The new normal has changed the way we work and more and more companies are opting for the hybrid working style thanks to the various virtual collaboration tools and facilitators at our disposal. After the pandemic, working virtually as a team has become so much easier; colleagues can meet online, collaborate on documents and spreadsheets without having to leave the comfort of their homes. This is all great, but have we ever thought about the security of the cloud system we use to collaborate on confidential and critical projects? Every advancement carries risk, but by harnessing the power of cloud computing, businesses have shown productivity and growth and become sustainable by saving on the bulky piles of paper that were byproducts of traditional work.
The global cloud computing market size is expected to reach approximately USD 1614.10 billion by 2030 and witness an impressive growth at CAGR of 17.43% from 2022 to 2030. Over the past 3 years, we have seen a vast shift in the use of traditional handwritten files towards electronics. documentation of almost everything. The timing of the cloud computing and pandemic era has synergized and accelerated the adoption of the cloud process, and today we are all so used to transferring our documents within seconds. For organizations that want to be relevant, competitive and growth-oriented, these companies are turning to technology and automation to gain an edge over their competitors and cloud computing has become their tool of choice, which is the one of their transition catalysts.
With some of the world’s biggest names in IT offering cloud-based services and their plug-ins, running confidential information and custom applications on the cloud poses a cybersecurity risk. If a company’s IT infrastructure is in an evolving phase, it needs to be protected against any cyber risk and these companies would need a strong cloud security management approach.
Cloud security is a set of procedures and technologies aimed at addressing external and internal security issues. As companies implement their digital transformation strategy and include cloud-based tools and services in their infrastructure, companies need to secure cloud access and security. Most cloud providers adhere to standard security policies and actively preserve the integrity of their servers by default, but when it comes to protecting data, applications, and workloads in the cloud, enterprises must make their own confidentiality arrangements.
The global cloud security software market is expected to reach approximately $37 billion by 2026, with Asia-Pacific being the fastest growing market. Organizations can ensure cloud security using a combination of the common methodologies below:
- Identify and assess cloud services:
As the digital ecosystem evolves, security risks have become more sophisticated. Therefore, you should spend time determining which cloud service is currently deployed in an organization or which cloud service is slated for deployment. Once this step is completed, try to measure the service rendered as needed analyzed, evaluate all the parameters of the security protocol and look for all possible vulnerabilities by studying various articles and articles published on the subject.
- Review and modify native privacy controls:
One must have full control over the privacy and security settings within each deployed application. It is up to your cloud security team to understand the levels of security customization available, the type of customization customization needed, and the permission levels granted to both admin and users. The ability to fully utilize customization of security settings and deploy them across all applications used within the organization, with the highest level of security is key to privacy controls.
- Encrypt your data:
With the growing number of software applications accessing data in different network and cloud environments, there are multiple interacting interfaces and these interfaces can pose a risk of data exposure and even exploitation. To proactively prevent data loss and be able to secure data, it is suggested to use data encryption and protect your network connections. An important must-have is an e-vigilance system that allows valid network traffic while blocking any suspicious traffic detected.
- Managing your devices:
The advantage of cloud services is that they allow companies to significantly reduce investments in physical infrastructure while allowing employees to access data and services through specific devices. While the benefits of cloud services are many, watch zones are the focal points where data leaves a system and this needs to be primarily controlled and monitored. IT departments need a method to manage and monitor devices in use and ensure that only authorized devices have access to data.
- Monitoring and Reporting:
When it comes to data traveling outward, no matter how efficient a system is, there will always be dangers. Whether the company has performed 100% due diligence on cloud cybersecurity settings and required permissions, or whether or not the system verifies a threat to cloud services, it is essential and critical to monitor the activities of the cloud and understand the details of reporting to better understand ways to further mitigate risk and control a risk-free operation.
Regardless of the fears and risks associated with the cloud or regardless of the size of your business, investing in IT resources trained to manage cloud security is a priority. Cloud infrastructure supports almost every aspect of modern IT across all industries and verticals, making businesses agile by implementing operations efficiently. It is important to have a good understanding of basic cybersecurity at an individual user level and to ensure that your network and all devices are protected using a robust security solution designed for the cloud. .
The article was written by Abhishek Agarwal, Chairman, Judge India & Global Delivery The Judge Group