Major cloud security risks and how to mitigate them

June 22, 2020 //By Jean-Pierre Joosting
cloud security
The latest research by Netskope has found that 44% of security threats start in the cloud as hackers target popular cloud apps and services using well-known techniques of phishing and malware to get access to valuable enterprise data.

The most popular cloud services and apps are used for storage, collaboration, webmail, and consumer relations. However, cloud storage is one area where companies should take higher security precautions. According to the researchers, Microsoft Office 365 for Business, Box, Google Drive, Microsoft Azure, and GitHub are among the most-targeted cloud services.

“The majority of employees operate in the cloud — especially now, when remote work is booming. While the cloud is considered to be more secure and much cheaper than on-premise infrastructure, companies need to address the potential risks this environment poses,” says Oliver Noble, an encryption specialist at NordLocker.

According to NordLocker’s encryption specialist, the two biggest cloud-related threats to companies are data loss and data leak. Due to the unsystematic database structure, human error, phishing, or malicious intent, confidential business data can be irreversibly lost or accessed by malicious actors. When the data is compromised, it can end up for sale on the dark web or in the hands of competitors. This might destroy any organization forever.

However, in cloud computing, internal security threats are just as important as external risks. As employees move data between different cloud storages, cloud communication apps, or different risk levels, cybersecurity rules are often overlooked. There’s also a chance of data abuse by a malicious insider who may intentionally leak information for financial or personal incentives. Moreover, employees using their own devices to access the company’s cloud might also pose great insider threats.

Next: Avoiding cloud security threats

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