The document discusses security implications of cloud computing and web application attacks. It notes that web application attacks are now the leading cause of data breaches, but less than 5% of security budgets are spent on application security. There is a wide range of attacks targeting different layers of the application stack. Defending applications and workloads in the cloud is complex due to rapidly changing code, vulnerabilities in third-party tools, and a shortage of cloud security expertise. Perimeter security tools are insufficient for protecting the diverse cloud attack surface. The document also provides an example of a textile company that suffered a data exfiltration attack through vulnerabilities in their PHP login system, costing them $1.8 million.