Businesses are Losing More Due to Data Breach
Data Security failures have become a common affair with organizations venturing into big data analytics. The leaders are approaching new security practices to debunk long-standing myths that compel organizations to rely on outdated and inefficient security measures. While the cloud offers unique opportunities to modernize the services and transform operations, and also comes with undeniable inherent risk.
Organizations use public cloud service providers (CSPs) without actually understanding the risks of several commercial, financial, technological, legal, and compliance issues. One of the significant threats in cloud security is a data breach that continues to grow along with the financial loss after being breached. Breaches can be simply because of lapses in security features resulting in poor data management.
According to the report “Cost of Data Breach Report 2021”, by IBM, the costliest country in a data breach was the U.S., with an average cost of $ 9.05 million, and healthcare was the most expensive industry with an average cost of $ 9.23 million. Hence, enterprises need a combination of highly secured cloud infrastructure, automated governance, remediation, and elastic solutions with 360-degree responsiveness. Enterprises must think of cloud vulnerabilities as virtual holes that could lead to serious challenges in the future.
Cloud Computing Vulnerabilities Businesses Should Prepare For
Although cloud promises more productivity to business processes, things can be perilous if enterprises overlook safety, resilience, and controls. This can expose sensitive data like clinical data, non-clinical data, personally identifiable information, and others. Hence, the following cloud computing vulnerabilities must be considered by the businesses:
The “AWS security group misconfiguration” is one such example of cloud misconfiguration where an attacker can exploit flaws in AWS group configuration to access cloud server resources.
In a survey done by IDC on 300 CISOs, cloud misconfiguration threat is the one of the top vulnerabilities. Hence, double-checking the cloud configuration and using specialized tools to inspect cloud storage security settings can help combat threats.
Leaders must watch:
Organizations need to measure the security gaps and implement their compliances rather than depending on third parties. Bringing shadow IT exposure to the cloud will relatively gain accurate picture activity and usage.
Conclusion:
Implementing “Policy as Code” Would Secure the Cloud Technologies
Cloud security is the function of infrastructural design, architecture, and the combined efforts of employees, and not just monitoring and intrusion detection. Data centers in the cloud possess the risk of network penetration and slow exfiltration of data, which becomes serious later because the damage has likely been done by the time companies detect it. So leaders must focus their attention on building, programming, and developing security while building applications from scratch.
Security infrastructure decisions must be taken care of by the security team each time the security-critical configurations are changed. Another way to do this is adopting “Policy as Code,” which will express security and compliance rules in a programming language which could be used by an application to ensure encrypted configuration.
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