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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Manage Cloud Security Risks With Ease

manage cloud security risks

Manage Cloud Security Risks With Ease

Everyone seems to want to take advantage of cloud computing these days, but few people actually take the time to think about the risks that come along with this kind of service. To manage cloud security risks, you have to know which risks in the cloud actually pose a threat to your business. Different types of clouds will come with different problems, so you need to learn about your cloud service to be able to realize what could go wrong if you are not careful at all times.

Cloud Vulnerabilities

To manage cloud vulnerabilities, you must first think about the advantages of the cloud and weigh them against the possible pitfalls. Increased savings in time and money are the obvious advantages of the cloud, but these perks go out the window if you face an intrusion or data loss. When you lose all of the data associated with your business, it makes it easier for your business to realize just how dangerous the cloud can be when it is not properly secured. The question you need to ask yourself when it comes to cloud management is whether or not you will be able to control the cloud on your own while keeping all of your data in safe hands.

Manage Security Risks

The main reason that you should try to manage cloud problems on your own is that you cannot count on a third-party service to handle your needs around the clock. You need to have your own IT team to handle the cloud and make sure that it is on your own server that no one can access without going through an authentication process. Although services such as Dropbox require you to login to their cloud service, it is usually a better idea to have two different forms of authentication when someone needs to access the cloud.

It seems that everyone has to store data on external servers these days if they want to be able to keep up with the competition in their industry. The way that you are able to manage cloud servers is going to determine whether or not this business decision turns out to be a positive one in the long run. Cloud computing is definitely going to stick around for the future, but the security risks that come with it need to be managed for it to be effective for any kind of business that uses it on a regular basis.

By Kyle Torpey

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