Security Risks of Cloud Computing

Security Risks of Cloud Computing

Many businesses and governments have adopted cloud computing. There are some businesses that remain skeptical about the security involved. So let’s dive into the security risks of cloud computing and how that compares to traditional on-premise IT.  

Security Risks, Threats, and Issues in Cloud Computing

Learn about the security risks of cloud computing. Cloud computing is where you house your data, applications, and resources on the internet. The top security risks of cloud computing are identity theft, malware infections, data breaches, revenue loss, and losing customer trust. 

 These are valid concerns. However, when you are aware of the potential risks, you can work with a provider to ensure cloud computing is implemented correctly. A cloud service provider has a proactive approach to security for detecting threats before they become issues. While there are concerns, a proactive expert approach focusing on all aspects of security can minimize them. 

Giving Control to Cloud Providers

When you move your data to a cloud storage service, you give some control to your cloud service provider. On one hand, this may feel risky. When you don’t choose quality cloud-based file-sharing services, you may be concerned about hackers. 

 Letting go of some IT control also means you have more time to spend on other areas of business. Any business owner knows, part of growing is allowing more control and processes to be in the hands of other people. You just have to be selective with who those people are. 

Cloud Security Threats Leading to Revenue Loss

With a cloud-based storage system, you have a large amount of data stored through an internet connection. The internet is open to risks of cyber attacks, malware infections, and breaches with clients. Some attackers send sudden large amounts of traffic to a web-based application that crashes the server. 

 A data breach results in a loss of customers when they no longer believe their data is secure with a company. An attack can result in stolen customer credit and debit card information. Your company is likely required to send a notification to customers if they could be potential victims. If you don’t do this you may be subject to fines or even lawsuits from the victims. 

 Building a trustworthy reputation back up after a security breach is a long process. As soon as a store is made known for losing customer data, people will go out of their way to avoid shopping there. 

Issues with Governing Access

You need to stay compliant with legislation on data protection. Your company will need to stay strict and follow the rules you’ve created for who can access the information and what it can be used for. Cloud computing allows easy access to company information on a very large scale. A common concern is that it will be difficult to keep track of who has access to what information. Cloud access security is an essential part of any cloud computing security strategy. 

Breaches in Business Contracts 

You may have contracts between customers or business partners that restrict how data is used or who may have access to it. When employees move this information into cloud-based systems without permission, this could violate a business agreement. This could lead to legal action. 

 It’s important to read through all contracts and confidentiality agreements made with business partners as well as a contract with your cloud service provider to make sure that this is not a risk you are taking.  

Do the Benefits Outweigh the Cloud Security Risks?

People move to the cloud because it can make company processes a lot smoother. When employees have the information they need, you have an effective workflow that creates an increase in revenue. 

 The more essential information that is accessible, the more educated decisions employees can make. Communication and sharing information is made easier across teams. With a cloud server, you also have data backup solutions that are not available with traditional storage solutions. 

Flexible Experience for Cloud Users

When your team has access to resources, applications, and data from anywhere with an internet connection you decrease downtime. Employees don’t need to stop working when they can’t make it into the office. They have all their cloud resources at their home office.  

 Network requirements are flexible with cloud computing. This gives you a cloud infrastructure that will continue to serve you as your company expands. 

Reduced Risk of Data Loss

When you are able to replicate data across different data centers, you will have backup copies if a disaster strikes. This makes recovering from disaster less stressful and time-consuming. 

Trusted Experts for Your Security Plan

Cloud service providers bring a level of expertise to a data security operation that your business has likely never experienced before. Traditional storage and data sharing solutions cannot integrate the same backup strategies and disaster prevention that cloud computing can. When you're using correct cloud security measures you minimize cloud security threats.

Cloud computing is a great option for a company that will use it wisely. Cloud service critics are not accessing the expert knowledge and services needed to create secure cloud center environments.  

iTernal Networks has years of experience providing cloud computing services to businesses of all sizes. We get the details right and create cloud platforms and solutions that take care to minimize these risks. A security assessment done by one of our professionals will point out any weak cloud security in your cloud server environment. 

 We provide a phenomenal cloud service experience so that you are always supported and know exactly what is going on with your IT. We proactively monitor your essential systems minimizing any interruptions in your company workflow. If you are going to adopt cloud computing for your company processes and storage solutions, we can make sure you do it right.