Businesses across all industries have grown to be more dependent on digital due to lockdowns and social distancing measures. And as more rely on the internet to operate, even more cybercriminals are targeting establishments to exploit vulnerable security measures. In fact, 2020 saw large-scale data breaches skyrocket by 273% compared to 2019. The number of threats has led to a greater need for more secure software solutions, such as cloud technology. And here are several reasons why the cloud provides more security for businesses:
1. The cloud is more resilient against threats
Data and storage security is essential to establishments as they house all the information required for a business to operate. Everything from payroll, inventories and sales records must be accounted for, and there can be serious repercussions if this data is lost. Data loss can happen at any time with catastrophic results. Apart from malware and ransomware, factors such as hardware failure, power outages, and natural disasters can compromise a company’s valuable data, leading to consequences like bankruptcy.
Not only is it crucial to have a good backup plan, but it is just as necessary to have contingencies in place. Cloud technology allows for data storage in a virtual and secure environment that isn’t completely dependent on hardware. This means that business owners can access their data with any compatible device, proper access credentials, and a stable internet connection. Cloud software-as-a-service (SaaS) can help track hackers faster since they capture pertinent information about file changes. It also lets organizations back up data in a cloud data lake that they own, accessible only to authorized users. While it’s not impenetrable to cyberattacks, SaaS can reduce the risk of having your files wiped clean or stolen.
2. Cloud providers have the best cybersecurity professionals
Cloud technology has evolved since software giants like Google and Microsoft invested heavily in this fast-growing virtual environment. However, cloud computing was not without its vulnerabilities, especially in the earlier stages of development. This is why it expanded into the cybersecurity enterprise. Forbes details how the right cybersecurity providers protect cloud-based applications since they’re armed with the necessary resources and collective intelligence. They can also secure networks and ensure measures for cybersecurity prevention, detection, and response. Cloud providers invest heavily in their experts just as much as they do in their tools.
Given the rise of malicious software that we mentioned earlier, the demand for cybersecurity professionals has increased dramatically as well. To meet this demand, online degrees have been designed to equip professionals with the necessary skills. A look at the future of cybersecurity programs on Maryville University, highlights how cloud security is one of the key components students have to learn under defensive tracks. With digital forensics and malware analysis, cloud security can fortify a business’s defenses against cyber attacks that steal valuable data and compromise an establishment’s safety. Business owners can then depend on cloud providers for the security needed for their data. This eliminates the need for an entire in-house team, which streamlines business operations and saves on costs.
3. Updating compliance requirements is easier
A fast-paced technological landscape means that security requirements are continuously changing. As these changes occur, those using cloud technology are often confronted with the difficult task of complying with regulatory mandates and laws. This can be especially challenging for business owners that aren’t particularly well versed in cloud technology. Investing in providers that can help advise you on Oracle technology software licensing can help you remain compliant.
This allows you to view your software and identify opportunities for improvement depending on your business priorities. It’s also possible to draft up different licensing scenarios to optimize software spend and negotiate contracts that work best for your business. The result is an agreement structure that provides your business with the support it needs while mitigating compliance and audit risks as they evolve.
Navigating business operations without a robust security plan can put you at serious risk. By choosing to move to the cloud, there is a better chance that your defenses can grow and develop as your business flourishes.
Article written by Rhianne Jolene, exclusively for Namos Solutions.
About Namos Solutions
Namos Solutions are an award-winning Oracle OPN Modernised Partner specialising in the implementation and support of ERP, EPM and HCM business solutions, both in the Cloud and on-premise.
With global experience together with an impeccable track record, our business is built on our passion for delivering successful business transformation. Passion underpins everything we do at Namos – passionate about delivering beyond expectations, earning trust and building long-lasting relationships with our clients.
Although based in central London, we work wherever our clients need us to be. Many leading organisations located all over the world trust and rely on our expertise to deliver industry-leading business solutions. Namos customers can currently be found in the UK, Europe, Middle East, Asia Pacific, North America and Africa. For more information, please visit www.namossolutions.com or email info@namossolutions.com.
