New economics of cloud security: Cloud adoption has surged as the ‘new normal’ brings tightening regulations and rising cybersecurity threats, necessitating enterprise technology companies to expand in order to address these obstacles.
1. Realize the Full Business Value Potential of Cloud Computing
To fully realize the full business benefits offered by cloud computing, enterprises must adopt contemporary technology, operational and financial management practices – DevSecOps.
2. Eliminate Exorbitant CAPEX and OPEX Costs
Businesses are investing an increasing amount of money into technology, so finding ways to reduce expenses is becoming ever more critical. Fortunately, there are many cost-saving measures that don’t require spending cash upfront.
One way to reduce costs associated with cloud security is by eliminating exorbitant CAPEX and OPEX expenses. These outlays can be burdensome for finance departments that must justify every penny spent.
However, with a pay-as-you-go model like Azure Reserved VM Instances, you can avoid the high upfront costs associated with CapEx and switch to an OpEx pricing model.
OpEx models allow companies to leverage cloud hosting specialists and take advantage of new capabilities without needing large upfront investments. This saves companies time and money that could otherwise be better allocated towards developing their own products and services.
3. Protect the Cloud with a Solution Tailored for the Cloud
Securing the cloud requires an approach specifically tailored to it, offering solutions designed for this purpose.
Cloud security is a critical element of any business’ digital operations. Whether you use public or private cloud services, it is imperative that your data remains safe from malicious threats.
Legislation has been put in place to protect consumers from data breaches, and you must abide by these regulations when protecting your cloud infrastructure. These include the General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA).
Your cloud provider is no more secure than any other party when it comes to cybersecurity attacks, particularly if their employees have access to your data. Make sure they follow security protocols and utilize proper encryption.
When selecting a cloud security provider, ensure they offer customized protection tailored to your architecture. Doing so can help avoid various vulnerabilities and protect your data from malware infections. A suitable solution should protect data at both the application layer and during transit to and from the cloud.
4. Minimize Your Risk
Securing your cloud-based data will help reduce threats. But, it isn’t always easy in the event that multiple security measures need to be in place at the same time.
One way to lessen your risk is to take advantage of the most recent security features offered through your cloud provider. This could be a firewall based on software that apply rules to every traffic on a network and stop malicious malware from entering.
A second method of reducing cybersecurity risks in the cloud is by using an effective password manager. This allows you to create secure as well as unique passwords for every website, app or service you use.
It’s important to be aware the fact that cloud-based services can be ever-changing and change quickly. This can expose your cloud deployments to a variety of vulnerabilities over time.
