The adoption of cloud computing has accelerated since the pandemic. This has significantly driven the cloud market. In fact, as per a 2021 report from Markets and Markets, the global cloud computing market is expected to surge from USD 445.3 billion in 2021 to USD 947.3 billion by 2026 at a compound annual growth rate (CAGR) of 16.3% during the forecast period.
Along with enabling businesses to streamline and succeed in their business operations, it also provides a lucrative opportunity for threat actors to concentrate their efforts on exploiting the common vulnerabilities within the cloud vulnerabilities. Therefore, it is critical for CISOs to ensure they take the respective measures to secure their cloud computing environment to protect their organization, customers as well as supply chain from cyber-attacks.
Here are a few common cloud computing threats CISOs Should be aware of:
Not configuring settings
Cloud computing is built on the fundamentals of delivering services at a rapid pace, including providing access to data that is often available and is not restricted. This provides an opportunity to threaten actors for unauthorized access. Therefore, while working with cloud vendors, organizations adopt what is known as the “shared responsibility model.” This assumes that it is the responsibility of the cloud provider to handle queries associated with security. But, mostly, the configuration responsibility is often of the organization. Meaning, that the IT of the organizations should review all the settings as well as permission to ensure fundamental security is covered. Moreover, cloud computing organizations should regularly check their cloud audits to determine and ensure that there is no suspicious activity associated with misconfigured settings.
Also Read: How Businesses Can Improve Their Fraud Program
Lack of visibility
One of the biggest perks of implementing cloud-based technologies is that customers do not have to manage the resources required to keep their servers working. But, handing off the responsibility to manage the day-to-day maintenance of a software platform can result in having less visibility and control over the asset. This can dramatically impact the ability of the organization to verify the efficacy of their security measures, enact incident response plans, and analyze information about their data, services, and users. Therefore, before implementing the cloud services of the vendor, it is crucial that organizations get detailed insights about what data they can access, how they can track it as well as the security controls the cloud providers have in place to prevent data breaches.
Not Providing Training to Employees
As per industry experts, most successful data breaches occur due to human error. Therefore, organizations need to educate their staff on best practices and security fundamentals in regard to the cloud. Since threat actors often utilize cloud-based services as the subject of their phishing emails, CISOs should help the staff to understand how they can identify these kinds of threats and understand other key risks that could harm the business.
Unsecured touchpoints can also result in data loss and vulnerabilities. Therefore, organizations should educate their staff to minimize these threats.
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