Wednesday, May 17, 2017

Is Your Data Secure in the Cloud?

Your cloud-based data is exposed to multiple security risks, from Crime-as-a-Service to weak authentication protocols. Here’s how you can address them.

In 2007, security guru Kevin Beaver predicted that “information security-related vulnerabilities aren't going away, and preventative technologies are only going to help so much.” This prediction still holds true a decade later, and likely will for a decade more.

As today’s IoT era organizations face immense pressure to adopt a Cloud-First strategy, their migration to the cloud carries significant risks, with threats ranging from bad actors to data loss, and a lot more. Here are some of them:

Syndicates leveraging Crime-as-a-Service

Nowadays, criminal syndicates have successfully developed partnerships and collaborate just like other organizations. Crime has become a service offering, according to Steve Durbin, Managing Director of Information Security Forum (ISF). Syndicates can successfully focus on various cybercrime areas, from writing malware to hosting services, testing, money mule services, among others. “They're interested in anything that can be monetized. It doesn't matter whether it's intellectual property or personal details,” says Durbin. “If there is a market, they will go out and collect that information.”

This Crime-as-a-Service scheme can be mitigated by enabling auditable data visibility. Improved data agility backed up by audit-friendly mechanisms provides detailed visibility and traceability into who, when, and where data has been touched, whether it was on-premise, in-transit, or at rest in the cloud.

Permanent data loss

In 2016, the Identity Theft Resource Center (ITRC), a non-profit organization, revealed that there were 980 reported breaches as of December 13, 2016—a record-breaking number of incidents since 2005. Malicious hackers can permanently delete data stored in the cloud and cause serious harm to businesses.

To avoid this risk, companies should distribute data across multiple zones in the cloud, establish adequate data backups, and conduct backup activities daily. However, current market solutions and vendors often fall short on delivering this promise. In order to prevent data loss, organizations should ensure the integrity, veracity, and security of vaulted data. Doing so requires end-to-end encryption and both retention and WORM locks to prevent tampering, along with detailed audit trails that capture policy changes made even by administrators.

Weak authentication and compromised credentials

Weak authentication, easy-to-guess passwords, and poor key and certificate management leave organizations vulnerable to hackers. This creates a loophole in Identity Management, with organizations struggling to assign the appropriate permissions and access to all job roles.

Preventing unauthorized access via compromised credentials and fragile authentication processes requires mature methodologies, with integrity checks running in a tightly controlled environment separate from live/active data to ensure that verification services remain uncompromised and authoritative.

A Platform to Secure All Your Data

As companies accelerate to the cloud to drive greater agility and flexibility, CISOs need to manage the risks that accompany this new business paradigm. An effective cloud strategy needs to have an integrated data security management component to enable companies to operate effectively despite the risks inherent in the cloud first era.

CloudLanes offers the industry’s first Cloud Data Platform, which enables companies to fully leverage the agility, flexibility, and economics of the cloud while ensuring the security and integrity of their critical data assets at every step. To learn more about the CloudLanes Cloud Data Platform, visit our website or contact us for a free demo.


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