List of Security Risks in Cloud Computing in 2023

By: Sean Cummings

January 9, 2023

List of Security Risks in Cloud Computing in 2023

It is crucial to be aware of the security risks in cloud computing because business owners of all sizes rely on o these platforms.

Cybercriminals are increasingly targeting enterprises that use the cloud to share resources and deliver software, with half of all corporate data now being stored there. As data becomes more accessible, widespread, and interconnected—many threats can reach it.

In spite of the many advantages of the cloud, businesses still face security concerns. Although it offers many advantages, data security risks do exist in cloud computing, which has been rapidly gaining popularity.

Understanding the consequences of letting these things happen inside your system is one of the major problems with assessing the security risks in cloud computing.

What is Cloud Computing?

The concept of cloud computing refers to a network of remote servers that are shared by multiple entities. Data is managed in the cloud instead of on local servers because it is hosted on the internet.

Network devices can access data anywhere via a shared space. While cloud computing has only been on the rise for about two decades, the concept isn’t new. Most businesses today have at least one application or part of their infrastructure in the cloud.

Cloud applications allow businesses to access software over the internet without investing in expensive hardware and software. Due to the nature of a remotely hosted server, this ability may pose a level of vulnerability to users, but they are not more vulnerable to cybercriminals, attacks, or security threats.

Is Cloud Computing Secure?

Security and maintenance reviews are conducted regularly and consistently by the vast majority of cloud service providers (CSPs).

Breach issues and risks in the cloud are shared responsibilities of service providers. As a result of this model, they are responsible for cloud security, and customers are responsible for the safety of their data. It is the customer’s responsibility to protect their information and files from threats and control access to it whether they use Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS).

Data security and regulatory compliance measures help ensure a strong level of data protection, but ultimately it is the responsibility of businesses to ensure their provider meets their specific requirements. In order for cloud services and systems to be secure, both providers and customers must maintain and protect them.

What are the Security Risks of Cloud Computing?

Cloud providers deploy sophisticated tools to ensure that both outsiders and insiders are prevented from accessing their systems. The network’s data security is a combination of policies, practices, and principles designed to protect information and data.

There is a great deal of risk associated when it comes to cloud computing security. In most cases, the problems stem from the data that users put in the cloud, whether it is a lack of visibility of data, an inability to control data, or theft of data.

The only thing you can do is manage risk and not completely eliminate it. You will be better prepared to handle common risks if you know them ahead of time. 

Data Privacy

Using the cloud to store information raises many concerns regarding data security and privacy. It is inevitable that the control over the end user’s privacy and security will pass to cloud service providers (CSPs) when confidential information is hosted on the cloud.

A cloud computing provider should be aware of certain security rules and regulations when sharing confidential information with an outside party.

DDoS Attacks

The threat of distributed Denial-of-Service (DDoS) attacks in cloud computing settings can be particularly dangerous due to the overloading of servers with fake requests.

When data is lost through DDoS attacks, attackers charge a substantial fee for regaining it. Business downtime and revenue losses can be caused by persistent disruptions.

Compliance Issues

In order to remain compliant with industry, geographic, and regulatory requirements, organizations need to maintain diligent compliance. Due to federal and state laws surrounding data privacy, some businesses are required to keep tight reins on the personal information they collect.

Businesses may find themselves out of compliance and fined if a cloud service suffers a breach leading to data exposure.

Limited Visibility

Part of the data that you shift from one source to another will also be managed by your cloud service provider, which will now fall under their responsibility—that was previously yours.

The result is an inability to see how network operations are performed, how resources and services are used, and how much they cost. Monitoring cloud security configurations require additional tools to ensure the organization’s cloud services are being used correctly.

Cybercriminals

Malware delivered via cloud-based applications accounted for more than half of all malware attacks in 2020. The use of cloud-based applications allows modern attackers to circumvent older security measures based on emails and websites. 

It is important for organizations to remain aware of the ever-evolving threat landscape as cybercriminals continue their savvy attack techniques.

Insecure Interfaces

A CSP often provides its customers with a number of application programming interfaces (APIs). Customers of CSPs can generally use these interfaces because they are well-documented.

When a customer’s cloud-based infrastructure interfaces are not properly secured, this can create potential problems.

Insider Threats

Generally, small and midsize businesses don’t expect to encounter this security risk, but it can certainly occur. The majority of insider incidents occur as a result of negligence or a lack of appropriate training rather than deliberately and maliciously harming the business.

Cloud-Based Infrastructure for Your Business

By analyzing the benefits of moving to the cloud from a strategic and operational perspective, you can determine whether this is the best choice for your business.

Estimate the results of switching to a cloud-based server based on a review of the pros and cons of your current setup. Laminar Consulting Service can help you smoothly transition into the cloud from legacy infrastructure.You can migrate seamlessly from inefficient legacy systems to cloud computing with our team of experts. Our cloud migration services can help you make the switch. Feel free to contact us at 888-531-9995 at Laminar Consulting Service today!

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