Data BreachA data breach can cost a company all its years of reputation when its information goes into unsafe hands. Vast data hosted by Cloud Service Providers (CSPs) makes organizations vulnerable to data loss. While cloud providers are doing their part to address the challenge of data theft, it is also a business owner’s duty to adopt some security measures on his own. Solution: Multi-factor authentication and encryption can be useful in tackling one of the biggest security concerns.
Inadequate Identity and Access ManagementLack of secure data protection like automated rotation or cryptographic keys & certificates and usage of weak passwords, not to mention a lack of scalable identity and access management systems, can put data at great risk. Solution: Smartcards, OTPs and phone authentication are the best approaches to prevent data theft. The companies’ administration should emphasize usage of strong passwords and the other above-mentioned practices.
Insecure APIsAn application programming interface is crucial as it enables provisioning, maintaining and monitoring of cloud services. The interface must be designed as such that it should prevent any breach attempts, similar to the DevSecOps. Solution: The interface must be equipped with authentication, access control, encryption and activity monitoring to avoid any related security instances.
System VulnerabilitiesSystem vulnerabilities and exploitable bugs find their way into some Trojans. Through them, they make their way into system’s operability and functionality. Solution: To avoid such instances, it is always best to install security patches, upgrade vulnerability scanning, report system threats, and have them mandated.
Account or Service HijackingPhishing, fraud and exploitation of software vulnerabilities are the best examples of account or service hijacking. They provide a gateway to data theft and hamper cloud services and systems, resulting in reputation losses. Solution: Organizations should enforce strict security measures and keep employees educated on non-disclosure of login credentials and strong two-factor authentication techniques.
ConclusionWhile the list of threats is endless, we advise business owners to always be on their guard and implement healthy security practices from the organization’s side. Cloud providers are constantly upgrading their services, working with the best tools and employing best-in-class employees who will help them solve the security concerns of a booming cloud market. While they leave no stone unturned to deliver the best to varied businesses, it becomes an owner’s responsibility to ensure a similar ethic from their end. This way, cloud providers and business owners can work hand-in-hand to run a secure business empire.