Key Security Strategies to Mitigate Risks While Moving to Cloud

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Key Security Strategies to Mitigate Risks While Moving to Cloud-01

Millions of businesses worldwide flocked to video-conferencing solutions and are now heavily dependent on multiple cloud applications amid the global pandemic.

According to research by Gartner, the global public cloud services market rose 6.3% in 2020 to a total of $257.9 billion, up from $242.7 billion in 2019.

Cloud technologies are one of the powerful ways to transform business operations, boost productivity, and reduce costs. However, they require organizations to first spend time and money in understanding the effect they can have on performance as well as security in order to be successful. Here are some key security considerations while migrating to the cloud.

Also Read: Managing Shadow IT and Harnessing its Power for Achieving Business Goals

Understand User Profile

With more businesses integrating cloud technologies, it’s critical to understand user profiles. However, it is a great challenge to accumulate the data required to understand those profiles from a perspective of security modeling, especially because of the siloed nature of data management and usage in the cloud.

A few cloud companies are offering services that will help evaluate risk and security. However, in the end, guarding user data is the responsibility of the organization entrusted with it and not the public cloud service providers.

Set Explicit Boundaries for Cloud Services Usage

As cloud usage increases, the primary step is to mitigate risk by setting up basic ground rules for how various stakeholders must operate across the organization.

It is critical to set clear boundaries for cloud services usage and the crossover into remote work technology. Furthermore, businesses must set better security patch management practices and logging and reporting malicious activities at regular intervals.

Assess the Risk

First and foremost, it is crucial to identify the assets while choosing the appropriate cloud technology. Also, there are some questions businesses must have answers to, such as core workloads, accessibility, factors impacting the end-user experience, and which assets are business-critical.

Furthermore, organizations should also consider all the possible vulnerabilities and account for every risk involved. This will help implement robust policies to reduce risk or meet regulatory criteria.

Also Read: Effective Security Strategies for CISOs to Consider

Never Underestimate Utilization

With businesses rapidly migrating to the cloud, they often underestimate their cloud usage and also have poor provision for it, which can be an expensive budgeting error.

Performance issues can cause some outages, including inconsistent or subpar user experiences and website availability issues. And, all of these can produce losses that are extremely destructive for organizations. Hence, businesses should prepare themselves by having capacity and bandwidth ‘on tap’ and also flexibility in their payment models.

On-premise IT leasing models from established IT companies and cloud providers strive to address this requirement to produce more predictable cost structures with dynamic capacity and security for enterprises.

While the cloud is empowering businesses worldwide to streamline operations and expand the network edge, events over the past year have significantly expedited adoption. This acceleration has caused many companies to cut corners and not completely understand the impact of individual decisions.