Businesses from around the world are shifting their processes to Cloud. The Covid-19 pandemic has accelerated the adoption pace. Implementing a Cloud into the strategy will help an organization in cutting down expenses and building more efficient systems. But Cloud also has several risks associated with it, so you must appropriately judge the situation before adopting Cloud into your business.
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Security Risks of Cloud Computing
Many security risks surface while switching over to Cloud Computing. Here we will discuss the top security risks that an organization must be aware of:
It’s one of the major risks associated with Cloud Computing faced by businesses and organizations alike. If they are moving their confidential or sensitive data to the Cloud, they increase their exposure to a potential cyber threat. As recent studies suggest that the chances of a malware attack rise significantly as companies choose cloud-based solutions. Today Cybercriminals are becoming tech-savvy and are willing to go to any extreme in conducting a Cybercrime. If you are a beginner at Cloud Security, read this CCSP Tutorial for Beginners to help you get started.
Limited visibility into network operations
When businesses or companies move their workloads and sensitive data to cloud platforms, they also lose their visibility into network operations. As Cloud service now handles all the systems based on their policies. It all depends on the type of service a particular organization chooses.
Data Loss or Data Leakage is becoming a major concern for organizations lately. According to an industrial study, 60% of companies who switched to Cloud fear the loss of data. It’s because once a company transfers its data to any Cloud Service Provider, it falls on their shoulder to secure data. If the Cloud Service Provider comes under an attack, it could lead to data loss or leakage. Ultimately, divulging intellectual property and bearing damages from a business point of view.
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People have started realizing the importance of Data privacy globally. Due to that, regulations surrounding compliance are becoming stringent. Many industry standards such as HIPAA, GDPR, PCI DSS, etc., are becoming more stringent to incorporate tightening compliance regulations. These regulations decide who can access data and the depth of their access. Organizations need to create and monitor network and access measures.
The move to cloud infrastructure isn’t easy as it seems to be the case. It needs careful planning and due diligence to be able to perform this transition smoothly. The organization looking to switch over to the cloud or move their workloads or assets to a cloud environment must ensure that they fully understand the scope of the work needed for a smooth transition to the cloud. Often what happens during this stage is that security measures are overlooked.
I hope this blog covered the major security risks of Cloud Computing that organizations and businesses are facing today. Navigating through these tasks is an essential task that every company must be prepared for.