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The Global Cloud Computing Market size is anticipated to reach around $1143.2 billion by 2024, according to a recent report.
Yes, cloud computing is buzzing a lot amongst businesses and is continuously transforming the way companies store, use and share data workloads. Undoubtedly, the adoption of cloud computing technology is drastically increasing, considering the demands of businesses.
It’s obvious that the cloud comes with a lot of benefits like flexibility, scalability, great performance and more. Whether your company has already moved towards the cloud, or if you’re still stuck whether making the shift is worth the risk, there are different security aspects to never ignore.
Needless to say, cloud security issues can simply put your sensitive data into the trap of cyberattacks leading to prolonged consequences.
Without much elaboration, in this article, we’ll walk you through the top security risks in cloud computing.
Getting to Know the Common Security Risks in Cloud Computing
With the immense benefits of the cloud, some things can go wrong when it comes to the security of your crucial data. So, knowing the potential threats before is always better. Here, we’ve listed the most common security risks in cloud computing.
#1 The Data Loss
First and foremost, one of the most common security risks in cloud computing is data loss. Data is of top importance as a business is totally dependent on it. What if your data gets suddenly lost? That takes you to a worrying state.
As, in case of data loss, the crucial data gets deleted, corrupted, or becomes a victim of an attack. Data stored on cloud servers can be lost through a natural disaster, malicious attacks, or a data wipe by the service provider.
Losing sensitive data is devastating to firms, especially if they have no recovery plan. Thus, backups are the saviors against data loss, and cloud storage is considered to its highly resilient due to the virtual environment.
#2 Dealing with Insecure APIs
An application programming interface (API), basically allows businesses to sync, and automate the data workflows between the cloud systems. In fact, users get to access and monitor their systems.
APIs even offer programmers the tools to integrate their programs with critical applications. Regardless of the opportunity that APIs offer, on the other hand, it increases the vulnerability of data.
The point is, an insecure API puts you into much risk and threatens the confidentiality and integrity of data. In this case, using the standard APIs works well and protects from all the vulnerabilities.
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#3 Lack of Visibility
One of the most vital cloud security concerns is the lack of visibility. When shifting your data from one source to another, you also transfer the responsibility of managing a part of it from your in-house team to the CSP (cloud service provider). Unless you know what you are doing, it can lead to a loss of visibility into your resources, leading to an increase in service usage and costs.
Thus, there is always a need to discuss the protocols upfront and guarantee optimum transparency of all the network operations, data and more during the transfer process.
#4 Compliance Issues
Every organization’s main role is to ensure the security of client data. Thus, to improve data privacy standards, governments have created some standards like GDPR, PCI DSS, or HIPPA.
And one of the ideal ways to meet all these standards is to just reduce the number of users who are trying to access data. As cloud infrastructure has been opted for by different users, so to keep your data super-secured, you should control access to it and also closely monitor those who are interacting with it.
#5 The Data Breaches
The data breach is the process wherein, all the confidential data is viewed, accessed, or hijacked by a third party user without any authorization. This ranks as the top cloud security risk.
Data breaches can take place in your cloud infrastructure and lead to leakage of the confidential data. Yes, and other sensitive information, like emails, and documents could affect your company’s reputation. No matter the exact reason for stealing confidential data, breaches impose a threat to companies using the cloud.
#6 Denial-of-Service (DoS) Attacks
Dos attacks cause an entire network or machine to completely crash down, making it inaccessible to users. Hackers tend to send continuous requests or flood them with traffic and crash it by overloading.
Having a downed network can cause revenue losses and damage a company’s authority and customer relations. Experts in cloud security must have in-depth knowledge of how to protect against and remediate DoS attacks.
IT organizations and companies must consider the security risks in the cloud and should implement the best practices to ensure the security of data. Also, you can make more proactive and well-informed judgments regarding your IT infrastructure if you carefully analyze what is at risk and how to overcome them.
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