Data Loss and Theft
A few clicks and a couple of minutes are what you need to create a cloud account. As a result of the process’s simplicity, you may not even think about any drawbacks of this technology before signing up. One of the main concerns to keep in mind is the security of your sensitive information.
How is your information stored? And who can access it? While cloud computing services are easy and convenient to use, they also increase safety vulnerabilities.
In this digital era, cyber-attacks are becoming more and more common, making it vital for company owners to know where the data of their businesses is stored and who can gain access to it.
Hackers are always looking to access your data, which, if they manage, can significantly result in costly penalties and damage your reputation. In this article, I’ll explain four cloud security risks and provide tips you can focus on to prevent security issues within your company.
Most companies that use cloud computing services experience a data breach, which includes information loss, theft, and damage. A data breach can compromise the confidentiality, integrity, and availability of your information.
Insufficient credential management, insecure APIs, phishing, pretexting and straightforward registration systems are the main causes of data breaches. To mitigate this risk, you should:
- Implement DLP, data loss prevention
- Establish data access governance
- Use multi-factor authentication
- Implement data classification and recovery
- Enable user activity analytics
- Outsource breach detection
- Put in place company-wide cloud permission policies and usage
Misconfiguration of security settings is a major cause of cloud computing data breaches. The cloud security posture management approaches of most companies aren’t adequate for keeping their cloud-based infrastructure safe.
A number of factors lead to this, including a lack of complete control and visibility of infrastructure and easy data sharing. Since most companies don’t understand their cloud security infrastructure, it paves the way for easy misconfiguration, leading to data exposure.
Human errors, excessive permissions, maintaining stale and unused accounts, excessive sharing permissions, unchanged default settings, and disabling encryption are the common misconfiguration types. Best practices for misconfiguration include:
- Implement systematic conduct configuration auditing
- Regularly review all users and know who can access a certain type of data
- Establish baseline configurations
- Use non-stop change monitoring to identify any suspicious alteration
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Insider risks can be either intentional, like a resentful employee’s revenge, or accidental, such as an operator making a mistake. Company workers aren’t the only insiders. Partners, suppliers, and contractors can also gain access to information inappropriately and allow third parties to access or expose it.
Many businesses don’t have visibility into admin and user activity as well as application usage in their cloud computing systems. Compromised routers, service accounts, privilege abuse, and shared or privileged accounts are common insider threats. In order to mitigate insider risks, you need to
- Establish data classification and discovery technology
- De-provision access to data and other resources in case of personnel changes
- Monitor privileged users and implement user behavior analytics
Hackers use different techniques, including phishing emails, cross-site scripting, password cracking, and other tricks to steal or guess credentials in order to access employee accounts. Privileged accounts and subscription services are the most vulnerable.
To mitigate account hijacking risk, you should control third-party access, require stronger usernames and passwords, monitor user behavior, delete unused credentials and accounts, and implement access and identity control.
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It’s always important to create and put in place comprehensive cloud computing security strategies to prevent these risks. With appropriate tools, best practices, and lots of care, you can reduce your cloud computing security threats significantly.