Cloud Computing & Security: What Enterprises Should Know

Cloud computing is a field that is rapidly growing, especially in the industrial sector. Along with it, though, comes the question of enterprise security. Adopting the right strategy can prove to be highly beneficial for companies. Some experts believe that the cloud may be the safest place to store data. But many others maintain that it can be the least secure place to store sensitive office data.

How secure is the cloud in actuality? What are the things that enterprises need to know regarding the maintenance of data in the cloud? Is it safer for data to remain within the office environment? 

In this article, we bring you the latest in cloud security trends and present certain facts that companies should be aware of:

Cloud Security Is In

The steep rise in the adoption of the cloud in enterprises has brought about a considerable increase in demand for cloud security service providers. This trend indicates that companies understand and recognize the risks involved and are doing their best to tackle the problem of security. This aspect is now the top priority for IT departments of several companies. It is expected that this market demand will grow even further in the coming few years.  

Cloud Storage Is Risky 

For most people, the cloud is the most convenient place to store all their data. While that is the case with enterprises too, storing supposedly classified data can prove to be challenging for companies; especially for the smaller business outfits, which do not have enough financial and other resources to maintain data in the cloud.
Businesses involving banking, credit cards, finance, accounting, and so on, are most at risk.

 No Company Is Perfectly Safe

No matter how much experts extol the virtues of the cloud, it is a fact that no company is ever totally free from threats and vulnerability to external attacks. Several years ago, major companies such as JP Morgan Chase, Home Depot, Target, and several others reported that their data had been severely compromised. If that could happen to such big brands, smaller companies would be at a bigger risk of losing important data.

Public vs. Private

Business organizations often wonder about the security of public vs. private clouds. Adopting a private cloud strategy may initially seem to be the better and more secure option, as it gives the IT department more control over data and better cloud standards. However, that is not the case. Complete security can only be achieved by chalking out an effective plan and following the right strategies for managing the technology.

External vs. Internal Threats

Most enterprises believe that the main threat to security comes from hackers and social engineers, working outside the organization. However, the fact is that internal employees pose an equal threat to data vulnerability. The situation is further complicated by employees or contractors working offsite or using their devices to access official information, outside of the office network.

BYOD Increases Risks

The rise in BYOD, along with the recent emergence of WYOD in enterprises, presents a new risk for companies. While the Internet of Things makes it convenient to connect and transfer data between multiple desktops and mobile devices in the office, it creates its issues of security and vulnerability to cyberattacks.

Using The Right Security Tools

Companies interested in adopting cloud computing now have several security tools and services at their disposal. Unfortunately, however, few organizations are aware of the type of products available to them or how they can use them. This could end up exposing them to vulnerabilities they do not even know exist. 

Security Policies Are Vital to Ensure Safety

While companies are now far more willing to adapt to working in the cloud, most of them are not aware of the importance of drawing out the right security and enterprise data protection policies. The current BYOD and BYOA milieu within the office makes it all the more vital for organizations to have the right enterprise MDM strategies in place. 

Cloud Computing Security

Companies that adopt cloud computing may reap both cost-cutting and productivity benefits. However, they face a new security challenge in the form of threats from hackers, malware and other cyber thieves. Some experts believe that companies can best protect their data by storing it in the cloud; others fear that data stored online is more vulnerable than ever before.

The sharp rise in the number of enterprises adopting cloud computing has led to a corresponding increase in demand for cloud security providers. Businesses dealing with sensitive information such as financial records and credit card data are especially vulnerable to security breaches. To ensure complete protection against such attacks, companies need to come up with a solid strategy for managing their technology.

Nicholas H. Parker specialises in web design and is a content editor at PaperHelp

You Might Also Read: 

Security Trends For 2022 - The Need For Talent &  Cloud  Migration:

 

« Elon Musk, YouTube & Bitcoin
Fixing The Cyber Security Workforce Gap »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

ON-DEMAND WEBINAR: What Is A Next-Generation Firewall (and why does it matter)?

ON-DEMAND WEBINAR: What Is A Next-Generation Firewall (and why does it matter)?

Watch this webinar to hear security experts from Amazon Web Services (AWS) and SANS break down the myths and realities of what an NGFW is, how to use one, and what it can do for your security posture.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

Venafi

Venafi

Venafi is a world-class cyber-security company dedicated to protecting machine identities for our hyper-connected digital economy.

Cyber Defense Media Group (CDMG)

Cyber Defense Media Group (CDMG)

CDMG is the leading global media group for all things cyber defense.

Igloo Security

Igloo Security

Igloo Security is a leader and pioneer in SIEM (Security Information & Event Management), PSIM (Physical Security Information Management) and MSS (Managed Security Services).

Xage Security

Xage Security

Xage is the world’s first blockchain-protected security platform for Industrial IoT.

AVeS Cyber Security

AVeS Cyber Security

AVeS combines expert knowledge and services with leading technology products to provide comprehensive Information Security and Advanced IT Infrastructure solutions.

GuardSI

GuardSI

GuardSI was created to protect companies from growing threats to security such as fraud, hacking, internal theft, accidents and human mistakes that can directly affect the business.

Caveonix

Caveonix

Caveonix’s RiskForesight TM solution is an automated, proactive risk and compliance platform designed for hybrid and multi-cloud.

SecondWrite

SecondWrite

SecondWrite’s next-generation malware detection engine delivers a combination of automatic deep code inspection and accurate scoring of zero-day malware.

In Fidem

In Fidem

In Fidem specializes in information security management, with a bold approach that views cybersecurity as a springboard to organizational transformation rather than a barrier to innovation.

Grove Group

Grove Group

Grove provides businesses with the tools that work best for their unique operations, through cybersecurity and cloud services, custom software development and our big data analytics expertise.

NorthRow

NorthRow

NorthRow provides digital transformation compliance solutions to help businesses manage regulatory and financial crime risks.

SE Ventures

SE Ventures

SE Ventures provides capital to big ideas and bold entrepreneurs who can benefit from Schneider Electric's deep domain expertise, R&D assets, and global customer base.

CommandK

CommandK

CommandK provides companies with infrastructure to protect their sensitive data. Built-in solutions to prevent data-leaks and simplify governance.

Cynical Technology

Cynical Technology

Cynical Technology is a Nepalese cybersecurity company with expertise in security consulting, auditing, testing and compliance.

Sonar

Sonar

AI generated or written by humans, Sonar’s Clean Code Solutions cover your code quality needs, improving code reliability, maintainability, and security.

Interlock

Interlock

Interlock are building blockchain-based security products that solve legacy web2 security issues - phishing and social engineering.