exactly why a company like IntelligIS is hyper-focused on making sure to deliver the best security solutions to its clients. Companies can no longer ignore how poor cloud security hits their bottom line. Recent data shows that data breaches now cost $4.88 million on average in 2024, according to Beamsec.
“Educating our clients is key because it doesn’t matter what type of tool you use. It could be multi-factor identification or end-to-end encryption…there are always gaps in the system,” said Wilson, IntelligIS CEO to CultureBanx.
SentinelOne reported about 40% of breaches happen in hybrid cloud setups compared to single-environment storage. So, security teams must know how to handle the unique challenges of multi-cloud systems.
Future Ready Solutions:
The Center for Internet Security found that public cloud breaches prove the most expensive, with average costs reaching $5.17 million. These worrying numbers haven’t stopped organizations like ECF Data from seeing that a well-planned move to the cloud actually makes things safer rather than riskier.
Even with new technologies like generative AI models, IoT devices, and SaaS applications creating more attack points, a well-implemented cloud security setup offers clear advantages. IBM’s Cost of a Data Breach Report Companies using AI and automation for security prevention cut their breach costs by $2.22 million compared to those without these tools.
“We’ve been doing a lot of AI projects to help transform organizations by using application development that we wrap with Microsoft Azzure Open AI products to help facilitate growth in various areas,” said Henderson, President and CEO of ECF Data.
Companies are now recognizing that well-secured cloud environments protect better against emerging threats. Due to this cloud computing budgets will reach 51% of IT spending by 2025, according to Gartner.
Trusting Innovation:
Trust drives adoption because consumers, employees, and business partners are more likely to embrace digital platforms when they are confident that their data is secure. IT security solutions such as end-to-end encryption, identity access management and threat detection build trust. CultureBanx reported that in sectors like healthcare and fintech, where data sensitivity is paramount, this trust is non-negotiable.
These industries along with others are using converging data solutions to fuel global expansion as businesses scale across borders, they must comply with stringent data regulations. BizTech Fusion is at the forefront urging companies to proactively invest in cloud security to better position themselves to expand and avoid repercussions.
“Any industry that deals with vast amounts of complex non-linear data that demands integration like bio-tech, day trading and sports betting, we make sure that it’s optimized for companies to enhance their productivity, ” said BizTech Fusion President and CEO, Ahmasi.
What’s Next:
It’s important to note that in 2025 alone, global cybercrime costs are projected to exceed $10.5 trillion, according to Cybersecurity Ventures. This reality underscores a simple truth that a tech-driven society cannot exist without secure digital infrastructure. Cloud security is no longer a technical detail, it is a strategic priority. In an effort to move from reactive defenses to proactive enablers of opportunity, secure cloud solutions must evolve. Only then can we build a future where technology empowers, connects, and protects everyone.
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