Cloud Computing and Cybersecurity: Ways to Ensure Safety

Cloud_Computing
Companies are migrating into cloud platforms. The pandemic has accelerated it. It is said that an average person uses a minimum of 36 cloud-based services in this technology-driven world. So, it is evident that the acquisition of cloud computing has become new normal in this modern technology-driven world.

The latest cloud computing statistics tell the exponential growth of the utilization of cloud computing since its implementation. By the end of 2020, it has reached $150 billion. Moreover, 85% of companies around the globe have leveraged multi-cloud strategy in their day-to-day workflows. Therefore, it is expected to increase in the coming years too.

However, the various complexities of cloud computing create many cloud cybersecurity gaps. These gaps can put your business to a halt or jeopardize it completely. So, it is essential to take extra care when you leverage cloud computing for your business. This article looks into various ways to ensure your business is free from possible cloud cybersecurity risks.

"I do think that cloud adoption is a pivotal part of our journey, but cloud carries some significant risks. Your adoption strategy has to have equal parts of progressiveness and conservativeness. Due diligence is absolutely required. The idea of the traditional corporate network is changing. And we need to be out in front of that change to ensure our users are secure, and that we're giving them the best experience that we can."

— Adam Leisring, CISO, Paycor,

Importance of Cloud Cybersecurity

As more and more businesses migrate into the cloud platform, knowing how to stay protected is essential. That is because there are high chances of exposing your sensitive data while using cloud computing.

Preventing threat and breaches are also essential to gaining the trust of your customers. The absence of an effective cloud cybersecurity strategy will invite a massive loss to your business due to losing data.


Five Ways to Ensure Cybersecurity while Using the Cloud

There are a lot of practical measures you can implement in your company to stay safe from possible cloud cybersecurity trends, especially risks. Having a helpful strategy to mitigate cyber threats has become essential for all businesses. This is because companies have started to leverage the latest technologies for the smooth functioning of their processes during the pandemic. This has made cybercriminals target businesses efficiently.

Let us look at five effective ways to ensure cybersecurity while using the cloud.


Get Help from a Cloud Cybersecurity Advisor

It is good to consult with a cloud security advisory to practice the best cybersecurity practices and design a strategy. However, reconfiguring cloud security invites dangerous risks and threats and loses data. Working with fully trained professionals will help you mitigate these risks and implement an effective solution to implement adequate security measures.


Regular Cybersecurity Auditing

A regular cybersecurity audit is necessary to keep track of the effectiveness of cloud security. It will also help your company understand the loopholes and incorporate the latest technologies in your cloud cybersecurity risk-mitigating efforts.


Multi-factor Authentication

Having a single username and password is not fair enough to protect your accounts from hackers. One of the main ways hackers get access to your accounts and application is through stolen credentials.

Make your cloud cybersecurity plans more effective; make sure you use multi-factor authentication (MFA). This will ensure only authorized people are accessing your cloud accounts and applications. It is the cheapest and most effective way of securing your applications and accounts.


Raise Awareness among Employees

Ignorance makes people go wrong in any situation and suffer from severe consequences. Cloud cybersecurity is no exception.

Uneducated employees can put you in trouble. Teaching all your employees proper defense practices will help you reduce risk and mitigate cloud cybersecurity threats in time.


Keep yourself Updated about Latest Threats

Companies have to track all the latest cloud cybersecurity threats. This will help the companies understand attackers' behaviors and the new technologies to get into applications and accounts.

This practice will make the companies check the effectiveness of their cybersecurity strategies and update it quickly as the hackers sophisticate themselves with new technologies. This is important as the hackers are using the latest technologies to get into accounts to steal data and information. Additionally, awareness of the cyber threats and technologies they use will make you take timely precautions incorporating them into your cybersecurity strategy and plan.


Summing UP

Organizations utilize cloud computing in all their processes, wherever it can be applied. Unfortunately, this also invites many possible cloud cybersecurity threats that can jeopardize your business if not taken adequate measures to mitigate.

Following the above ways will protect your business from cloud cybersecurity threats and let you run it smoothly.


Frequently Asked Questions


What are the main security risks with leveraging cloud computing in companies?


There are many cybersecurity risks with cloud computing. Some are malware, inadequate due diligence, data loss and money, compliance, and limited visibility into network operations. Therefore, companies should have a proper cybersecurity strategy to mitigate it well in advance.


Which are the teams responsible for cloud security within an organization?

Several teams are responsible for cloud security within a company. They are the security team, the network team, apps team, IT team, and compliance team. The unanimous effort of these teams with the co-operation of all the employees can mitigate possible threats and breaches.

Spotlight

Informatic Technologies, Inc

We are a Woman Owned Minority National IT Solutions provider and a Systems Integrator, specializing in Digital Transformation solutions, Data Management/Analytics and GRC Solutions. We provide niche IT solution implementation, consulting and project based staff augmentation services.

OTHER ARTICLES
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Article | March 16, 2022

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The NIS2 cyber security rules are coming – are you ready?

Article | March 4, 2022

The EU NIS cyber security regulations are evolving for 2024 – and if you’re not currently aware of how they’ll apply to your organisation, now is the time to get up to speed with the likely requirements. Not only is the directive being tightened, but an extended range of healthcare and related organisations will be added to the list of ‘critical entities’ that must comply. These include certain medical device manufacturers, pharmaceutical companies, and organisations that carry out R&D. The Network and Information Systems (NIS) standards were set up in 2016 to protect essential services – such as water, energy, healthcare, transport and digital infrastructure – from online cyberattacks. The updated legislation, NIS2, will have stricter rules and reporting requirements, and higher penalties for non-compliance. They will apply to medium-sized and large businesses that operate within one or more EU countries. Those based only in the UK can’t sit back, however, as the original NIS regulations will still apply as part of British law. What’s more, a UK version of the rules is coming very soon, and it’s likely that the framework will closely resemble the EU’s. What will the requirements cover? There are a number of cyber risk management measures that all organisations that come under the scope of NIS2 will be required to put in place. For instance, they will need to conduct regular security assessments and risk analyses, adopt incident response and handling plans, and appoint a chief information security officer (CISO), among other obligations. The new directive will streamline and strengthen incident reporting requirements. Entities must notify regulators of any incident that has compromised data, or had a significant impact on the provision of their services, for instance by causing severe operational disruption or financial loss. Applying information system security policies and business continuity plans will form part of the obligations, as will conducting cyber security testing, and training for all staff. The use of multi-factor authentication (MFA) and encryption, where appropriate, will also be mandated. There is plenty of focus within the directive on the cornerstones of cyber security best practice – in particular the proper control of administrator-level account credentials, privileged access, and endpoints, all of which are prime targets for attackers. Under NIS2, organisations are being separated into ‘critical’ and ‘important’ entities. It’s important to determine which category yours will fall under, as requirements are different for each. The third party threat will also be addressed in NIS2 through the pulling in of managed service providers (MSPs) to the list of ‘critical entities’, with the aim of keeping digital supply chains secure. MSPs are often granted privileged access to clients’ corporate systems and networks, which creates security risks. What are the consequences of non-compliance? Organisations that come under the regulations’ purview will be subject to random checks, regular security audits, on-site inspections and off-site supervisions. For those found to be in breach, sanctions could include warnings, temporary suspension of certain activities, and temporary prohibition to exercise certain managerial functions. Financial penalties could be as high as 10 million Euros or 2% of an organisation’s global turnover – whichever is higher. What steps should healthcare organisations take now? Organisations should take action to establish whether the EU or UK NIS2 regulations will apply to them and what their responsibilities will be. Having identified any gaps in existing cyber security processes, policies and practices, they must determine what changes need making to address them. As a priority, they must review their incident response plans, and incident management and reporting procedures. It’s also a good idea to begin assessing the security posture of partners and third parties in the supply chain, and incorporating relevant security requirements into contracts. Given the framework’s focus on protecting privileged admin accounts, organisations should implement controls that will limit the number of staff members who hold these powerful credentials. Implementing privileged access management (PAM) will allow IT to control who is granted access to which systems, applications and services, for how long, and what they can do while they’re using them. Preparing for the introduction of the EU NIS2 regulations should be considered as more than just a compliance exercise. By meeting the strengthened requirements, healthcare organisations will be building a foundation of resilience that protects them, their customers, and the essential services they provide.

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Security by Sector: Improving Quality of Data and Decision-Making a Priority for Credit Industry

Article | April 11, 2022

The subject of how information security impacts different industry sectors is an intriguing one. For example, how does the finance industry fare in terms of information security compared to the health sector, or the entertainment business? Are there some sectors that face greater cyber-threats and risks than others? Do some do a better job of keeping data secure, and if so, how and why?A new study of credit management professionals has revealed that improving the quality of data and decision-making will be a top priority for the credit industry in the next three years. The research, from Equifax Ingnite in collaboration with Coleman Parkes, takes a deep dive into the views of credit management pros across retail, banking, finance and debt management/recovery sectors.

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3 Trends in Data Privacy Breach Laws That Will Carry Over to 2020

Article | February 12, 2020

During 2019, new privacy laws were introduced, and many current laws evolved in the United States and across the global landscape. With the General Data Protection Regulation (GDPR) in full effect, we saw expensive fines levied upon companies that fell victim to data privacy breaches. As we move into a new year, probably the biggest takeaway from 2019 is that being proactive and having a data privacy strategy in place is important to help mitigate the risk of a data privacy breach. The regulatory landscape continues to evolve as states and countries actively pass new expanded requirements for privacy and cybersecurity regulations. While laws in the U.S., like the California Consumer Privacy Act (CCPA), are getting significant attention, many other states and countries are actively amending their breach notification laws to include tighter restrictions.

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Spotlight

Informatic Technologies, Inc

We are a Woman Owned Minority National IT Solutions provider and a Systems Integrator, specializing in Digital Transformation solutions, Data Management/Analytics and GRC Solutions. We provide niche IT solution implementation, consulting and project based staff augmentation services.

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Fortinet prioritizes secure networking, universal SASE, and security operations to expand globally and innovate in cybersecurity. Secure networking is estimated to reach $86 billion by 2027 and universal SASE $36 billion, aligning with the strategic change. Focusing on cybersecurity growth strengthens Fortinet's commitment to customer value and innovation. Fortinet, a global leader in cybersecurity, is focusing its business strategy on high-growth markets, emphasizing secure networking, universal secure access service edge (SASE), and security operations. This shift will drive innovation and reinforce its commitment to customers. Fortinet is reorganizing its research & development (R&D) and go-to-market (GTM) strategies around the three markets mentioned. They will develop integrated and advanced products to cater to these areas. Fortinet operates globally, serving hyperscale customers and promoting cybersecurity technologies. The three core markets Fortinet is concentrating on are secure networking, universal SASE, and security operations. These markets are expected to experience substantial growth, and Fortinet has a competitive advantage in them. This strategy aims to expand Fortinet's global business and provide value to its customers. The company is aligning with areas of high demand in the cybersecurity sector. Its current collection of organically developed and integrated products and services enjoys a notable competitive edge in the aforementioned three crucial markets: The market for secure networking is anticipated to reach $86 billion by 2027, expanding at a rate of nearly nine percent per year. 5G gateways, network firewalls, secure switches, and access points comprise the majority of its composition. With the expansion of its firewall business, Fortinet anticipates a corresponding increase in revenue for its FortiGuard Security Services, which are propelled by artificial intelligence (AI). Secure networking remains an integral component of Fortinet's strategy, given that it dominates both firewall revenues and units shipped in its greatest addressable market. Also, by 2027, the universal SASE market is anticipated to reach $36 billion, representing an annual expansion of nearly 20%. The system integrates various cloud-native networking and security technologies, including SD-WAN, secure web gateway (SWG), cloud access security broker (CASB), data loss prevention (DLP), zero-trust network access (ZTNA), SASE, and others. Its purpose is to streamline the process of implementing a zero-trust strategy. All functions of the SASE solution developed by Fortinet can be executed either in an appliance or in the cloud. This capability is facilitated by a unified management console, networking and security layer, and operating system. Recently, Fortinet was positioned in the inaugural Gartner Magic Quadrant for Single-Vendor SASE in 2023. Lastly, the security operations market is anticipated to reach $78 billion by 2027, expanding at slightly more than 14% per year. Fortinet's SecOps platform is the most comprehensive, integrated, and broad in the industry, enabling organizations to gain control and insight into their distributed operations through security orchestration, endpoint detection and response (EDR), automation and response (SOAR), security information and event management (SIEM), network detection and response (NDR), and additional integrated enterprise-grade cybersecurity technologies. Complementing Fortinet's R&D expenditures are strategic realignments in its GTM investments, concentrating on security operations, universal SASE, and secure networking. With the assistance of marketing support and training, sales will be structured in accordance with these three strategic areas in order to increase market penetration and consumer engagement.

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