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Home Blog

The Top 5 Cloud Security Threats You Need to Know About

admin by admin
April 20, 2023
in Blog, Guest Posts
The Top 5 Cloud Security Threats You Need to Know About
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The Top 5 Cloud Security Threats You Need to Know About

Many businesses are moving workloads to the cloud to boost productivity and simplify processes. The emergence of cloud computing architecture has made remote working environments more widely adopted by businesses. Businesses gain from switching to a cloud computing environment from an on-premises data solution because it lowers costs, increases productivity, and allows for scalability. On the other hand, cloud computing might provide a competitive advantage for businesses. However, using it without fully understanding the risks requires extreme caution.

An organization’s cloud security strategy must consider issues with cloud adoption as well as everything that happens after integration to protect against the most significant risks to cloud security. The use of cloud computing raises many unique security issues and challenges. An example is a third-party vendor offering users internet access to data stored in the cloud. All parties involved need to be aware of their obligations and the numerous security risks and challenges of cloud computing. We will discuss the risks and threats to cloud security in this article, that could arise when you move your apps to the cloud.

What is Cloud Security?

The term “cloud security,” also known as “cloud computing security,” refers to a set of security measures intended to protect the cloud’s infrastructure, applications, and data. Cloud security is used in cloud settings to protect data from DDoS attacks, viruses, hackers, and unauthorized user entry or use. They also help to make sure that regulatory data is accurate. These security measures include user and device authentication, data privacy, and data and resource access control.

What Purposes Serves Cloud Security?

IT specialists are still hesitant to move more data and apps to the cloud due to the security, governance, and compliance problems that arise when data is stored there. They worry that increasingly sophisticated cyberattacks or unintentional security holes could endanger highly confidential business data and intellectual property.

Cloud security is essential because most organizations today use cloud computing in some capacity. It would help if you took action to thwart data breaches and theft to keep your client’s trust and safeguard the assets that support your competitive edge.

Protecting data and corporate secrets, such as client orders, top-secret design plans, and financial records, is crucial to cloud security. Every company moving to the cloud must prioritize cloud security due to its ability to safeguard data and assets.

What Benefits Does Cloud Security Offer?

The few advantages of cloud security are as follows:

  • Unlimited Storage Capacity 

We can use the enormous amount of storage space available on the cloud to keep all of our important documents, pictures, music, and videos in one location.

  • Data Protection 

Data security is one of cloud computing’s main benefits. The cloud provides a number of state of the art security features and ensures secure data management and storage.

  • Minimal Operating Cost

Utilizing the cloud can help businesses save money on hardware and software maintenance. 

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  • Mobility

We may instantaneously access all cloud data from our mobile devices thanks to cloud computing. 

  • Increased Cooperation

Cloud apps encourage alliance by authorizing bunches of people to quickly and smoothly communicate knowledge over the cloud via shared storage.

Top 5 Threats to Cloud Security

Here is a list of the top five dangers to cloud security.

01. Hijacking An Account

Account hijacking is one of the significant cloud security problems since companies depend more on cloud-based infrastructure and apps for vital business training. Many users use weak and repeated passwords, which constitute extremely poor password security. This problem makes phishing scams, and data breaches more damaging since it makes using a single stolen password across several accounts possible. 

While compromised client credentials give them total control over their online account, an attacker with access to an employee’s credentials can access crucial information or functionality. However, businesses using cloud computing cannot typically identify and address these risks as efficiently as those using on-premises technology.

02. Misconfiguration

Cloud security solution settings that have been improperly configured frequently result in data breaches. It is simple for a security lapse or misconfiguration to leave an organization’s cloud-based resources vulnerable to attackers since many firms lack experience protecting cloud infrastructure and frequently install many clouds, each with a different set of vendor-provided security protections.

However, many firms’ methods for managing cloud security posture are insufficient for safeguarding cloud-based infrastructure. Several things have an impact on this. Although cloud infrastructure is intended to be user-friendly and streamline data exchange for businesses, it cannot be guaranteed that data is only available to authorized personnel. Because of this, businesses using cloud-based infrastructure seek complete visibility and control over it.

03. Cyberattacks Cause Data Loss

For cybersecurity experts, securing a partially or fully migrated network against all types of breaches has unique challenges. Any firm would likely suffer greatly from losing crucial data due to human error, natural disasters that destroy physical servers, or malicious attacks intended to destroy data. Moreover, cloud-based infrastructures are frequently not adequately safeguarded, which many malicious hackers know and are familiar with how to exploit. 

Cybercriminals regularly target cloud-based networks due to the ease with which they may be accessed over the open internet. Because of the widespread usage of the same CSP by businesses, hackers can exploit a successful compromise on one target to get access to several others.

04. Denial of Service (DoS)

Distributed Denial of Service (DDoS) and Denial of Service (DoS) attacks are especially dangerous in cloud environments because they require Internet connectivity to be accessed.

Attackers may overwhelm a company’s cloud network with online traffic, preventing customers and employees from accessing resources. The more infrastructure in the cloud, the more damage a DoS attack will cause. 

05. Unreliable APIs and Interfaces 

CSPs frequently provide their clients access to application programming interfaces (APIs) and other interfaces. These APIs  are frequently well-documented to make them available to CSP customers.

Problems could arise if a client’s cloud-based infrastructure interfaces are not adequately secured. A cybercriminal may use the content created for the client to research and use potential entry points into a company’s cloud infrastructure in order to obtain sensitive data.

Our Final Thoughts

Organizations are currently utilizing a variety of cloud connected technologies and apps. Even though this increases a company’s exposure to risk, some cloud security issues are riskier than others. Businesses can protect themselves from the top five cloud security problems by implementing various cloud security guidelines. Develop a plan with your security partners, evaluate the security of the cloud, and use cloud technologies and training to help reduce the risks related to using the cloud for storage and operational purposes.

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Mukesh Ambani Reclaims Title as Asia's Richest Person: Forbes Announces Youngest, Oldest, and New Billionaires Written by Sanjay Kumar Reliance Industries Chairman Mukesh Ambani has reclaimed his position as Asia's richest person after rival Gautam Adani slipped to number 24, Forbes said in its Billionaires 2023 list released on Tuesday (April 4). At 65 years of age, Ambani boasts a net worth of $83.4 billion, placing him among the top ten billionaires in the world, with Bernard Arnault of LVMH holding the top spot. Mukesh Ambani Indian businessman • Born: 19 April 1957 (age 65 years), Aden, Yemen • Net worth: 8,360 crores USD (2023) Forbes • Children: Anant Ambani, Akash Ambani, Isha Ambani • Spouse: Nita Ambani (m. 1985) • Siblings: Anil Ambani, Nina Kothari, Deepti Salgaocar • Height: 1.69 m Mukesh Ambani was ranked 10th in the prestigious list last year, with an estimated net worth of $90.7 billion. However, in the latest list, Ambani has surpassed several notable names, such as Steve Ballmer of Microsoft, Larry Page and Sergey Brin of Google, Mark Zuckerberg of Facebook, and Michael Dell of Dell Technologies. Forbes noted that Gautam Adani, who was ranked third on the list in January with a net worth of nearly $126 billion, has tumbled to No. 24. Forbes attributed this to a report by US short-seller Hindenburg Research, which was released on January 24 and resulted in Adani's company shares plummeting. His net worth has now fallen to $47.2 billion, making him the second richest Indian after Ambani. Ambani's company, Reliance Industries, became the first Indian company to surpass $100 billion in revenue last year, according to Forbes. The publication also noted that Ambani's children now have key roles in the company, with Akash as the chairman of telecom arm Jio Infocomm, Isha as the head of the retail business, and Anant working in Reliance's new energy ventures. The total net worth of the 25 richest people in the world, according to Forbes' World's Billionaires list, is now $2.1 trillion, which is down by a combined $200 billion from $2.3 trillion in 2022. Two-thirds of the top 25 are reportedly poorer than they were last year. Jeff Bezos was the biggest loser, falling from No. 2 in the world in 2022 to No. 3 this year, as Amazon shares crashed by 38 percent. Elon Musk, who lost his title of the world's richest person after Twitter deal, is now ranked No. 2, with a net worth of $180 billion. French luxury goods tycoon Bernard Arnault topped the list for the first time this year, with a net worth of $211 billion, thanks to a banner year at LVMH, which owns Louis Vuitton, Christian Dior, and Tiffany & Co. Musk is followed by Jeff Bezos, who has a net worth of $114 billion. Forbes stated that there are a record number of Indians on its 2023 list of the World's Billionaires, with 169 individuals, up from 166 last year. However, their combined wealth has decreased by 10 percent to $675 billion, down from $750 billion on the 2022 list. This decline is primarily due to the stock rout of companies in the Adani Group following a January report of fraud allegations by short-seller Hindenburg Research. Gautam Adani, the infrastructure and commodities tycoon, who was briefly the world's second-richest person last September and was the world's third-richest person for most of January, has slipped to No. 24 globally and is now India's second-wealthiest citizen. Adani's elder brother Vinod, estimated to be worth nearly $10 billion, is not counted as an Indian billionaire due to his Cyprus passport. Several notable Indian billionaires are also included in the list, with Shiv Nadar, a software magnate, being the country's third-richest person. India's vaccine tycoon Cyrus Poonawalla, who owns the privately held vaccine giant Serum Institute of India and listed financial services firm Poonawalla Fincorp, maintained his position as the fourth wealthiest person in the country, despite the waning demand for Covid-19 vaccines. However, his net worth has decreased by 7% from the previous year, and it now stands at $22.6 billion. At No. 5, Lakshmi Mittal, the steel tycoon, was followed by Savitri Jindal, the matriarch of the OP Jindal Group, Dilip Shanghvi of Sun Pharma, and Radhakishan Damani, whose retail chain DMart is owned by Avenue Supermarts. Nikhil Kamath, the co-founder of Zerodha, a discount brokerage firm, is the youngest Indian billionaire on the Forbes 2023 list at the age of 36. Nikhil's older brother, Nithin Kamath, is also a newcomer on the list and has a net worth of $2.7 billion. The Bengaluru-based siblings' combined net worth is $3.8 billion. Kumar Birla is ranked at No. 9 and Uday Kotak at No. 10 in the country. Keshub Mahindra, the chairman emeritus of Mahindra & Mahindra, returned to the list this year at the age of 99, making him the oldest Indian billionaire. His net worth is $1.2 billion. Four people returned to the list this year after previously falling off, while 23 people from last year's list didn't make the cut this time. Anil Agarwal, a meals magnate weighed down by debt, and Vijay Shekhar Sharma, whose One97 Communications has seen its shares steadily fall since its IPO in late 2021, are among those who fell off the list. Forbes' global count of billionaires decreased from 2,668 last year to 2,640 in 2023. However, India's tally improved from 166 in 2022 to 169 this year. Forbes stated that falling stocks, wounded unicorns, and rising interest rates contributed to a down year for the world's wealthiest people. The world's billionaires are now worth $12.2 trillion, a decline of $500 billion from $12.7 trillion in March 2022. The United States continues to have the most billionaires on the Forbes list, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains in second place, with 562 billionaires worth $2 trillion, while India is in third place with 169 billionaires worth $675 billion. Forbes calculated net worth using stock prices and exchange rates from March 10, 2023.

Mukesh Ambani Reclaims Title as Asia's Richest Person: Forbes Announces Youngest, Oldest, and New Billionaires

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