Principles of an Effective Cybersecurity Strategy

According to MetricStream’s, ‘The State of Cyber Security in the Financial Services Industry’ report, around 66 percent of financial services institutions have faced at least one cyber-attack in the last 12 months. The cost of this can even result in a complete shutdown of the business."

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Why You Should Entrust Your Software Applications And Data To The Clouds

Why You Should Entrust Your Software Applications And Data To The Clouds

There are limitless possibilities in cloud computing. The system runs every software applications an ordinary computer can execute, from general word processing applications to custom-made software application. More often than not, an entity trusts its software and data to run in the clouds because cloud computing offers accessibility 24/7. A customer can access his data and application anytime and anywhere provided there is strong internet connection. Data and software is not stored in a particular computer. In fact, it is not even found within the company’s network.

Business owners rely on cloud computing services because of its promise to bring costs of hardware down. They do not have to purchase advanced hardware because it is being taken care of by the cloud provider. In order for their employees to access the company’s applications and data, these business owners only to need to furnish them with inexpensive computer. There is even no need for a large capacity hard disk to be installed in the computer because everything is in the cloud system.

Entrepreneurs need not buy software in order for their businesses to achieve their goals because the software is provided by the cloud provider. Access to the business applications is given to authorized employees. There is even no need to buy software license per user. Use of software applications in the cloud is usually metered and subscription based.

With the cloud system, businesses do not need to rent more office space for storage devices and servers because the data and the servers are located offsite. Most cloud computing vendors let their clients decide on whether to house their data offsite or on-premise. When customers house their data offsite, less physical office space is needed. Because servers and data storage are no longer housed on-premise, companies have less need for IT support. Problems with regard to servers, software, and data storage are delegated to the cloud system suppliers thus companies save money when there is no more need to employ a lot of IT personnel.

When grid computing is used as backend by the cloud system, the processing power of the network is very robust. Researchers and scientists who need to do complex computations can send their calculation processing to the cloud. Because of the powerful backend, the calculation process is hastened.

However, cloud computing does have its concerns: privacy and security. A lot of business owners do worry about relying on cloud computing for their software and data storage needs. They hesitate to relinquish control because they fear their business information is not safe in the clouds. A lot of vendors, however, counter this by claiming that their reputation speaks for the kind of service they provide. Reputable suppliers do maintain trustworthy security measures in order to protect their clients’ data. A lot of them use advanced and expensive techniques in order to ensure the security of their customers’ information.

Privacy is also another issue business owners raise with cloud computing. These people fear that their privacy can be compromised if they access their applications and data offsite. However, cloud computing providers are quick to counter this by providing secure authentication techniques.

By Florence de Borja