According to Cloud Security Alliance (CSA), over 70percent of theworld’s businesses now operates on the cloud because it offers benefits likelower fixed costs, higher flexibility, automatic software updates, increased collaboration,and the freedom to work from anywhere. Still, the cloud has many securityrelate issues.
Recently the Cloud Security Spotlight Report showed that 90percent of organizations are concernedabout public cloud security. These concerns include the possibility of hijackedaccounts, nasty insiders and full-scale data breaches. Although cloud serviceshave entered in a new age of transmitting and storing data, many companies arestill hesitant without a clear plan for security in place.It demonstrates the fact that cloud security still is a major concern, andmainly based on the following reasons:Data Breaches: Cloud computing and services are relatively new and withsensitive data being stored online rather than on premise, makes the cloud lesssafe. It has been found through various surveys that breaching of data is three times more likelyto occur for businesses that utilize the cloud than those that don’t.Hijacking of Accounts: Thegrowth and implementation of the cloud in many organizations has opened a wholenew set of issues in account hijacking. Attackers now have the ability touse your login information to remotely access sensitive data stored on thecloud.
Insider Threat: An attack from inside yourorganization may seem unlikely, but the insider threat does exist.Employees can use their authorized access to anorganization’s cloud-based services to misuse or access information such ascustomer accounts, financial forms, and other sensitive information. Malware Injection: Malware injections are codeembedded into cloud services. This means that nasty code can be injected intocloud services and viewed as part of the software.Abuse of Cloud Services: Cloud’s unprecedentedstorage capacity has allowed both hackers and authorized users to easily hostand spread malware, illegal software, and other digital properties.Insecure APIs: Application Programming Interfaces(API) give users the opportunity to customize their cloud experience, however,APIs can be a threat to cloud security because of the communication that takesplace between applications. While this can help programmers and businesses,they also leave exploitable security risks.Denial of Service Attacks: These attacks do notattempt to breach your security perimeter, but they attempt to make yourwebsite and servers unavailable to legitimate users.
Insufficient Due Diligence: This type of securitygap occurs when an organization does not have a clear plan for its goals,resources, and policies for the cloud. Insufficient monitoring can pose asecurity risks.Shared Vulnerabilities: Cloud security is a sharedresponsibility between the provider and the client, and it requires the clientto take preventative actions to protect their data and carelessness can resultin the data being breached.Data Loss: Data on cloud services can be lostthrough a cyber attack, natural disaster, or a data wipe by the serviceprovider.
Losing vital information can be damaging to businesses that don’thave a recovery plan. Securing your data means carefully reviewing yourprovider’s back up procedures.Security Concerns for Cloud-Based ServicesThe cloud has opened up a whole new frontier for storage, access,flexibility, and productivity. It’s also opened up a new world of securityconcerns.By being aware of these top 10 security concerns, you and your team canbuild a cloud security strategy to protect your business.