Augustine Doe, VP, Enterprise Risk Management, Network Health
Organizations continue to migrate dataone of their key assetsto the cloud for a variety of reasons: optimizing capacity, providing 24/7, 365-day access to data, backing up essential information, and improving collaboration between users. While such increased reliance on the cloud speaks to the multiple benefits the cloud provides, it also is forcing organizations to confront the various risks cloud computing poses. This article summarizes three practical considerations for any organization looking to reduce risk in cloud computing.
Inbound to the cloud: Encrypted or secured data passage to the cloud always reduces the risk of third-parties being able to intercept the data. This is particularly important for data likely to be used by bad actors for nefarious purposes. Payment Card Information (PCI), Protected Health Insurance (PHI), Personally Identifiable Information (PII), and Non-card Financial, and Confidential are among the most desirable kinds of data to bad actors.
At rest in the cloud: Reviewing the fine print in each cloud agreement regarding the type of security provided by the cloud owner when data is at rest goes a long way to enhancing an organizations overall cyber posture. Most fee-free cloud storage agreements provide little of any data protection, so an organization needs to perform its due diligence on the type of protection provided by the cloud provider in each cloud agreement.
Encrypted or secured data passage to the cloud always reduces the risk of third-parties being able to intercept the data
For instance, depending on the type of data and the location where it will be stored, the level of data security would need to comply with a specific minimum level as required by state, federal, and international laws. The organization should know what level of security their data must have to be compliant with any applicable laws.
Outbound data to users: An organizations data protection efforts come to naught if data leaving the cloud destined for users do not receive appropriate protection. As part of the organizations practices for managing third parties (e.g., vendors, reporting agencies, regulators, joint venture partners, franchisees, etc.), users of data should be constantly reviewed for sound data security practices, such as Service Organization Controls (SOC 1 and 2). Also, the organization needs to stay on top of its access, security, and change management protocols and controls and constantly educate employees and third parties about the importance of sharing each type of data through the appropriate medium.
Data containing PCI appears to be the data most desired by bad actors. According to Verizons 2016 Data Breach Report, 27 percent of 53,100 PCI records (using the median value of records for each type of data observed) experienced breach incidents compared to 11 percent of 1,000 PHI records; 48 percent of 761 PII records; and percent of 55 Non-card Financial records. Because PCI data is most desired, its movement in and out of the cloud should be afforded a higher level of protection, e.g., encryption, as part of any organizations overall data security management.
Bad actors are constantly exploring potential weak links to find easy ways to penetrate an organizations data value chain. The cloud should not be considered a shield nor does it by default make data more secure. Data on its way to the cloud, at rest in the cloud, and leaving the cloud should continue to be managed by the organizations appropriate security, change, and access management protocols and controls in real time. To assist organizations in performing real-time management, a variety of security firms provide year-round, 24/7 enforcement of security, change, and access management protocols and controls.
Cloud computing has become a staple of many organizations operations and several factors suggest both volume and demand will increase. First, the amount of data that organizations must analyze to make sound business decisions continues to grow and therefore organizations need to optimize capacity both to store and analyze data. Second, the ongoing maturation of the service sector in the U.S. economy means businesses need 24/7 access to data to remain competitive. Third, as bad actors become more and more sophisticated, organizations need to stay extra vigilant not only in protecting data but in having an avenue to recover data and to remediate in the event of corrupted data. Data backup is an excellent fallback position to deploy in the event of corrupted data. Finally, the increasing complexity and interconnectedness of business continues to push organizations to collaborate more with each other and the cloud provides a great avenue for this collaboration.
The optimal approach to managing risk in cloud computing is for an organization to clearly understand the security afforded its entire data value chain, the types of data that are most susceptible to loss or misuse, and for the organization to continue to enforce security, change, and access management protocols and controls in real time. Only when these steps are taken can an organization feel that it has a robust front for managing and protecting one of its most critical assets.
Read this article:
Three Considerations for Reducing Risk in Cloud Computing - CIOReview
- Roundup Of Cloud Computing Forecasts, 2017 - Forbes - May 3rd, 2017 [May 3rd, 2017]
- RCom arm in tie-up for cloud computing - Moneycontrol.com - May 3rd, 2017 [May 3rd, 2017]
- How Do You Define Cloud Computing? - Data Center Knowledge - May 3rd, 2017 [May 3rd, 2017]
- 5 Cloud Computing Stocks to Buy - TheStreet.com - May 3rd, 2017 [May 3rd, 2017]
- Cloud Computing Continues to Influence HPC - insideHPC - May 3rd, 2017 [May 3rd, 2017]
- Red Hat's New Products Centered Around Cloud Computing, Containers - Virtualization Review - May 3rd, 2017 [May 3rd, 2017]
- Adobe bets big on cloud computing for marketing, creative professionals - Livemint - May 3rd, 2017 [May 3rd, 2017]
- Verizon sells cloud services to IBM in 'unique cooperation between ... - Cloud Tech - May 3rd, 2017 [May 3rd, 2017]
- How Cloud Computing Is Turning the Tide on Heart Attacks - Fortune - May 3rd, 2017 [May 3rd, 2017]
- Hospital CIOs see benefits of healthcare cloud computing - TechTarget - May 3rd, 2017 [May 3rd, 2017]
- Trends In Cloud Computing - Business Solutions Magazine - June 6th, 2017 [June 6th, 2017]
- A deeper dive into cloud security as a service: Advantages and issues - Cloud Tech - June 6th, 2017 [June 6th, 2017]
- OpenText buys cloud computing firm for US$103 million - TheRecord.com - June 6th, 2017 [June 6th, 2017]
- Belfast IT firm celebrates cloud computing success in 57 countries ... - Belfast Telegraph - June 6th, 2017 [June 6th, 2017]
- Meet The Cloud Wars Top 10: The World's Most-Powerful Cloud-Computing Vendors - Forbes - June 6th, 2017 [June 6th, 2017]
- How to approach cloud computing and cyber security in 2017 - Information Age - June 6th, 2017 [June 6th, 2017]
- CFOs have discovered the big stick of cloud computing - InfoWorld - June 6th, 2017 [June 6th, 2017]
- Belmont Stakes Odds 2017: Latest Vegas Betting Lines Before Post Positions Draw - Bleacher Report - June 7th, 2017 [June 7th, 2017]
- Cloudistics Announces New Cloud Computing Program That Enables High Margin Reoccurring Revenue Models for ... - Marketwired (press release) - June 7th, 2017 [June 7th, 2017]
- CloudCheckr, cloud computing company expects rapid growth in Rochester - WXXI News - June 7th, 2017 [June 7th, 2017]
- IBM Losing Facebook's WhatsApp as Cloud Customer, says CNBC - Barron's - June 7th, 2017 [June 7th, 2017]
- What My Father Taught Me About Cloud Computing - Virtualization Review - June 7th, 2017 [June 7th, 2017]
- Workday Phenomenon Goes Global As Cloud Computing Goes Mainstream - Forbes - June 7th, 2017 [June 7th, 2017]
- New Cloud Computing and IT Outsourcing Requirements in the Financial Sector - JD Supra (press release) - June 9th, 2017 [June 9th, 2017]
- 3 Things You Should Know About Cloud Computing Right Now - Fortune - June 9th, 2017 [June 9th, 2017]
- Learning in the Sky: Collaborative Robots Embrace Cloud Computing - Machine Design - June 9th, 2017 [June 9th, 2017]
- Best Practices To Manage Your Hybrid Cloud - Forbes - June 9th, 2017 [June 9th, 2017]
- Here's how venture capitalists are thinking about cloud computing companies and technologies - GeekWire - June 9th, 2017 [June 9th, 2017]
- Amazon is helping veterans find jobs in cloud computing - Marketplace - Marketplace.org - June 9th, 2017 [June 9th, 2017]
- New Cloud Computing and IT Outsourcing Requirements in the Financial Sector - Lexology (registration) - June 9th, 2017 [June 9th, 2017]
- Growing Patent Claim Risks in Cloud Computing - Lexology (registration) - June 9th, 2017 [June 9th, 2017]
- The benefits of cloud computing, Rust 1.18, and intelligent tracking prevention in WebKit SD Times news digest ... - SDTimes.com - June 9th, 2017 [June 9th, 2017]
- Edge Computing Is New Cloud Computing Tech Investors Should Track - GuruFocus.com - June 9th, 2017 [June 9th, 2017]
- Real Estate Weekly: Digital Realty Becomes A Cloud Computing Giant - Seeking Alpha - June 9th, 2017 [June 9th, 2017]
- Virtualization admin? Pivot -- pivot now -- to a cloud computing career - TechTarget - June 10th, 2017 [June 10th, 2017]
- Why isn't Cloud Computing in the 2017 Belmont Stakes? - FanSided - June 11th, 2017 [June 11th, 2017]
- Cloud Computing Companies Move Into Medical Diagnosis (GOOG, IBM) - Investopedia - June 11th, 2017 [June 11th, 2017]
- China's cloud industry moving to new era with emergence of unicorns - TechNode (blog) - June 12th, 2017 [June 12th, 2017]
- Terry Crews Is On Crackdown 3 Trailer, No Cloud Computing For Single Player - EconoTimes - June 12th, 2017 [June 12th, 2017]
- The Risks and Perquisites of Cloud Computing - DATAQUEST - June 12th, 2017 [June 12th, 2017]
- Alibaba Cloud announces launch of data centres in India and Indonesia - Cloud Tech - June 12th, 2017 [June 12th, 2017]
- Indonesia banks have yet to implement cloud computing - Jakarta Post - June 13th, 2017 [June 13th, 2017]
- 'Sweden is heaven for cloud computing': Amazon Nordic chief - The ... - The Local Sweden - June 14th, 2017 [June 14th, 2017]
- Amazon.com to open second government cloud-computing region ... - The Seattle Times - June 14th, 2017 [June 14th, 2017]
- Shadow raises $57 million for its cloud computing service for ... - TechCrunch - June 14th, 2017 [June 14th, 2017]
- Amazon Still Leads Cloud Rankings, But Competition Is Coming On Strong - Fortune - June 16th, 2017 [June 16th, 2017]
- Alibaba to enter European cloud computing market in mid-2017 | Air ... - Air Cargo World (registration) - June 17th, 2017 [June 17th, 2017]
- Alibaba to enter European cloud computing market in mid-2017 - Air Cargo World (registration) - June 17th, 2017 [June 17th, 2017]
- Pressing Tech Issue: Enterprise Software Vs. Cloud Computing? - Credit Union Times - June 17th, 2017 [June 17th, 2017]
- 7 Tips for Securely Moving Data to the Cloud - Government Technology (blog) - June 20th, 2017 [June 20th, 2017]
- Chinese tech giant Alibaba joins key open-source cloud computing foundation - GeekWire - June 20th, 2017 [June 20th, 2017]
- Microsoft Could Surpass Amazon in Cloud Computing This Year (AMZN, MSFT) - Investopedia - June 20th, 2017 [June 20th, 2017]
- GDS Holdings Limited (GDS) Announces Strategic Partnership with Tencent Cloud - StreetInsider.com - June 20th, 2017 [June 20th, 2017]
- Cloud first - Philippine Star - June 20th, 2017 [June 20th, 2017]
- Cloud Computing and Digital Divide 2.0 - CircleID - CircleID - June 21st, 2017 [June 21st, 2017]
- Microsoft will ride artificial intelligence, cloud computing to higher ... - CNBC - June 21st, 2017 [June 21st, 2017]
- Cloud-Computing Business Lifts Oracle's Profit -- Update - Fox Business - June 21st, 2017 [June 21st, 2017]
- Report affirms continued cloud spend for US businesses in 2017 - Cloud Tech - June 22nd, 2017 [June 22nd, 2017]
- Catching up with an interconnected federal cloud - GCN.com - June 22nd, 2017 [June 22nd, 2017]
- Cloud-Computing Business Lifts Oracle's Profit -- 2nd Update - Fox Business - June 22nd, 2017 [June 22nd, 2017]
- Cisco adapts to the rise of cloud computing - The Economist - June 22nd, 2017 [June 22nd, 2017]
- Amazon accuses Walmart of bullying in cloud computing clash - BBC News - June 22nd, 2017 [June 22nd, 2017]
- Companies plan to spend more on cloud computing services this year, higher prices among drivers: Clutch - Canadian Underwriter - June 23rd, 2017 [June 23rd, 2017]
- Survey: businesses ramp up spending on cloud computing DC ... - DC Velocity - June 24th, 2017 [June 24th, 2017]
- Morgan Stanley: Cloud computing is at 'an inflection point' but how big will it get? - GeekWire - June 26th, 2017 [June 26th, 2017]
- How the cloud has changed education and training - TNW - June 26th, 2017 [June 26th, 2017]
- Cloud computing key to 4th industrial revolution - News VietNamNet - VietNamNet Bridge - June 26th, 2017 [June 26th, 2017]
- Lady Eli, Cloud Computing Among Workers for Brown - BloodHorse.com (press release) (registration) (blog) - June 26th, 2017 [June 26th, 2017]
- Microsoft signs cloud-computing partnership with Box - The Seattle Times - June 27th, 2017 [June 27th, 2017]
- Microsoft Signs Cloud Computing Partnership with Box - CIO Today - June 30th, 2017 [June 30th, 2017]
- US action on Microsoft email case could devastate cloud computing - Irish Times - June 30th, 2017 [June 30th, 2017]
- Cloud computing challenges today: Planning, process and people - TechTarget - July 2nd, 2017 [July 2nd, 2017]
- Five podcasts to catch up on the latest trends in cloud computing - TechTarget - July 2nd, 2017 [July 2nd, 2017]
- Microsoft reportedly set to lay off thousands as part of massive sales reorganization - GeekWire - July 3rd, 2017 [July 3rd, 2017]
- VMware to surge more than 20 percent because the Amazon cloud ... - CNBC - August 25th, 2017 [August 25th, 2017]
- Google Unveils Custom Hardware Chip for Cloud - Investopedia - August 25th, 2017 [August 25th, 2017]
- Cloud Computing Confirmed for Travers | TDN | Thoroughbred Daily ... - Thoroughbred Daily News - August 25th, 2017 [August 25th, 2017]
- Why 2017 Is The Year To Understand Cloud Computing - Nasdaq - August 25th, 2017 [August 25th, 2017]
- Biz Cloud Computing - Four States Homepage - August 25th, 2017 [August 25th, 2017]
- The Benefits of Multi-Cloud Computing Architectures for MSPs - MSPmentor - August 25th, 2017 [August 25th, 2017]