Top 10 Risks Involved in Opting for Cloud Computing

This digital era has everything on the web- offices, books, personal interactions and what not. The growing data comes with its challenges of storage. Here is where Cloud Computing appears. Cloud Computing market is growing leaps and bounds right from its inception. Companies have huge benefits of using cloud computing, as now they no longer need to maintain large server rooms for storing their data. It is cheaper, faster to market products, increasing the efficiency of employees, etc. and all you need is an internet connection for access. With its endless benefits, Cloud Computing poses serious risks too. 



Now almost all the companies have moved towards clouds and BYOC (Bring Your Own Cloud) movement where employees do not wait for their companies to provide the cloud and bring their own cloud to the office. Companies generally move to various cloud platforms rather than building their own. it has lead to companies going for CASB (Cloud Access Security Broker) adoption. Somehow it is not enough, and there are some severe threats involved with cloud computing.

1. Threat to Intellectual Property

Companies are storing almost all their data on clouds including sensitive information. On a server breach, cyber criminals may gain access to the valuable information about the latest products or technology an organization is developing and lead to huge losses.

2. Uncertain End User Actions

Employees who are using their personal clouds while working for the company can be keeping it in the dark with the uncertainty of end-user action. One of the most common insider threats today comes from these employees. They can use the sensitive data of the company against it by sharing it with a rival. BYOC has left the ends loose when it comes to data and information security.

3. Regulatory actions by the authorities upon Non-Compliance

There are different Government or Industrial regulations for information storage and distribution, under which most of the companies function. The companies should be aware where its data is stored, who all can access it and most important its security. BYOC defies all of the above requirements putting the company in a state of non-compliance inviting regulatory action from the authorities.

4. Data Breach

It is one of the most significant risks associated with Cloud Computing. If sensitive information of users or about the organization is exposed, it can lead to huge losses, pose serious threats for users and even result in the downfall of a company. Data encryption is vital today to survive these risks especially when virtual machines use this data.

5. Targetted attacks by Malware

Cloud-based services are vulnerable against Malware, as it is the used medium by hackers to breach any system. Recently Malware has attacked users by uploading encoded sensitive data files in the form of videos on various video streaming avenues like you tube. Cloud becomes an easy source for the cyber criminal for data extrusion.

6. Strong Authentication and management of identities

The authentication of users should be a multiplayer. Identity management is concerned with who all can access the data. OTP, fingerprints, mobile authentication, etc. are some of the ways to better the authentication.

7. Trust deficit in clients

If a company gets a tag of not being cyber safe, it is difficult for it to convince its users to trust them. No one can entrust a company with their valuable information without strong cyber security.

8. Security of APIs and Interfaces

APIs being the most comfortable mode of communication with cloud services also fall first in line in the risk of being hacked.

9. Misuse of Cloud Services

Free trial services offered by cloud services induce security risks. Also, use of substandard infrastructure and pirated software are one of the reasons leading to malware infections.

10. Loss of revenue

It is the ultimate result of all the above situations. Companies are there for revenue. Hence, they need to make Cloud Computing safe for its profitability

Author Bio - Shery williams is an employee at a top email service provider company in the day, and a technical writer at night. She is passionate about writing troubleshooting tips, beginner’s guides, news, and other articles on varied topics.She has written majorly on Comcast, Roadrunner and Verizon email support.

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