Almost all organizations are now embracing digital change and have been implementing digitization with the support of data conversion company. Digital technology has streamlined and enhanced the workflow efficiency in organizations. Today, along with document conversion, organizations are adopting cloud storage facility for storing valuable data. Companies collect more information than ever before about their customers, employees and other aspects and crucial data exchanged through the Internet brings enormous value to companies and individuals. Customers also submit their credit card details and other personal information on the Internet. All these data can be stored in the cloud but necessary steps should be taken to ensure data security in cloud storage. If such sensitive data reaches the wrong hands, then it can have devastating outcomes for businesses and their consumers.
The cloud storage trend has developed significantly over the past few years and provides bigger storage capacities for businesses to maintain their records for easy accessibility. It provides a large, secure and accessible platform that is cost-effective and allows businesses to archive important and sensitive documents. Cloud storage is often used as a backup plan by businesses by providing a second copy of important files. The remote servers can be accessed over the internet via cloud, and these servers are managed and maintained by cloud service providers.
3 major data security concerns with regard to cloud computing are as follows.
Adequacy of cloud security: With every year, businesses continue to adopt the cloud system and greater emphasis is being placed on cloud security. According to Gartner, infrastructure as a service (IaaS) market will increase to $39.5 billion by the end of 2019. Organizations are increasingly adopting cloud-based tools such as Office 365, G Suite, AWS, Salesforce and Slack. Bitglass research found that the percentage of organizations around the world that use at least one cloud-based tool has increased to 81 percent in 2018. But unfortunately, cloud security is lagging. The study also found that only 25 percent of organizations in 2018 used single sign-on (SSO), an elementary requirement for protecting data in the cloud. It is estimated that in 2019, the adoption of cloud storage will increase but most organizations may fail to implement security measures for protecting data in cloud storage.
Infrastructure as a service (IaaS) could boost cryptojacking: Cloud cryptojacking has emerged as the hacker’s tool of choice. This type of attack involves two tactics – cryptojacking and cloudjacking. It involves illegitimate third parties hijacking enterprise cloud resources. Cryptojacking and cloudjacking can be used together to mine cryptocurrency subtly and quickly. In 2019 we can expect more cloud cryptojacking and IaaS systems like Amazon Web Service may be prime targets for such malicious attacks. If the platform is not secured, then these platforms would offer a massive amount of processing power and an environment where hackers can stealthily mine for larger volumes of cryptocurrency. As cloud computing is expected to rise in 2019, cloud cryptojacking is also expected to rise accordingly.
Global data privacy regulation renaissance: Many organizations have proven to be poor custodians of consumer data. Multiple data privacy regulations were introduced or passed, including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) in 2018. Organizations have to follow various government guidelines around the collection, storage, management and protection of customer information. In 2019, more regulations like guarding against unauthorized viewing and sharing of sensitive information or rules to assure that only permitted parties can access data etc are expected to come into effect globally.
In 2019, cyber security and cyber attacks are expected to evolve as more number of organizations will use cloud-based solutions like IaaS. To keep hackers away, the security teams should implement measures to meet the increased regulatory demands. Security of information must be prioritized in all activities and processes, even when using outsourced professional data conversion services or any other such solutions.