Cloud computing is transforming rapidly, and so are the security threats and challenges. Cloud computing is used to store, share data, applications, and workloads. The use of public service cloud is becoming prevalent and target for malicious actors.
The cloud security threats reported last year were due to low ratings: denial of service, shared technology vulnerabilities, and cloud service provider data loss and system vulnerabilities. Given below are a few cloud security issues.
Data breaches are the most significant cloud security threats which can cause reputational and financial damage. The data breaches could result in loss of intellectual property (IP) and significant legal liabilities.
Lack of cloud security architecture and strategy
Lack of proper architecture and strategy is also a threat to cloud security. As the firm uses could security infrastructure and strategies which are not specifically designed for the business, so it takes time to migrate data from the system into the cloud.
Firms should align the goal and objectives with security architecture and have a proper security architecture framework. They should have a threat model up to date.
Insufficient identity, credential, access, and key management
Inadequate access management and control around data, systems, and physical resources like server rooms and buildings is a new threat to cloud security. Firms need to change their identity and access management according to cloud security.
Not changing the identity of a business as required by the cloud may lead to inadequately protected credentials and a lack of scalability. It may lead to the failure of multi-factor authentication and password.
Account hijacking is one of the largest cyber threats to cloud security. The risk of account hijacking by a malicious actor to a highly privileged account is becoming more targeted with the increase in phishing attempts. The cybercriminal uses different ways to attempt access to accounts, and a phishing attempt is one of them. The cybercriminal can also get access by compromising the cloud service by stealing them in different ways.
To avoid the cloud threat, a firm should not reset the password when a malicious actor steals the account credential. Instead, they should address the root causes. A firm should have a defense-in-depth approach, and active IAM controls in place to deal with irregular activities.