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We live in a technology-driven world where new technologies evolve across the business landscape now and then. The value of flexible and scalable cloud solutions is well-known.
Many businesses are turning to managed service providers to stay lean and competitive. This calls for the need for robust cloud security software.
Here we look at a few reasons why managed service providers need an advanced cloud security solution
Growing Cases of Security Breaches
According to the latest security statistics, the US saw 1244 data breaches in 2018, and around 446.5 million records were exposed. According to experts at sonraisecurity.com, the statistics show the security breaches have been on a consistent rise, and data breaches exposed 4.1 billion records in the first few months of 2019. This is an alarming rise, which is a cause of worry to managed service providers and enterprises.
Some security breaches have far-reaching consequences, which can lead to companies losing a significant annual turnover. No enterprises or managed service providers can combat security breaches without implementing robust cloud security software.
Several Factors Affect the Data Storage Location
The managed service providers generally store enterprise data in multi-regional storage systems. These data storage systems store data in multiple geographic locations. It is difficult for enterprises to know how their data is stored and separated from other data.
The security regulations differ from one region to another. Hence, enterprises need to choose the most secure storage option. Cloud service providers who monitor their cloud strategy consistently and employ robust cloud security solutions can offer the best protection to enterprise data.
Prevent Unauthorized Access
Enterprises can move customer and corporate data to the cloud. However, no enterprise can keep data safe if there are no systems to prevent unauthorized access. Good cloud security software gives you complete control over access to the data stored in the cloud.
You can implement a robust access policy to define data access rules and roles clearly. The cloud security software can enable administrators to implement multiple authentication levels and authorization to ensure sensitive data is accessible to select employees only.
Eliminate Risks of Data Exposure
Unintended and mistaken data exposure is one of the common risks in cloud environments. Nearly 40% of organizations using public cloud accidentally leaked data to the public. These leaks were not due to maligned intentions but due to bad data security practices.
Due to this inherent risk, monitoring public buckets is not enough. It will help if you have cloud security software that can discover, classify, and lock-down data to prevent accidental exposure. The cloud security solution should monitor these critical stores and resources. The software should be able to determine potential access by any container, serverless function, VM, or person.
The ability to highlight data stores for access gives true visibility across the platform. Behavioral monitoring and risk sensitivity are two important aspects of data security. Employing a robust cloud security software ensures enterprises can categorize their cloud resources and keep a close eye on the access of these valuable resources through cloud security features.
Meeting Cloud Deployment and Speed
Cloud systems are popular due to their flexibility and speedy deployment. Many enterprises deploy software frequently in the cloud environment. But, they cannot protect their applications from misuse or attacks without detecting and repairing vulnerabilities.
A robust cloud security system can leverage security tools to scan the software for vulnerabilities throughout the development cycle. Managed service providers need robust cloud security software that ensures speedy and secure deployment of enterprise systems and data in the cloud environment.
Comply With Regulations
Keeping data secure is becoming more critical since the arrival of HIPAA and GDPR (General Data Protection Regulation Act) protection standards. Businesses that ignore these regulations risk legal actions like cancellation of licenses and hefty fines.
If the customer data in the cloud is compromised, the liability rests on the business. Managed service providers understand the importance of data security and regulation compliance, which is why they invest in robust cloud security software that protects from cyber-attacks.
Highly regulated industries like banking, finance, health, insurance, and legal already have standard data security compliance acts. The importance of cloud security software increases due to increasing cyberspace threats.
Surely a business will lose reputation, customers, and revenue due to data breach, but clients will also hold managed service providers accountable for such damage to the business. It is one reason why managed service providers need to invest in robust cloud security solutions and ensure optimal protection to clients’ systems and data in the cloud.