14 Nov 2018

Cloud Security: A Growing Concern Among Businesses

Network security concept

Network security conceptData security is always a concern for any enterprise. As the year ends, however, companies are expressing an unprecedented level of concern about their security solutions. In fact, cloud security is one of businesses’ top budget priorities for 2019. Why is this so?

The Ever-growing Market of Cloud Computing

Cloud computing is transforming the IT and business industries. The instant access, unlimited connectivity, and growth flexibility that cloud solutions promise appeals to businesses switching over to the cloud, states Cmitsolutions.com.

The perks have stimulated the adoption rate of cloud computing systems. And it shows no signs of faltering in the near future. More companies, and even governments, are implementing cloud-first and cloud-only policies.

The total cloud computing market, including all cloud categories like Software as a Service (SaaS), is expected to be worth $186.4 billion this year. By 2021, industry analysts predict its total market worth to surge to $302.5 billion. Moreover, analysts project the global government cloud market worth alone to grow at a 15.4 percent compounded annual rate. It’s expected to reach a total worth of $49.2 billion by 2023.

An Emphasis on Cloud Security

More companies are adopting cloud computing systems. Concerns over how to keep data secure follow hot on its heels. The increasing number of data theft incidents over the public cloud demonstrates just how crucial it is to put security measures in place quickly.

Fortunately, companies are well aware of the need to act quickly. Outgrowing security solutions and exposure to greater risks is a worry for 54 percent of companies.

Businesses need to conduct audits to figure out their vulnerabilities, moreover. Security threats that come from inside the company should not be taken lightly, too. Many instances of compromised security can be traced back to employee negligence.

Carelessness and poor password strength make systems more vulnerable to ransomware attacks. Properly training employees on security practices is an excellent way to secure data on the cloud.

Understanding Cloud Access Security Brokers

Cloud access security brokers (CASB) are another way for businesses to improve their cloud security. It’s particularly useful for businesses that use multiple cloud services.

CASBs are software that may be cloud-based or on-site. It’s placed between the infrastructure of cloud service consumers and their cloud providers. It implements security policies whenever the data on the cloud is accessed.

CASBs combine multiple kinds of security policy enforcement. These may include any of the following:

  • Authorization
  • Authentication
  • Single sign-on
  • Tokenization
  • Device proofing
  • Encryption
  • Malware detection and prevention
  • Credential mapping

The functions of a CASB fall into four categories — visibility, compliance, data security, and threat protection.

CASBs help businesses determine possible shadow IT cloud services. With it, companies gain better insight into their employees’ user activity within certain applications. CASBs can also identify sensitive data stored in the cloud. It applies data loss prevention solutions to ensure the data meets compliance requirements.

More than just implementing data security solutions, a CASB detects insider threats, privileged user threats, and compromised accounts. It then responds accordingly to protect cloud service users.

As technology evolves, CASBs and other cloud security solutions gain better capabilities, particularly in learning and adapting to situations. Incorporating artificial intelligence and machine learning into security solutions allow businesses to improve its response time. This, in turn, enables businesses to leverage the advantages of cloud computing services fully.

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