Reducing Remediation Costs Recurring from Data Breaches

Abreast unabated cloud adoption, the cost of security incidents and data breaches are on the surge. Most organizations that have embraced digital transformation are well aware of the data security breaches. However, according to exemplary security breaches of leading tech-savvy organizations, no security measures are completely infallible to incidents. While organizations continue to gather employee and customer data, chief audit executives are highly concerned about governing and protecting it. 

Recently, Gartner conducted surveys of client organizations, from across its network worldwide, for identifying the most vulnerable risks facing audit committees, boards, and executives. Approximately 80% executives believe that organizations will lack competitive advantage unless they utilize their data effectively. Also, over half the organizations worldwide lack a dedicated budget and a formal governance structure for their data. 

What Measures Must Organizations Take to Lower Remediation Costs?

An incident response strategy commonly involves 6 key phases, namely, readiness, detection, containment, elimination, recovery, and insights. In context of reducing the remediation cost of data breaches, the ability of organizations to detect, contain, and spread awareness of the breach in real-time must be their key focus area. Once the awareness has been spread, organizations can forge ahead to ensure the elimination of identified breaches and get their systems up and running.

It is imperative that organizations use technologies that offer complete visibility into the compromised data and relevant events that occurred before incidents. This helps the organizations speed up the detection phase. Organizations must begin with having a concise data inventory, information and secured access to its location, and a methodical presentation of their data. This inventory can be used by organizations in case of impact on a certain server, to make informed assessments of the compromised data.

A robust data classification allows organizations to streamline the process of allocating access to all critical assets. It is imperative that along with a data classification solution, organizations ensure to possess a comprehensive log of events that concern their sensitive data. While organizations adopt such solutions, there involves an upfront cost at the beginning. This helps organizations disclose all details of security incidents to the regulatory authorities in an efficient manner, thereby saving a significant amount of time and money compared to the initial investment.

It’s important for organizations worldwide to take proactive approaches to data breaches. This will help them accelerate response times, mitigating as much damage as possible. Organizations can track suspicious activity in real time, to quickly identify and prevent possible threats, by implementing solutions like Cloudlytics.

To Sum Up

The chief executive officers are also keen on risks circling digital transformation and increasing organizational complexity. It is critical to have a robust risk management platform for organizations to identify, mitigate, and respond to possible disruptions. Unless organizations do not work continuously on reinforcing their risk management, they will keep facing hindrances in recovering and rebounding from inevitable disruptions in business.

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Securing Hybrid Cloud Environments: Essential Know-Hows

Hybrid cloud solutions continue to evolve, helping organizations better leverage cloud services and infrastructure. These have been empowering modern businesses to deliver agility and operational efficiency for on-premises as well as public cloud deployments. Over the past years, the cloud has become an integral part of every business and digital transformation strategy.

Today, in the world of cloud 3.0, business processes are undergoing transformation through the lift and shift of legacy applications, data, and workloads into various cloud environments. Hybrid cloud is the new normal, owing to resource allocation and the willingness to leverage the best-of-breed technologies. Some of these technologies include AI, Blockchain, and self-healing to enhance infrastructure scalability and reliability.

Ensuring Security in Hybrid Cloud

Hybrid cloud enables organizations to leverage the best of both environments, private and public cloud. It empowers them to safeguard their systems from cyberattacks. However, additional measures are essential for security management in hybrid cloud environments, as the overall architecture is a complex blend of private and public cloud deployments.

Risks facing a hybrid cloud network are evolving rapidly, as cybercriminals do so, in parallel, to compromise an organization’s communication channels and vulnerable network endpoints. To understand a hybrid cloud network’s behavior at a given point of time, it is imperative for organizations to maintain a precise risk profile. This is critical for organizations to proactively orchestrate vital risk mitigation measures.

Key Measures to be Taken

Organizations must quantify and evaluate risks facing their migration initiatives associated with the private cloud. It is important that they develop a robust risk profile, identifying resources that help mitigate security challenges within their IT budget. All network end-points and software must be continuously updated with security patches. 

Organizations must constantly monitor the behavior of the network traffic for detecting suspicious activities in real-time. Currently, most businesses are leveraging advanced network monitoring technologies run by artificial intelligence (AI), which correlate potential risk activities with network behavior of their hybrid cloud environment.

Data being the new oil for businesses, they must encrypt their data in transition as well as at rest. It is necessary that organizations use robust IAM capabilities and use cryptographic protocols for secure data transmission throughout the network. Also, most organizations are using SSH network protocols that facilitate communication between network connections that are not secure. It is imperative that organizations communicate inherent data security risks to their end-users and customers.

To Sum Up

The hybrid cloud is already touted by organizations as a viable infrastructure to drive their digital transformation journey. According to Gartner, nearly 75% of organizations worldwide are expected to deploy a hybrid cloud or a multicloud model by 2020-end.

It is evident that security remains a radical impediment for the wide-spread adoption of the hybrid cloud globally. The threat landscape is becoming more and more complex and it is vital that organizations remain in sync with the ever-evolving security technology. This is important for organizations to prepare themselves for or reinforce their cloud migration strategy.

What do you need to make your hybrid cloud environment secure? Consult the cloud experts who have done it for many clients. Book an appointment here

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