Cloud Computing Risks and Benefits | Risks of cloud computing

26 min read
0
3
6,195

The use of cloud computing has become more and more prevalent in our daily lives. For many, it is a comfortable substitution for using physical computer hardware. The benefits of using this technology are apparent, but can the risks be controlled? This article will explore the risks of cloud computing so that you have an idea of what could happen to your data if you don’t take them into account.

We’ll also look at ways that users can protect their data through simple steps such as limiting click times, securing backups and encryption, learning to recognize security breaches on social media, and keeping track of saved passwords. By doing this, we’re able to ensure that our information is safe while we enjoy the benefits that come with cloud computing.

But, before we begin, let’s define what cloud computing is. Of course, the Internet connects users to the servers that provide cloud computing which has almost become as integral of technology in our lives as smartphones. The Open Group defines cloud computing as:

Essentially, it’s the idea of accessing an application via a browser or cell phone from anywhere in the world; it’s software-as-a-service at its finest. This means that cloud computing is the foundation of such programs as Google Docs and Google Sheets, Microsoft Office 365, Salesforce, Dropbox, and many more.

In addition to this definition, there are some technical definitions as well:

Private cloud computing is where the application is being executed in a private network (intranet or local area network) while the data usually resides on servers within the same physical location. While this offers some benefits over public cloud computing, it also has its own set of risks, such as the increased potential for data breaches due to internal employee theft or corporate espionage.

This is where the application is being executed in a private network (intranet or local area network) while the data usually resides on servers within the same physical location. While this offers some benefits over public cloud computing, it also has its own set of risks, such as the increased potential for data breaches due to internal employee theft or corporate espionage. Public cloud computing is when applications are separated from the data and can be accessed remotely. For example, a user’s files might be stored on a remote server run by their computer’s manufacturer. Their personal apps, such as Microsoft Office or Salesforce, run on their local computer, smartphone, or tablet.

This is when applications are separated from the data and can be accessed remotely. For example, a user’s files might be stored on a remote server run by their computer’s manufacturer. Their personal apps, such as Microsoft Office or Salesforce, run on their local computer, smartphone, or tablet. Hybrid cloud computing combines the use of both public and private clouds to allow for more flexibility with the user’s application needs. This is also known as “the best of both worlds” paradigm because it allows users to have some of their data on remote servers while keeping other data on private servers. The idea behind this is that it offers benefits of both public and private clouds while mitigating some risks that come from using these technologies individually.

Our goal is to go over the different risks associated with each of these categories so that users can make an informed decision about whether or not cloud computing is right for them. Let’s begin.

1. Public Cloud Computing: Relying on IBM, Google, and Microsoft for Cloud Security

First, let’s look at public cloud computing, which can be defined as hosting enterprise apps and data in a remote location by a third party. As we mentioned before, cloud computing offers many benefits to organizations and comes with its own set of risks that must be addressed to ensure data security and privacy.

1.1 Risks of Public Cloud Computing

The first risk that comes with using public cloud computing is basically the same as the risks that come with any other service provided by a third party:

Risk # 1: Information Security in a Cloud Environment [2] Because an outside party manages the servers, and there is a lack of transparency in regards to issues and events, there is a loss of control over security. How can you be certain your data and applications will not be compromised? This risk can be addressed by knowing how providers address security permissions, audits, privacy, and physical security.

1.2 Risks of Public Cloud Computing

The risks that come with public cloud computing are similar to those that come with any public or private network:

Risk # 2: Lack of control over data and applications Users can have a lack of control over their instance configuration once set as part of their subscription. Specifically, there is no provision for settings changes or customizations to the server settings. For example, Google Docs offers 15GB of free storage but has no provision for changing its quota settings. Because you are selecting certain applications and services ahead of time, there is less flexibility in changing the features during your contract period if they aren’t meeting your needs.

Risk # 3: Guest Access to Data Once your data is hosted in a remote location, it is truly open to the public. This is further enhanced by allowing users to create guest accounts that can access the same data as they would their own. This can result in less control over how users will access their data. In addition, if there are multiple users accessing the same server, what happens if someone breaks into it?

Risk # 4: Unnecessary Changes and Overuse of Applications There are some instances where people might have their cloud account configured for too many applications, a few of which might be unnecessary for them or might even be unneeded for their organization. In this situation, users are essentially paying for applications that they do not need but still have to pay for. This can cause the organization to be over-billed if the resources are being used to run unnecessary applications. It also presents an increased security risk if employees with access to cloud accounts use them for business purposes instead of personal. This is why it is important to review the terms and conditions of your cloud service agreements.

Risk # 5: Hackers and Other Online Threats When you are accessing the Internet via a third party’s connection, there are many risks involved. For example, what if someone from outside your company breaks into it? If a hacker can break into your cloud server, they can potentially access all of the data hosted there. To mitigate this risk, users should select cloud providers with high physical security levels and strong internal cyber-security measures established to prevent breaches on their servers. Some of those measures include:

That contains specific rules for its users (e.g., which files or protocols are allowed). A Virtual Private Network that encrypts the network traffic between your organization’s computer and the local network.

That encrypts the network traffic between your organization’s computer and the local network. Access control requires users to authenticate themselves with a password or other credentials prior to connecting to a cloud server.

1.3 Risks of Public Cloud Computing

The last category of risks comes from using public cloud computing services:

Risk # 6: Licensing Issues When using an application in a cloud server, you may run into instances where you need more licenses than what is currently available in your configuration plan. For example, Google Apps for Work offers a package that includes unlimited storage and support of its applications. However, if users go over a certain amount of user accounts, they can be blocked from accessing those applications until they purchase additional licenses.

Risk # 7: Unfair Contract Terms When you sign up for services with a cloud provider, be sure to read the fine print and understand the terms and conditions surrounding your subscription. What happens if you need to cancel your plan? Is there an early termination fee? Are there any hidden charges or penalties if you decide to break off the contract early? Also, make sure that you are aware of what happens in the event that your provider goes out of business or is unable to provide its services anymore.

Risk # 8: Poor Customer Service Some cloud providers have poor customer service, either in the form of response time or professionalism. If you are having any issues with your account or services, be sure to learn about what your options are for getting them resolved.

1.4 Cloud Computing Risks and Benefits

Cloud computing is a good use of technology because it has many advantages over traditional data storage and processing methods. Below are some of the benefits that come with cloud computing services:

Risk # 9: Security For most organizations that have a need to store and process large amounts of data, there is the benefit of not needing a physical server or network to accomplish those tasks. Instead, you can use the scalability and speed of cloud computing services to streamline your processes. In addition, access control can be utilized over uploaded data.

Risk # 10: Cost Savings Cloud computing services often have lower prices than conventional data storage and processing methods. For example, Amazon offers its S3 storage service for $0.023/GB/month with no charge for storing more than 10TB in a given month ($0.12/GB for data storage after the 10TB threshold). In comparison, if you were to set up your own dedicated cloud server and store the same amount of data, you would pay $0.039/GB/month and $0.012/GB for additional storage.

Risk # 11: Focus on the Critical Tasks For small businesses that don’t have a large IT staff or significant capital to acquire expensive equipment or software licenses, cloud computing can be a very useful tool that allows them to focus on their core business objectives instead of needing to invest in maintaining computer systems.

1.5 How to Manage Cloud Security Risks

It is important to remember that the benefits of cloud computing services are not free from risks. As a result, it is critical to have a security plan in place when considering whether or not it is appropriate for your company’s IT infrastructure. This includes:

Risk # 12: Under-utilization and Poorly Designed Applications A large benefit of cloud computing services is that they allow users to access their data from anywhere they have an Internet connection. In addition, cloud servers are designed to be as efficient as possible, so there are fewer overheads on the overall performance of applications hosted on them. However, suppose the applications that you are using on the cloud do not have a good interface or require too much manual input to accomplish tasks. In that case, it will ultimately decrease the usability of your cloud application.

Risk # 13: Poor Data Security Another common risk is that of data security. For example, some organizations may believe that because their data is stored on external cloud storage devices and hosted by a third party, there is no longer a need to encrypt and protect the files from unauthorized access. This increases the likelihood of a data breach because cyber-criminals can easily break into cloud servers and steal sensitive information from them.

Risk # 14: Data Leaks Another risk is the possibility of data being exposed to third parties. For example, suppose your cloud provider is using an Amazon S3 bucket to store your private information, and you store files that are sensitive in nature. In that case, it’s possible that an unauthorized party could discover the bucket. This can happen if hackers can find a way to access your files through your cloud provider’s network, or they simply guess the name of the bucket and then manually navigate their way through the directory structure of its remote servers until they uncover the information they need.

Risk # 15: Disposal of Sensitive Data One of the most serious risks that you should consider is how your organization will dispose of sensitive data. If your organization handles private information with care, it can be stored in a safe, encrypted container on its own secure network within a secure data center. However, suppose it’s necessary for organizations to make use of cloud computing services to receive important data from clients or partners. In that case, there is always the risk that cloud destruction processes are not being followed properly. This could lead to confidential information getting into the hands of unauthorized parties.

As you can see, the benefits and risks involved with cloud computing services vary widely based on each organization’s unique needs and requirements.

Benefits of Cloud Computing Services

A number of benefits come with the use of cloud computing services. Some of these benefits include:

Risk # 1: Improved Efficiency Most data storage and processing tasks are expensive, time-consuming, and require a lot of outlay on the part of businesses to acquire specialized equipment to do them. With cloud computing services, you can save money by offloading these tasks from your direct IT department and using third-party service providers instead. This allows you to devote more time and money to other areas of your business.

Risk # 2: Improved Accessibility With cloud computing services, you can access your stored data from anywhere that has an Internet connection. Since cloud storage devices typically have a large capacity, you can upload all of your company’s files onto them and then access them from anywhere with a computer or smartphone. This allows you to accomplish tasks faster than if you were to try and search for important files in physical locations like office buildings or warehouses.

Risk # 3: Better Scalability When you use cloud computing services, you can increase or decrease the number of services you’re using with very little effort on your part. For example, suppose you suddenly find yourself getting a lot of requests from clients to store large files online that are taking up so much space that it’s causing the performance of your dedicated servers to suffer. In that case, you can quickly make adjustments and upgrade your storage space without needing to invest in additional software licenses for data encryption or backup solutions.

Risk # 4: Better Data Security Cloud computing services provide better data security than traditional server-hosted applications because they typically utilize encrypted, remote storage devices that are protected by password-protected directories.

Load More Related Articles
Load More By Akash Dananjaya
Load More In Cloud Technology

Leave a Reply

Your email address will not be published.

Check Also

Which is the best cloud platform?

Cloud platforms are the latest advancement in digital services. With cloud platforms, user…