A critical vulnerability, CVE-2021-342, has been identified in the Splunk indexer component, a vital part of the Splunk Enterprise suite, due to improper validation in the Splunk 2 Splunk (S2S) protocol. This high-severity vulnerability allows attackers to perform an Out of Bounds (OOB) read, potentially leading to Denial of Service (DoS) attacks or unauthorized memory access, with a severity score of 7.5. Splunk has released patches for affected versions, and users are advised to upgrade to secure versions 7.3.9, 8.0.9, 8.1.3, and 8.2.0, or alternatively implement SSL and access control measures. The risk extends beyond Splunk data, potentially compromising other sensitive information if attackers have specialized knowledge of the system, highlighting the importance of robust security practices both in on-premise and cloud environments. While cloud infrastructures often have built-in security measures, on-premise setups may require additional configurations like Address Space Layout Randomization (ASLR) and Data Execution Prevention (DEP) to mitigate such vulnerabilities. Additionally, Coralogix, a multi-tenant observability platform, offers a layer of abstraction to protect against these vulnerabilities, emphasizing the need for evaluating security across different deployment environments.