It has been found that 59 percent of C-level executives had adopted Cyber insurance policies. This is done because, despite ongoing efforts, data breach incidents are continuously occurring. The change from boundary to the endpoint network security hasn’t happened rapidly enough, and it alone is insufficient to fulfill the current advanced cloud computing threats. In today’s post, we are going to aware users about, how to solve issues related to the data insecurity & protect overall cloud data for large enterprises.
Usually, it has been observed that data breaches majorly affect the financial sectors. Around 200 million records of financial services were breached in the year 2016, which was 900% more from the year 2017. Business insiders pose to be the greatest cloud computing security challenges – whether it is a malicious attacker within a company or an unintentional mistake by employees. Whatsoever it is, at the end of the day, the reputation and financial damages have to be suffered by the company itself.
Data Insecurity On Cloud Storage
The simple definition of ‘Internet’ says that it is a network of interconnected PCs, a network that has been developed to share information worldwide. Now the fear that people have is that is their data secure on the internet? The answer to this question is completely dependent upon the security measures that a cloud user adopts to protect his or her online profile. Apart from all this, enterprises need to know that IoT (Internet of Things) devices have a dark cloud data security underbelly, which comprises strong communication between the banks and clients and explored services. The current suite of the Federal trade commission against a router vendor said that threats’ severity can be caused due by open internet-connected devices. For example – The huge Mirai botnet threat acquired the majority part of the US offline for one day.
Role of GDPR to Overcome Data Insecurities
In a trial to defeat hackers in their never-ending request to access business confidential information, the EU (European Union) originated a regulation in law, named as GDPR (General data protection regulation). The official website of the regulation calls it “the most essential modification in the data privacy regulation in 20 years”. This regulation includes security for EU residents as well as citizens who are of other countries and are clients of an EU residing company. The aim of GDPR data compliance is simply to unify data protection, retention, and governance legislation across the EU member state. All this is done to mitigate issues associated with data insecurity and protect the overall cloud data of a large population. Organizations accessing the personal records of users residing in the EU, independent from the industry’s location, must comply with this regulation.
A GDPR compliance demands for greater oversight of how and where the secretive information like banking, credit card, banking, and health, is being shared and stored. Most industries will demand appointing a data protection officer who has the role to act as an enterprise data security leader. Residents of the European Union have their new rights, including the right to be forgotten, data portability, and to be alerted within 3 days of the discovery of an information breach incident. There are 99 articles of GDPR, which every company should read, understand, and enforce as defined. If a firm ignores the GDPR policy, it is categorized under non-compliance and has to pay the demanded penalty to the government authorities.
On May 25th, 2018, the EU GDPR regulation came into force. It means that companies that are either EU-based or hold the data of EU citizens, have to compulsorily enforce GDPR compliance. If not, they have to pay the demanded fine as punishment. Talking about the penalties then, enterprises can be fined up to 4% of their overall global income or $20 million – dependent upon the situation. It is essential to be known with the fact that the GDPR rules are applicable for data processors and controllers.
Eliminate the Fear of Data Insecurity With CloudCodes
Even if a person properly follows the basic tips of Cyber security, more than half of the data leakage risks can be eliminated. As discussed in starting of the post that one of the biggest cloud computing security challenges is human error. This means that organizations have to adopt insider threat protection software as well along with the external security approaches. To achieve both internal as well as external security solutions, industries can opt for a CloudCodes CASB solution. It is a consolidated platform where different approaches to secure online data are automated and arranged in a simplified manner. Issues related to data insecurity can quickly be mitigated with this solution. Users can give it a try by requesting for software’s trial version and, to experience a smart way of its working to secure online content.