In the wake of the pandemic, cloud computing became a significant trend. The cloud has become the place for businesses to move their mission-critical workload. Moving to the cloud without considering security can lead to adverse security events.
According to a report from Security Magazine, 63% of IT professionals surveyed consider cyber threats the top hurdle to implementing a cloud strategy. To design an appropriate security strategy, enterprises must understand cloud vulnerabilities.
Data breaches are one of the cloud’s significant benefits because it makes data accessible at all times, so it shouldn’t be overlooked when strengthening the security architecture: Cloud enables instant collaboration by allowing sharing of data at any time. The cloud, however, is also one of the downsides as it makes sharing data with other members of the team and external vendors too easy.
Likewise, as enterprises move their data to cloud storage, they have trouble maintaining regular data backups, as backing up such a large amount of data can be time-consuming and costly. Data breaches and leaks of confidential information are expected outcomes of these factors.
APIs (application programming interfaces) are a fundamental building block of cloud computing and allow the software to interact with one another. Businesses rarely secure APIs. A developer’s API with inadequate authentication can expose corporate data to unauthorized access, thus opening security holes.
In computing, cloud malware is a malicious service or code used to attack cloud-based systems. Malware is often thought of as not an issue in the cloud by security teams. Gartner estimates that APIs will soon become the target of the most targeted cyberattacks, particularly after implementing an endpoint security solution.
Nevertheless, malware poses a real threat in the cloud, and security teams must be able to detect it across multiple layers of protection. In the cloud, malware can take the form of DoS attacks, hyperjackings, and hypervisor infections.
Lack Of Identity And Access Management Solutions
Cloud computing offers easy access to data. It can, however, quickly become a liability. It can spread rapidly after invading a company’s IT entry points and lead to even more severe problems. Multiple identity and access management crises result when the data is easily accessible. Implementing advanced identity and access management solutions is recommended to ensure employees only access data essential for their jobs.
Misconfigurations in the cloud have always been one of the major threats businesses face when operating in a cloud environment. Over the last few years, cloud usage has increased rapidly, leading to an increase in misconfigurations. This misconfiguration makes cloud-based data easy to access for threat actors. Misusing a cloud-based system leaves a company vulnerable to hackers.
In addition to DDoS attacks, ransomware, malware, and digital skimming, they can launch a number of other cyber-attacks as well. However, businesses can take steps to secure their cloud-based assets to avoid misconfiguration breaches by encrypting cloud-based data, securing entry points with identity and access management solutions, and performing periodic security audits.
A vital step to preventing data breaches in a cloud-based environment is understanding the most significant threats to the environment. Businesses need to understand cyber-attacks better and develop the correct responses to prevent them from taking advantage of the benefits of operating in a safe and seamless cloud environment.
When choosing a cloud vendor, enquire about the performance assurances they can make for computing, storage, and networks, as well as their plan of action in the event of an emergency. Include this information in the service level agreement (SLA). Employing strategies like 2-factor authentication, eliminating shared accounts, and having a well-defined shared responsibility model can go a long way in mitigating the risks on the cloud.