How Are Compliance Costs Lower Than That Of Non-Compliance

Organizations begin preparing for compliance soon as they deploy their infrastructure on the cloud. While cloud compliance covers myriad regulatory requirements, such as the General Data Protection Regulation (GDPR) and Personal Data Protection Act (PDPA), it ensures cybersecurity underlined by best practices to be followed by organizations.

Compliance, similar to a robust cybersecurity framework, is a key enabler of business and its absence instills heavy monetary impacts in the case of both on-premise and cloud deployment. What is the cost of compliance? Are organizations saving costs by remaining non-compliant? Understanding this is imperative in the world of modern business where cyberattacks continue to grow sophisticated.

Non-Compliance Cost And Its Repercussions

Several organizations had rationalized the non-compliance cost to be lesser than it is needed for bringing data and technology processes under compliance. However, the impact of non-compliance cost is jaw-dropping compared to the cost of compliance with regulations such as PCI-DSS, HIPAA, GDPR, and so on.

Recent years have seen high recommendations for compliance regulations to prevent legal implications, consequences regarding business reputation, and possible fines. A prime example of penalty would be the case where RBI charged 4.5 Cr INR to IndusInd Bank for non-compliance with certain regulations. As regulations evolve and emerge, organizations look to move critical systems, infrastructure and applications to the cloud.

It has been witnessed that the demand for audit evidence requests is increasing and organizations, one in six times, are found non-compliant. This has resulted in huge fines when screened by third-party auditors. The majority of organizations believe that compliance becomes a problem while moving systems, infrastructure, and applications to the cloud. They think that challenges come to the fore while dealing with IT security compliance in the cloud.

Remain Compliant to Save Cost

With compliance violation costs growing exponentially, phasing into compliance becomes a smart move for organizations. Key components that add up to compliance costs include

  • Data Protection: Enforcing data usage norms and preventing data loss or leakage.
  • Certification: Ensuring that the business remains certified and up-to-date against all necessary compliance regulations.
  • Assessments: Inspection and examination of the current state of infrastructure for implementing the compliance framework as needed. 
  • Security Investments: This involves, data encryption, data loss prevention, and governance. Investments into technology solutions enable facilitated transformation of organizations, strengthening their compliance posture.
  • Policies: Developing policies within an organization helps develop the structure required for complying with different regulation frameworks.

Leading cloud security and compliance solution providers, such as Cloudlytics, help organizations manage everything from risk identification to mitigation. Whether organizations need to outsource the management of their infrastructure or simply seek system optimization, vendors offer personalized solutions that enable cost savings while ensuring the infrastructure to be an asset and not a liability.

To Sum Up

Compliance costs are significantly lower than that of non-compliance and leveraging technology solutions helps reinforce the process further. Holistic approaches are necessary for ensuring data compliance, security, and protection. As key functionalities of businesses evolve, surrounding malware protection, data usage, and backup, and audit applications, a number of AI-driven compliance solutions are coming to the fore. These solutions help shore up compliance programs, thereby avoiding risks and preventing costly repercussions of non-compliance.

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How is Network Security Different from Cloud Security?

As the majority of businesses extensively embrace digital services, threat factors are becoming sophisticated in stealing data by compromising systems. From filtering traffic to validating access, cloud security solutions safeguards organizations from all these cyber threat factors by building an array of authentication rules. The traditional security measure, network security, on the other hand, ensures data security through computing parameters.

Among numerous trends and innovations governing business development across the globe, cyber security is seen as a top priority. Also, organizations are constantly prowling to ensure they maintain pace with cyber security developments. However, while doing so, it is imperative for organizations that they fundamentally understand the difference between the cyber security types, among which network and cloud security remain predominant.

Cloud Security Vs Network Security – Key Differences

While cloud security offers wider protection, including information, data, applications, and computing environment, network security solutions involves a bunch of practices and policies that monitor and prevent unauthorized data access or modification. Created by using numerous segments of equipment and programming, network security converges just on protecting networks.

Both network security and cloud security have few overlapping nodes of events. They both demand highly advanced features, constant monitoring, and increasing storage space for maintaining a resilient security environment. However, when seen as different entities, there is a potential harnessing various benefits regarding cloud based security. 

  • The pinnacle of the software and hardware blend, network security solutions ensures protecting databases. Also, the data under network security is difficult to access by the cloud security environment.
  • Various challenges are associated with network security, as it involves use of both software and hardware, which results in the high cost of maintenance. Cloud computing security, completely nesting in software, significantly ebbs the cost parameter.
  • Cloud security is highly permeable, allowing flexibility in the development of security systems. Using best practices and techniques, organizations are allowed to make their cloud security as complicated as they desire for ensuring data protection. This is highly challenging in the case of network security.
  • Network security solutions relies on authorization systems that demand network administrator access on every instance of data access by users. This helps organizations secure networks while overseeing and protecting operations. Cloud security, on the other hand, prevents unauthorized data access, DDoS attacks, malware, and hackers that target systems.
  • While cloud security works on identity and access management, web application firewalls, and encryption, network security brings together multiple check barriers at all layers using controls and policies of protection. 

Cloud security radically transforms network security enabling security against attacks and maintaining regulatory compliance while providing agility, updates, and physical protection. However, it is vital for organizations to understand that cloud security is a shared responsibility that involves participation of both cloud service providers (CSPs) and themselves.

To Sum Up

Cloud security, without doubt, is the preferable choice for organizations to keep their data safe. Unlike network security, cloud security delivers greater cost, control, and safety benefits. To utilize enhanced security options, organizations must focus on partnering with the right service providers that provide seamless transition with advanced features.

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Transparency Of A Cloud Service Provider

The global cloud infrastructure is nothing but addressing data requests of organizations from across the world. The opaque nature of the cloud industry has been a disadvantage for organizations and they have been continuously searching for transparency for assessing vendor claims and mitigating financial risks. The cloud service providers (CSPs) have been making efforts to offer organizations the right information and help them make informed decisions driven by data.

Trust has been the foundation of relationships between leading cloud technology providers and organizations. Being transparent about products and services is the  reinforcement of that foundation. The cloud service providers are therefore committed to transparent sharing of information to solidify their relationships with organizations. Organizations look for transparency into the supply chain for assessing the sales claims of CSPs and mitigating financial risks.

The Need for Transparency

There have been concerns among organizations regarding clarity with their CSPs. A key reason behind this is that the CSPs do not unveil anything about their claims of the state-of-the-art security measures. Organizations will be better able to believe in their cloud service provider if they clearly represent that they are in compliance with their corporate requirements. Being transparent in their practices is of utmost importance for CSPs.

There are multiple ways where the cloud service providers can gain loyalty of organizations. These measures range from verifying the background information to conducting onsite audits . However, realizing a completely transparent system is challenging, particularly for SMEs, unlike large organizations who can demand transparency from their cloud service providers. 

It has been seen that organizations are still reluctant to completely deploy their infrastructure on the cloud, as they look for CSPs to fulfil compliance requirements of the corporate world. Also, the growing number of data breaches in recent years has driven organizations to be cautious about putting trust in their cloud vendors regarding their sensitive data.

There is an urging need for clarity in every contract on issues that influence and raise concerns among organizations worldwide. The onus remains on CSPs who are expected to take measures for providing greater transparency about poor performance and service disruptions. These measures must further be backed up legally for gaining trust among potential consumers of cloud services. The real challenge is in wordsmithing the legalese. From the perspective of technology, to deliver SLA transparency clauses, application performance technologies are required to enhance visibility in operations and systems.

How Can Transparency Be Achieved

The cloud service data, when collected through automation with the help of software APIs, enables effective comparisons of the services. However, this approach is still at its nascent stage. As cloud computing continues to evolve and gain high popularity in the market for enterprise IT deployments, new industry analysis techniques are emerging for understanding the supply chain of cloud services. 

Listing the cloud services with software automation will prevent exposure of capabilities that are internal to organizations and their operations. This can be a good start for organizations and cloud services providers to achieve transparency.

The Must-Follow Cloud Security Principles for Organizations in 2021 and Beyond

As organizations across the world continue their digitization efforts, it has become clear to them that security must be ceaseless rather than security-as-a-stage implemented at the end of operations and development lifecycles. The security technology, particularly the security principles and functions, are advancing in parallel. Organizations are aware that securing their data and then safeguarding it is an important responsibility.

Navigating the spectrum of cloud security in an ever-changing landscape of regulations while following the security principles is a challenging task. The more complex the infrastructure of an organization is, the more difficult it is to maintain compliance as regulations evolve. It is imperative that organizations balance their need for securing data with the cloud’s flexibility.

Cloud Security Principles that Organizations Must Focus On

Being transparent about security practices helps organizations strategize a successful approach to cloud security. Following are some important security principles that must be considered while designing and implementing the cloud  security roadmap.

Protecting the Data in Transit

The networks that transition the user data must have a robust protection against eavesdropping and tampering. A combination of encryption and network protection helps organizations achieve this. It helps them arrest the attacker’s ability to compromise data and read data.

Protecting the Data at Rest

Ensuring unavailability of the data to unauthorized users with access to the infrastructure is a must. The user data must be protected irrespective of its storage media. Inadvertent disclosure or loss of data could be the risk if proper measures aren’t put in place.

Asset Protection

The assets that store or process the user data need protection against any seizure, damage, or tampering. Key aspects to consider include equipment disposal, data center security, protecting the data at rest and in transit, availability, resilience, and data sanitization.

Securing the Data Center

Cloud services require physical protection against reconfigurations, tampering, unauthorized access, and attacks. Physical security is completely offered by leading cloud providers, which encompasses a broad range of attestations and certifications. Improper protection measures eventually result in data alliteration, loss, or disclosure.

Sanitizing the Data

The process of migrating and provisioning resources must not lead to any unauthorized access to the user data. Improper data sanitization results in data retention, inaccessibility, or data loss.

Disposing Equipment

Equipment used for delivering services, once they are at the end of their lifecycle, must be trashed in a way that doesn’t compromise the user data and the security framework. Therefore, CSPs make it a point that the equipment disposal is ensured as a top responsibility.

Resilience and Availability

The level of resilience in security varies, which impacts their operations in the case of an attack, incident, or failure. Lack of availability can undermine the whole security strategy, which potentially prolongs regardless of business impacts.

User Separation

The security strategy must not allow any compromised or malicious user to affect the sensitive data of another. There are some factors that affect user separation. These include the location of separation controls implemented, data sharing, and the degree of assurance in implementing separation controls.

Securing the Operations

The operations and their management must be highly secure to identify, mitigate, or prevent attacks. A good operational security doesn’t mean that a complex, time-intensive process must be followed. Key elements to consider here are change management, configuration, proactive monitoring, incident management, and vulnerability management.

Governance Framework

The security governance framework must coordinate and direct the management of the framework within it. It must do so in order to undermine any deployment of technical controls from outside the framework. An effective governance framework ensures continued technical and physical controls throughout the lifetime of the security roadmap.

To Sum Up

There are many challenges and areas for advancement in cloud security, and security principles can help the organizations fill these gaps. All users and organizations themselves must be well aware of threats that lurk in the cloud security landscape. Organizations must plan well for balancing their cloud security budget and activities with user convenience and time-to-market.

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