Top 5 Cybersecurity Risks with Cloud Migration

Enterprises’ interest in cloud computing has been growing significantly. Lower costs, a quicker opportunity to advertise, expanded employee productivity, efficiency, scalability, and adaptability are some of the factors motivating companies to move to the cloud. Security is one of the benefits too. With this growing pace, organizations are not expected to slow down with their migration plans, either. As indicated by market estimates, the worldwide cloud computing market size is projected to develop from USD 272.0 billion in 2018 to USD 623.3 billion by 2023 at a CAGR of 18.0%. 

While migration to cloud is no longer an option, it has come with its set of challenges. The main one being security. Many organizations have taken help from cloud migration consulting companies, where a cloud expert can come in to help. Today, the constantly developing IT landscape requires an adaptable and dynamic business working environment. Having an exceptionally improved IT infrastructure will help embrace digital transformation, scale business activities, and quicken the general development of the business.  

So, considering the developing business necessities, the basic thought for associations deciding on cloud migration would include having a sound data security framework set up. Migrating infrastructures, applications, or services require a cautious understanding of the security suggestions. Cloud-based arrangements have essentially changed the security worldview and further expects organizations to convey a steady security system that traverses the whole cloud infrastructure. So, it might surprise you to learn that there are a number of cybersecurity threats that can cause all sorts of problems for cloud systems.  

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5 Cybersecurity Risks with Cloud Migration

It is significant to see precisely where your framework could be at risk, and what can be done. In this article, we investigate five key cybersecurity risks that could influence your cloud computing services and thus organizations should keep in mind going forward: 

1. Cryptojacking 

 Crytojacking is a new type of cyberattack. It is based on the well-known practice of mining for cryptocurrencies like Bitcoin. To do this, you need computing power, and cybercriminals have discovered strategies for getting to cloud computing frameworks and afterward utilizing their processing ability to mine for cryptocurrency. 

Cryptojacking can be very difficult to spot and manage. The significant issue here is the fact that when hackers use processing assets from your cloud framework it will slow down your activity, yet it will keep on working. This means that it can appear as though nothing malicious is occurring and that maybe the PCs are just struggling with their processing power. 

2. Exploiting Cloud Apps 

As per the new contextual analysis by IBM X-Force IRIS, cloud-based applications are the most well-known way for cybercriminals for compromising cloud environments. They represented 45% of cloud-related cyber attacks in IBM’s study. 

3. Data Loss 

Organizations are progressively storing sensitive information in the cloud. Around 21% of records transferred to cloud-based document sharing services contained sensitive information, including intellectual property.  

Data loss is one of the cloud security challenges that are difficult to predict and considerably harder to deal with. Data theft was the widely recognized attack in breached cloud conditions outside of malware deployment in most instances throughout the recent year. 

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4. Denial of service 

One of the most harmful threats to cloud computing is a denial of service (DoS) attack. These can close down your cloud administrations and make them inaccessible to both your users and clients, as well as your staff and business as a whole.

Cybercriminals can flood your framework with extremely high volumes of web traffic that your servers can’t adapt to. In this case, the servers won’t buffer, and nothing can be accessed. If the entirety of your framework runs on the cloud, this would make it impossible for you to manage your business.  

5. Legal/Compliance Issues 

With expanding government guidelines relating to information security, for example, GDPR and HIPAA, staying compliant is getting more complex. 

Owing to the large-scale accessibility of data on the cloud environment, it can be hard for organizations to monitor who can access the data.  

Organizations should always strive to remain compliant with laws and industry guidelines to avoid facing heavy fines and reputational harm in the event of a security breach incident. 

Conclusion 

We have seen the cybersecurity threats to your cloud computing framework. The truth is that you will inevitably be vulnerable to some of these threats if you don’t place your assets with defenses they require. To plan for threats or, know about them, look for proficient training or managed support assistance if you don’t have the assets in-house. 

Author Bio – Ben is a technical writer at Nuvento. It’s an enterprise cloud consulting company in the US. He enjoys telling about tech innovations and digital ways to boost businesses.

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