Top listed Threats & Risks to Cloud Services and how to avoid them?

Top listed Threats & Risks to Cloud Services and how to avoid them

Many businesses have already shifted their workloads to the cloud in an effort to increase efficiency and streamline workloads. According to the Flexera 2021 State of the Cloud Report, roughly 90% of enterprises anticipate cloud usage will expand even further as a result of COVID-19. Even though the cloud has a lot of benefits to offer, it’s very important to highlight all the risks involved. A lack of understanding of cloud vulnerabilities and misconfigurations of cloud security settings can easily lead to cloud data breaches, as the enormous amounts of data, that cloud servers host, make them an attractive target for hacker attacks. Threats to cloud environments are in many ways related to the threats via in-house enterprise networks.  Pierre Gronau, the cloud security expert, reveals twelve risks and expresses specific recommendations to minimize the risk of abuse and externally enforced data loss.

 

Data Breach

A company is responsible for the protection of its data. In the case of a data breach that has become public, preliminary investigations, lawsuits, legal disputes, and the resulting loss of revenue, as well as a sustained loss of reputation, are threatened. Therefore, when choosing the cloud provider, special attention must be paid to physical and digital security controls.

 

Insufficient identity, credential, and access management

Data breaches and other attacks often result from lax authentication, weak passwords, and poor key or certificate management. IT departments have to weigh the benefits and risks in a balancing act: on one hand, there is the efficiency of centralizing identity. On the other hand waits for the danger that such a valuable central directory, the repository, represents a worthwhile target. Businesses should rely on multifactor authentication such as time passwords, phone-based authentication, and SmartCard access protection for greater security.

 

Unsafe interfaces

IT teams use interfaces and APIs to manage and interact with cloud services. This includes services that provide cloud provisioning, management, and monitoring. These APIs and interfaces are typically the most exposed part of a system because they are usually openly accessible over the Internet. The Cloud Security Alliance (CSA) recommends security-oriented code reviews and rigorous penetration testing. Useful in this context are API security components such as authentication, access control, and activity monitoring.

 

System vulnerabilities

Organizations share storage, databases, and other resources in the immediate locale area, creating new attack surfaces and the potential for exploitable errors. However, IT teams can ease attacks on such system vulnerabilities with basic IT processes. One of these processes is speedy fixing. Change-control processes that address emergency patches ensure that all corrective actions are properly documented and reviewed by technical teams. The optimal time window for this is four hours.

 

Account takeover

Phishing, fraud, and software exploits are still successful. Cloud services add a new dimension to these threats as attackers enforce damaging activity, manipulate transactions, and change data. To avoid this, companies should monitor all accounts, including service accounts, to trace each transaction back to its human owner. The key is to protect each account’s credentials from theft.

 

Malicious insiders

The insider threat has many faces: a current or former employee, a system administrator, contractor, or business partner. The range of malicious actions ranges from forced data abuse to data theft. We can say that the game publisher Zynga learned a lot via his previous experience. In November 2016, employees copied a large amount of player data from the company’s Google Drive account to a USB stick. Goal: They wanted to join the competition after leaving the company. Systems that depend solely on the security of the cloud service provider are at the greatest risk. Protection provides effective logging as well as monitoring and auditing of administrator activities. To minimize the burden of access, organizations should work with encryption processes and keys, as well as quantitatively minimize access to systems.

 

Advanced persistent threats

The CSA identifies advanced persistent threats (APTs) as parasitic forms of attack. APTs infiltrate systems and then secretly exfiltrate data and intellectual property for extended periods of time. Possible entry points include direct attacks, targeted e-mail fraud, spear phishing, and attacks via USB drivers. To be prepared, IT departments need to keep abreast of the latest attacks. In addition, regularly updated awareness programs ensure that users remain alert and less susceptible to letting a parasite into the web.

 

Data loss

Reports of persistent data loss due to cloud provider errors have become extremely rare. Hackers, however, are still showing off their active side by permanently deleting corporate and data center cloud data to damage the company’s reputation. Here cloud providers recommend the distribution of data and applications, daily backup, and offsite storage. Compliance policies often dictate how long companies need to retain audit records and other documents – the loss of this data can have serious regulatory consequences.

 

Insufficient due diligence

Organizations that use cloud services without fully understanding these and the associated risks must accept commercial, technical, legal, and compliance risks. If development teams are not familiar with cloud technologies, operational and architectural issues can arise. At this point, developers must conduct a comprehensive due diligence process to assess the risks associated with their cloud services. The duty of care in the cloud environment is always and especially valid for cloud migrations, consolidation, and outsourcing.

Abuse and harmful use of cloud services

 

Hackers can use cloud services to support their criminal activities. An example is the use of cloud computing resources to crack an encryption key and launch an attack. Other examples of abusive interns include DDOS attacks, spam messages, and malicious content hosting. Therefore, customers should check in advance if their cloud provider offers a misuse reporting mechanism. Even though customers are not direct prey to malicious activity, abuse can still lead to service availability and data loss issues.

 

DoS attacks

Harassment or blackmail-motivated DoS attacks have been around for years. They have gained in importance thanks to cloud computing and are affecting the availability of cloud services. Systems can slow down to a crawl or fail completely. The Australian Bureau of Statistics was also confronted with such a catastrophic failure in 2016 when the agency tried to complete the first national census online. Despite various system tests and stress tests, the census website crashed and went offline the night of the census. No Australian was able to complete his census form. According to CSA, cloud providers tend to handle DoS attacks better than their customers. Protected is anyone who has a plan to mitigate attacks before they occur. This is the only way for administrators to access essential resources when they need them.

 

Shared Technology Vulnerabilities

Vulnerabilities in a shared technology, including infrastructure, platform, and application, pose a significant threat to cloud computing. If a vulnerability occurs at one level, it affects everyone. If an integral component is compromised, it exposes the entire environment to potential injury. To prevent this, the CSA recommends a deep defense strategy which is known as multifactor authentication.

4 Basic Tips for a Successful Transition to the Cloud

4 Basic Tips for a Successful Transition to the Cloud

IT managers nowadays have to deal with a wide variety of challenges that comes with migrating to the cloud. Although cloud usage has become widespread in recent years, some companies still feel that they have not yet reached the full potential of the cloud.

However, the reasons for this are easy to identify, and cloud usage can be optimized using a few basic measures. Transaction to the cloud successfully means having an experienced partner who know exactly your industry requirements and can answer the following questions before the move. Such as how large and complex is company’s data? How important are regulatory considerations? Are company’s current business applications cloud ready? How much your day-to-day operations can tolerate downtime depends on the type of the application involved and what service level agreement does the company require for a cloud environment? If the company decides to change the cloud provider in the future, can the data and applications migrate with them?

 

Once these questions are answered, IT team can choose their cloud partner who can provide a migration plan and offer a cloud customized solution. Keep in mind that performance, security and reliability must be maintained when moving to clouds. Approach the migration in smaller chunks and stay in close coordination with your cloud provider. The goal is for the entire migration to cause minimal disruptions. Here below are few basic tips for a successful cloud migration and management.

 

Prioritize security

In the cloud age, the security of IT applications plays a particularly important role. Before any move to the cloud, IT managers must go through a list of business applications and identify those that they want to migrate. Planning is the key in order to recover any disaster, risk management and other potential situations. As company’s highly sensitive data, which is also used regularly, is moved to these infrastructures or is already stored on the complex architecture of cloud infrastructures, it makes many IT managers sweat.

IBM’s Cost of a Data Breach Report 2020  has shown that despite a nominal decline from $3.92 million in the 2019 study to $3.86 million in the 2020 study, the average total cost of a data breach  was much lower for some of the most mature companies and industries and much higher for organizations that lagged behind in areas such as security automation and incident response processes.

With the right security measures, however, risks and financial losses can be significantly minimized. While you might expect it’s your cloud provider’s responsibility to take all security measures, it’s also one of the biggest responsibilities of the customer to ensure their data is secure. Here are some of the methods we recommend at Storm to keep yourself safe when using the cloud. IT managers can ensure their data is secure by using methods such as multi factor authentication, strong passwords, data encryption and regular backups.

 

Understand and Enforce your Cloud Governance Plan

When implementing cloud services, many companies fail to develop a clear governance plan from the start and then consistently adhere to it. Governance, may be defined as an agreed-upon set of policies and standards, which are based on a risk assessment and inclusive of audit, measurement, and reporting procedures, as well as enforcement of policies and standards. Most security leaks in the cloud are due to weak corporate governance practices. In a multi-enterprise or multi-platform cloud environment, a lack of governance can not only lead to the loss of highly sensitive data, but also to considerable financial losses.

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Therefore, from the start, companies must not only establish and implement chains of responsibilities, authority and communication to empower people but also establishing measurement, policy and control mechanisms to enable people to carry out their tailored roles and responsibilities towards the respective cloud infrastructure.

 

Prepare your IT teams for cloud

Another challenge that IT departments have to face is the lack of knowledge of employees on the subject of cloud infrastructures. Just like any new technology, your employees need to learn specific skills that allow them to successfully work with the cloud solutions you plan to integrate.  For IT departments, the switch to cloud computing requires not only a different skill set but a different mindset. In order to take all the benefits cloud has to offer, it’s impossible for companies to dive into it without prior training and intelligent strategy. A proper training has a significant impact on cloud adoption, and this is especially true for organizations that invest in more comprehensive training. Once employees undergo training, they can understand where their skills fit and where they can contribute.

 

Optimize the cloud performance

Performance optimization is one of the main reasons why companies switch to the cloud in the first place. Performance optimization on key areas including scalability, concurrency, response time and throughput optimization can help you run better on Cloud. In this optimisation company can correctly select and assign the right resources to a workload or application. Simply put, cloud optimization can help you reduce cloud infrastructure cost and improve your application performance. Once the workload performance, compliance, and cost are correctly and continually balanced against the best-fit infrastructure in real time, efficiency is achieved.

 

Conclusion

The change to the cloud does not happen overnight, nor does it happen with the flick of a finger. You have to invest time, resources, and fund to migrate your applications and data to the cloud successfully. Security risks, a lack of governance, a lack of expertise and performance problems are all challenges that discourage many companies from taking this step. However, as long as companies take a few basic measures, they are well on the way to a successful and secure migration to the cloud.

 

Source :

Cost of a Data Breach Report 2020

Unlocking the Potential of Modern Hybrid Cloud Infrastructure

The Continued Growth in Private Clouds

We live in a world where information technology is embedded everywhere, and every device is in some way, shape, or form connected. Digital transformation is changing every industry with the use of new-gen platforms and technologies by enterprises to create value and competitive advantage through new business models and new relationships. The IT market is becoming dominated by tools that have the ability to easily migrate workloads between on-premises and public cloud. This is the main reason companies choose hybrid IT infrastructure, proven by a recent report “2019 State of the Cloud Report: See the Latest Cloud Trends“.

 

Cloud computing has matured to the point where it has become an indispensable part of the modern IT landscape and a central component in the IT strategies of most enterprises. While it is clear that all forms of cloud computing are on an accelerated growth, hybrid cloud is particularly in the spotlight. Today the term hybrid IT is often misused to represent the combine usage of private and public cloud, without a well thought strategy. The result is often diverse and unpredictable, and success differs from company to company and industry to industry as each enterprise works with different management model, application architectures, storage and data services. These differences can limit the ability to easily move enterprise and cloud-based applications to where they are needed.

 

In order to create an effective, modern hybrid IT infrastructure, businesses need to define their own Hybrid Cloud Strategy. Before any investment or any step towards cloud, they must question clearly what strategies they need to implement for a genuine hybrid cloud including hybrid infrastructure and multi-cloud where different IT professionals, customer and vendors will be working together.

 

By answering this question, you can calculate which of these options are less valid or valuable to your business. Each of the options can be used to build an effective and sophisticated platform, depending on the needs of your organization. The critical factor is making sure that hybrid cloud works for your organization. No two businesses are alike. Similarly, there is no reason why any two hybrid cloud strategies should be identical either. You can define what hybrid cloud means within the context of your business or organization. Here are some of the key questions that need to be answered:

 

  • Do we have a thorough picture of our current landscape?
  • Which applications need to move to the cloud – and what cloud environments suit them?
  • Why are you pursuing a hybrid cloud strategy?
  • Do you know what migration is going to cost you?
  • How much will your organization benefit from hybrid cloud? Think about the ROI
  • What must it deliver in order to meet your business goals?
  • Which workloads, applications, systems and infrastructure will it need to support?
  • How much flexibility and agility will it need so that you are ready to respond to future change and challenges?
  • How secure is the data stored on cloud? Where are the less obvious vulnerabilities in hybrid cloud environments?

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These are important considerations. The best strategy for successful deployment in the cloud requires assembling knowledgeable IT staff, which may involve some continuing education. Making your internal deployment groups and your external cloud service provider part of the process is also key to a successful migration.Most importantly, asking the right questions before will save you from uncomfortable situations later. Therefore the right hybrid cloud strategy, one that is appropriate and tailored to the requirements of your business, will help deliver the next level of productivity, agility and customer experience needed for success in today’s digital economy.

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