Safeguard Your Finances With Cloud Security

Safeguard Your Finances With Cloud Security

Cloud security is a subset of cybersecurity in which keeping data private and safe is prioritized. Think of cloud security as a security guard protecting e-data on a “cloud.” 

What is Cloud Security? 

– Cloud security is the protection of cloud data -digital data that’s stored in remote storage systems known as “the cloud”- from attacks through technology, policies, and services. 

Types of Cloud Services for Organizations: 

  • Software-as-a-Service, SaaS:
    • worry the least about securing the cloud
    • secures the infrastructure running the application & the application itself.
  • Platform-as-a-Service, PaaS:
    • has to secure the same elements that are being secured in SaaS in addition to application deployment and management
  • Infrastructure-as-a-Service, IaaS:
    • here, organizations have the most control of the cloud environment they are using but this means they must be more secure with their clouds
    • responsible for securing guest OSs and configuring security software/devices

What is cloud security composed of? 

  • Data Security
  • Identity and Access Management, IAM
  • Governance: policies on threat prevention, detection, and mitigation
  • Data Retention (DR)
  • Business Continuity (BC)
  • Legal Compliance

What Facets Does Cloud Security Protect? 

Some may include but are not limited to

  • Physical Networks (routers, electrical power, climate controls)
  • Data Storage (hard drives)
  • Data Servers (network computing hardware and software)
  • Computer Virtualization Frameworks (virtual machine software)
  • Operating Systems (OS)
  • Middleware
  • Runtime Environments
  • Data
  • Applications

Cloud Security Risks 

  • Internal threats caused by human error (misconfiguration)
  • External threats (malware, phishing, attackers)
  • Risk of cloud-based infrastructure (service disruptions, incompatible legacy IT frameworks)

How Can a Cloud be Secured? 

Securing a cloud can be done via encryption– transforming data into an unreadable format before it’s transferred over to the cloud and stored. 

Types of Encryption for Cloud Data: 

  • Communications Encryption 
  • Sensitive Data Encryption 
  • End-to-End Encryption 

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More about the author: Harry Sherdil

As a fiduciary financial advisor at an independent firm, Harry strives to offer the same resources, tools, and research as bigger firms while serving new and existing clients' best interests.