What are the Security Risks of Cloud Computing?

What are the Security Risks of Cloud Computing? The interests of businesses are increasing towards cloud computing by each passing year. Still, there are many companies who are resistant to choose this technology because of the security concerns attached to it. According to a well-known magazine, companies have lost more than US$ 50 billion due to data breaches in the past five years. There are lots of threats that need to be taken care of with cloud.

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Security Risks of Cloud Computing

In this post, we will talk about the security risks of cloud computing in detail so that the readers understand what they exactly are. Have a look at the major ones below in detail:

  • Unauthorized Access

The biggest threat that cloud users have to worry about is the unauthorized access to their data. The hackers prefer living life that doesn’t involve any hard work. That’s why they target small business and normal users as their data is easier to breach.

Data from millions of businesses are aggregated by cloud services. So, there is always a chance of losing data to hackers.

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  • Contractual Breaches

There are contracts due to which a restriction on data and its authorization among the business parties. The contracts can get violated if a member of the team moves the restricted data into the cloud without permission. It can result in legal actions that should be avoided at any cost.

For instance, the copyright for sharing data that can be added in the cloud is maintained by the provider with third parties. There are certain terms and conditions in the service, so breaching any of them can hurt the users.

  • Malware Infections

There are chances of cyber-attacks in cloud services because of the immense amount of data stored in the cloud and usage of the internet. As we all know, there is an internet connection used for storing data that open the gates for many hackers.

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  • Customer Trust

The trust of customers can get hurt badly due to data breaches. A recent incident happened on the Target Services, where data of more than 40 million customers get stolen. It can make the customers stay away from Target stores that can directly harm the legacy and business of the company.

Moreover, there is a solid decline witnessed by such businesses that ultimately affect their revenue.  The reason behind that is customer trust gets broken, and they will think plenty of times before mentioning their details on such platforms.

  • Data Separation

The resources are shared on all types of cloud-based services that are written on the servers of providers along with many other components on the infrastructure. Virtual containers are created using hypervisor software on the hardware of the provider for all the customers.

However, the emergence of recent security issues has resulted in checking compartmentalization techniques like data encryption. It may result in creating the separation of data that can be a problem for many users and even companies. It is one of the most well-known security risks of cloud computing.