Why Should Cloud Computing Not Be Left Out of Your Cybersecurity Strategy?

“The truth is that applications and data maintained in the cloud can be more secure than data held in on-premises corporate systems. That’s because moving to the right kind of advanced cloud computing system represents a more dynamic approach to risk. The security of the barriers is based not just on keeping people out, but on watching people who come in. You learn from every use of your data, and even from any attempted attack”

-Columbia Business School

Traditionally, on-premises systems are more secure, but this isn’t the case anymore. A phishing email along with failure to update the system can make the system vulnerable. Moreover, it can easily lead to data breaches. A business’s cybersecurity strategy should start with cloud computing. It lowers the costs and increases the accessibility and improves the basic functions of the business’s systems. Cloud computing is the ideal choice to secure large data because it keeps the data safe and secure throughout the year. In some instances, machine learning algorithms are also implemented to detect and deter possible threats.

What Should You Know About Cloud Computing?

Cloud computing has grown tremendously over the decades because users are adapting to the evolution of cloud computing. It worth approximately $107 Billion in 2017 alone and predicted an increased usage of cloud computing in 2020. Additionally, it became a necessity for basic functions in the system. Cloud computing is a virtual environment that makes it easier for users to adapt to. It doesn’t require using many physical components, available via a browser, and it reduces the cost of purchasing hardware and IT professionals. Services providers are the ones who control and update the software. Therefore, it is easier for users since it’s cheaper and more accessible.

One of the disadvantages involved with cloud computing is security associated. It is advisable to take advantage of cloud computing for 2 reasons – It gives organizations a greater competitive edge in the use of technology than traditional IT hardware and is the ideal choice for start-up businesses.

As more organizations adopt cloud computing, awareness of the risks involved also rises. However, organizations further invest in this practice as it outweighs the associated risks. We largely link some of these risks to data breaches. General Data Protection Regulation (GDPR) sees data destruction and corruption as breaches of data. Whereas the Cloud Security Alliance (CSA) considers any leak of personal data also a breach of data. A company may get a fine or experience criminal charges for these activities.

CSA advises cloud computing providers to prompt the users to provide authentication or encrypted security code to verify their data. Allocating permissions and a proper training of employees are also potential practices. Additionally, we can recommend implementing an appropriate data storage strategy.

What Should the Companies Consider?

Cloud computing has completely transformed the approach organizations used to store data, share data and control it. Today, the public uses it widely, which makes it at a greater risk. The CSA conducted research with professionals that identified twelve potential risks related to cloud computing. The data breach was the primary risk identified with customers often experiencing a leak of their personal information. Insufficient identity, credential, and access management; in terms of this issue, the system should be more secure to prevent unauthorized users from accessing the data.

Insecure interfaces and application programming interface (APIs) are also considered risks. These should be more secure to prevent malicious attacks since they are necessary to manage and control the services offered by the cloud. The systems should also be more robust to prevent hackers from accessing it.

Account hijacking, malicious insiders and advanced persistent threats (APTs) are also among the identified risks. Hackers, as well as system administrators, are able to access sensitive data. Other potential risks include: data loss, insufficient due diligence, Abuse and nefarious use of cloud services, Denial of Service (DoS) and shared technology vulnerabilities. With that being said cloud computing usage is increasing rapidly, and it should be more secure for its users.