The cloud has many benefits, like enhanced cooperation, superior accessibility, mobility, storage capacity, etc., yet cloud computing security risks cannot be avoided. The need for secure systems and the protection of private data is growing as more businesses rely on cloud-based technology, especially in light of the prevalence of remote working. Although using cloud storage is not always risky, there are several security flaws that companies should be aware of and understand how to avoid.
Different kinds of cloud computing security risks
- Insider threats
Administrators, developers, and other dependable staff members with access to sensitive data could accidentally harm the system. These are internal security threats. It is essential to train your workers on how to use cloud applications properly.
- Data breaches
Data breaches caused by inadequate security procedures are significant cloud security issues. Businesses must ensure that their online storage service provides complete security against data leaks and unauthorized access.
- Insecure API
Cloud services may expose your data and systems with unreliable APIs, threatening information and ensuring confidentiality.
- Cloud vendor security risks
Many small firms need basic technical knowledge of the cloud services they employ. As a result, your reputation now also rests on the integrity of the cloud provider’s organization and is not just dependent on your own. That’s a risk associated with cloud computing.
- Account hijacking
The recommended practice is to use strong passwords that are changed frequently because cyber criminals can get login credentials to access sensitive data kept in the cloud and are known to exploit holes in network infrastructure.
- Data leakage
Inadequate security measures may lead to data leakage because cloud services frequently include publicly-accessible URLs for file uploading and downloading. Through strong link encryption and limiting access, businesses must reduce this risk.
What is cloud computing risk management?
Cloud-based services are frequently affordable, simple to implement, and convenient to use anywhere. The number of potential security flaws a business may have likewise risen due to cloud risk management solutions. They enlarge the purview of audits, monitoring, and risk assessments. Skillful risk management of those risks becomes crucial due to the cloud’s increased third-party risks. Businesses should employ risk management frameworks and Privacy- and security-by-design principles to protect their data.
Best practices for cloud computing risk management
Ensure that your online storage company has a business continuity plan outlining its approach to securing data held on its servers during significant catastrophes, such as natural disasters or threats.
You should also determine if your cloud storage provider provides training to inform staff about potential security and cyber hazards related to cloud services. Employees must be familiar with the organization’s data management system’s internal operations, particularly when preventing social engineering attacks on remote storage of end-user personal data and files.
As a proactive and efficient method of evaluating a cloud-based system’s cyber security, cloud penetration testing should be carried out regularly as part of your company’s risk management plan. As a real-world hacker would, it looks for flaws in the cloud to test the system.
Data security audit
Ask your provider if they perform routine security checks to protect personal information and sensitive files of end users stored on their network. If not, look for another cloud computing partner that can provide full transparency into the security practices of their administrators.
Deploy technical safeguards
Technical protections can act as enforcement points for security policies in the cloud or on-premises between customers of cloud services and their providers. An example of such a point would be a cloud access security broker (CASB). Users accessing cloud-based resources act as a point of enforcement for corporate security regulations.
Establish adequate controls based on risk treatment
Developing reliable data classification and lifecycle management techniques is a crucial component of risk management. Your service-level agreements (SLAs) should also include procedures for protecting and wiping data stored in public clouds.