We’d lock doors at night, put passwords on devices, install CCTV cameras for surveillance, and even spend to embed laser alarms in highly-sensitive areas just to settle our minds that we’re all geared against intruders.
For millenniums of human existence, we are bound to fulfill our hopes and dreams. To backbone such reality, Abraham Maslow, a forerunner of theories on human motivation, states that humans push through things through internal motivations. His Hierarchy of Needs shows the order of matters we opt to fulfill before achieving self-actualization or our aspirations, making safety or security a core part of this school of thought.
True enough, in today’s era of cloud storage and data breaches, security is one of the considerations for cloud or document management system providers to give off their clients.
Keeping up a cloud provider’s security features will always boil down to a vital part for each business: impenetrability of information. Nobody wants to put a business at the brink of failure because of an overlooked security matter. So, with no further crisscross talk, here are some major reasons as to why the cloud’s security deserves the provider’s keenest attention:
Security threats are evolving.
In a period when once-fictional inventions are now becoming a reality, technologically-induced dangers are popping as well. In fact, a report presented by Cloud Security Alliance (CSA) last February 2016 name dropped 12 cloud-computing threats for this year. Data breaches, hacked interfaces and APIs, account hijacking and malicious insiders are just some of these threats waiting to attack cloud-based document management systems.
With these threats all-adjusted to the conventional cloud security features, clinging to the traditional triangular security might be, one way or another, lose enough to be penetrated by modern intruding efforts. For advancing cloud mishaps, hexagonal security should be one of the cloud services’ primal features.
Poor security can cost large sums of money.
Cloud breaches don’t just intrude organizational information. They are also fashioned to cause a great meltdown to a business’s budget.
Grant Thornton, a major global accounting organization, surveyed 2,500 international businesses from 35 different economies last 2015. It turns out that for just a span of one year, the total estimated cost of cyber security accounts is 315 billion USD. Regionally, Asia Pacific businesses lost 81 billion USD, European organizations got diminished with 62 billion USD, and North America lost 61 billion USD from its grip — all because of cloud hacking.
With this financial damage done to cloud users globally, it is safe to say that cloud hacking can do a significant devastation to companies, enough to lost profit, stop production, or even go bankrupt.
Security could cause a B2B domino effect.
Taking the data from CSA’s survey: out of 200 IT executives, 64.9% of them trusts that the cloud storage is a much reliable resource compared to on-premises software. This CSA’s figure paired with the numerous positive projections of business cloud investments should make security an even more crucial cloud computing feature.
This means that the cloud features (especially security) could make or break the reputation of a cloud service provider and the business merely wanting a secured organizational process — which both parties can’t afford, particularly in this age of accessible bashing and over the internet that can drive off or entice customers.
Security will always be a necessity for companies. As for businesses clinging to a document management system or any cloud-based infrastructure, pairing up with the best service provider is a neat closed deal.
Do the cloud service providers on your list prioritize these security factors? If not, we’re here to help. Click here.