In 2005, if I asked you to tell me about the “cloud,” I imagine you might look up at the sky. Only 15 years later, if I asked you about the “cloud,” I have a hunch you’d tell me about virtual storage and applications that don’t require a physical server. This is an incredible technological leap. Alongside this leap is an incredible need to secure the cloud. Take a look:
Simply put, the cloud is an innovative and powerful tool for transferring data and hosting applications virtually. Cloud technologies gained attention in 2006 when Amazon Web Services introduced their cloud storage service called S3, still a big player on the market today. Since then, cloud computing has completely changed the way we work and store our data.
Every minute, millions of people around the world transfer their documents and files in the cloud. With so much sensitive data, it is also important to recognize that there are security threats associated with cloud computing that must be addressed. The most important of which are:
In 2019, for example, a Federal agency exposed the bank account information of 2.5 million hurricane survivor victims because an employee accidentally shared too much information in the cloud without correct permissions. These threats may cause severe operational and business disruptions and damage your company’s reputation. They may lead to leaks of sensitive data and loss of intellectual property. And they may sow mistrust among customers and employees stemming from data breach.
The bottom line is it is crucial to secure your cloud and promote cloud security awareness so people know how to handle it safely.
According to LogicMonitor’s The Future of the Cloud Study, 66% of IT professionals say security is their most significant concern in adopting an enterprise cloud computing strategy.
When you add another study, this time by the Ponemon Institute, pointing out that the average cost of a data breach equals $3.92 million, it is no wonder cloud security is a crucial topic to tackle. Luckily, there are simple measures you can introduce to make your cloud secure straight away.
Not securing the cloud is like leaving the doors of your fancy new apartment wide open.
Don’t wait for an attack to happen. Take measures now and enjoy the cloud no matter the weather!