Google Cloud says private sector cyber security providers are 'working harder than ever' to ensure better products. Reuters
Google Cloud says private sector cyber security providers are 'working harder than ever' to ensure better products. Reuters
Google Cloud says private sector cyber security providers are 'working harder than ever' to ensure better products. Reuters
Google Cloud says private sector cyber security providers are 'working harder than ever' to ensure better products. Reuters

Here are Google's 5 predictions for cloud security in 2023


Alvin R Cabral
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Cloud technology is tipped to play a bigger role in reinforcing the security of enterprises in 2023, serving as the gateway to a "global digital immune system", Google said in its cloud security predictions for 2023.

The projection is among five key scenarios expected next year in the cloud sector, which is likely to witness more intense competition and a more skilled workforce that will combat cyber threats, the unit of Alphabet-owned Google, the world's biggest internet company, said on Wednesday.

"Cloud technology will continue to embrace simplicity across a highly complex security landscape, and become an abstraction-generating machine for identifying, creating and deploying simpler modes of operating securely and autonomically," Phil Venables, chief information security officer of Google Cloud, said in the report.

The adoption of cloud technology is growing because of the increase in data consumption and evolving economic and societal landscapes that have become increasingly digital.

Global end-user spending on public cloud services alone is expected to approach the $600 billion mark in 2023, with inflationary pressures dictating how much growth the industry will be able to carve out, a study by Gartner showed last month.

Cloud will be the de-facto environment for maximum security

Google argues that on-premise environments cannot maintain the same default level of security as cloud environments can in today’s hybrid world.

It is expected that the base security of the cloud, working with an organisation’s protected configuration, will be stronger than any on-premises environment can realistically offer, Mr Venables said.

"For businesses, tapping into the constant security updates the cloud provides will be like tapping into a global digital immune system that is constantly growing in strength," he said.

"In 2023, we’ll see more organisations across sectors transition to the cloud to support better security."

Cyber security workforce to boost capabilities

While there are challenges for companies in securing staff to fill cyber security roles, this will "start tilting in the right direction" as enterprises act to radically improve their talent pool, Google Cloud said.

The global cyber security industry has a 2.5 million jobs gap it must fill to keep up with an evolving digital underworld, Microsoft UAE director Mohammed Arif told The National earlier this year.

Among the steps that would be taken are increasing the cross-training of employees into roles specifically for cyber security, aside from offering more entry-level positions that are tailored to company strategies.

"Cyber security roles are not a monolithic career. There is no typical 'cyber security' role; we’ve evolved, and in 2023 we need to start viewing it as such," Mr Venables said.

Competition will accelerate in the best way

Given the pace and extent of enhancements being made to boost cyber security, improvements in the cloud are expected to scale the capabilities of the industry in 2023.

Google Cloud said that, for the first time in history, the biggest private sector cyber security providers are "working harder than ever" to ensure their products are better. This is critical for big enterprises, governments and critical infrastructure, which are the most likely target for cyber attacks.

Future cyber attacks could be deadlier than actual wars if rogue elements in the digital underworld take aim at critical infrastructure and connected devices, Forcepoint chief executive Manny Rivelo told The National in October.

"This massive, global-scale competition to continue bettering security will continue to be a benefit to all," Mr Venables said.

This will be important, given that the number of "highly professional" cyber-criminal gangs has surged to about 900 from about a dozen five years ago, Kaspersky chief executive Eugene Kaspersky told The National in October.

Tech infrastructure investments to counter malicious behaviour

For businesses, tapping into the constant security updates the cloud provides will be like tapping into a global digital immune system that is constantly growing in strength
Phil Venables,
chief information security officer, Google Cloud

The increase in malicious cyber activity is likely to continue through 2023, as attackers find new ways to be a step ahead of organisations.

But increased investments to boost cyber security infrastructure will help mitigate any threats, Google Cloud said.

Companies — which are still figuring out how to contain the growing number of threats — will be compelled to implement built-in measures into their infrastructure, instead of including them as an add-on, which will help in the long-term integrity of their systems, Mr Venables said.

"The outlook long term is optimistic, but short-term pessimistic, and I expect organisational approaches in the coming year to continue to be more cautious."

Threat intelligence will be a must

Threat intelligence — the process of gathering information on cyber criminals — will be a staple in organisations in order to better prepare for any attacks, Google Cloud said.

Identifying a rogue actor's motives and operation will help in effectively detecting, investigating and responding to any attack, Mr Venables said.

"Organisations will enhance their consumption of tactical threat intelligence as fuel in their security operations suites."

Google Cloud plans to expand its business in the Middle East as part of the company’s global expansion drive, its chief executive Thomas Kurian told The National last month. It currently has 35 cloud regions live with 106 data centres, and has also announced plans to develop 14 more cloud regions globally.

JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

Command%20Z
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3ESteven%20Soderbergh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMichael%20Cera%2C%20Liev%20Schreiber%2C%20Chloe%20Radcliffe%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%C2%A03%2F5%3C%2Fp%3E%0A
PSG's line up

GK: Alphonse Areola (youth academy)

Defence - RB: Dani Alves (free transfer); CB: Marquinhos (€31.4 million); CB: Thiago Silva (€42m); LB: Layvin Kurzawa (€23m)

Midfield - Angel di Maria (€47m); Adrien Rabiot (youth academy); Marco Verratti (€12m)

Forwards - Neymar (€222m); Edinson Cavani (€63m); Kylian Mbappe (initial: loan; to buy: €180m)

Total cost: €440.4m (€620.4m if Mbappe makes permanent move)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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%3Cp%3E%3Cstrong%3ECreators%3A%20%3C%2Fstrong%3EMohammed%20Amer%2C%20Ramy%20Youssef%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EMohammed%20Amer%2C%20Teresa%20Ruiz%2C%20Omar%20Elba%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Updated: December 22, 2022, 5:24 AM