Top 7 Cloud Computing Security Risks to Watch for and How to Tackle Them

Cloud computing has become an essential part of modern business operations, allowing organizations to store and access data, applications, and services on remote servers. However, as more businesses adopt cloud technology, the risks associated with cloud computing security are also increasing. According to a report by McAfee, the use of cloud services grew by 50% in 2018, and during the same time period, 83% of organizations experienced a cloud security incident. This statistic highlights the need for businesses to understand the top cloud computing security risks and how to tackle them.

In this blog post, we’ll explore the top cloud computing security risks and provide some tips on how to tackle them. You’ll learn the risks associated with data breaches, misconfigured cloud resources, insider threats, and more. We’ll also share some statistics on the impact of these security risks on businesses.

By the end of this blog post, you should have a better understanding of the potential security risks of cloud computing and some best practices for mitigating them. So, let’s dive in and explore the top cloud computing security risks and how to tackle them.

Top 7 Cloud Computing Risks & Ways to Tackle Them

Top 7 Cloud Computing Risks & Ways to Tackle Them

1. Data Breaches

Cloud providers store vast amounts of sensitive data, and a data breach can lead to significant financial loss and reputational damage. Data breaches can occur through a variety of methods, such as phishing attacks, malware injection, and exploitation of vulnerabilities in cloud infrastructure. They can also occur due to human error, such as accidental exposure of sensitive data.

Tackling Data Breaches

To tackle the risk of data breaches, businesses should implement strong access controls, such as multifactor authentication, to ensure that only authorized personnel can access sensitive data. Encryption of data both in transit and at rest can also help prevent unauthorized access. Businesses should also monitor their cloud infrastructure for suspicious activity, such as unusual login attempts or changes in data access patterns.

Another key aspect of preventing data breaches is establishing a clear incident response plan. The incident response plan should outline the steps to take in the event of a data breach, such as who to contact, how to contain the breach, and how to communicate with affected parties. Regular testing and updating of the incident response plan can help ensure that it remains effective over time.

2. Misconfigured Cloud Resources 

Cloud resources are often misconfigured, which may leave them vulnerable to attack. Misconfigurations can occur in many different areas, such as network security groups, access controls, and encryption settings. Causes of misconfigurations include human error, lack of understanding of the cloud environment, and miscommunication between different teams responsible for cloud infrastructure.

For example, consider an improperly configured network security group (NSG) in Microsoft Azure. An NSG is a virtual firewall that can be used to filter network traffic in and out of Azure virtual machines. If an NSG is misconfigured, it can allow unauthorized network traffic to pass through, potentially exposing virtual machines to attacks.

If an NSG is configured to allow traffic from any source IP address, it can allow attackers to bypass network security and gain access to virtual machines. This situation can occur if an NSG is not properly configured to only allow traffic from authorized sources, such as a specific IP address range.

Tackling Misconfigured Cloud Resources 

To tackle the risk of misconfigured cloud resources, businesses should conduct regular security assessments to identify potential misconfigurations. Steps should include reviewing security logs, examining network traffic, and using automated tools to scan cloud resources for misconfigurations. Once misconfigurations have been identified, they should be remediated quickly to reduce the window of vulnerability.

3. Insecure Interfaces & APIs

Providers offer cloud interfaces and application programming interfaces (APIs) that allow businesses to manage their cloud resources. However, these tools may be vulnerable to attacks if they are not properly secured. If attackers can exploit vulnerabilities in cloud interfaces and APIs, they may be able to gain access to sensitive data or compromise cloud infrastructure.

Tackling the Risk of Insecure Interfaces & APIs

The best and most effective way to secure interfaces and APIs is to follow security best practices for development and management. These steps can involve using secure coding practices, such as input validation and output encoding, to reduce the risk of injection attacks. Businesses should also ensure that APIs are properly authenticated and authorized, and use encryption to protect sensitive data in transit.

Apart from securing APIs, businesses should also monitor API activity for suspicious behavior, such as excessive API calls or unusual patterns of API usage. By monitoring API activity, businesses can quickly detect and respond to potential attacks, reducing the risk of data loss or infrastructure compromise.

4. Malware Infections

Malware infections are a significant cloud computing security risk as malware can be used to steal sensitive data, disrupt business operations, and infect other systems connected to the cloud environment.

Malware infections can occur in several ways in a cloud environment. The most common methods include the following.

  • Email attachments and links: Malware can be attached to or embedded in email attachments or links, which can infect a user’s device or the cloud environment when clicked or downloaded.
  • Web-based attacks: Malware can be downloaded to a user’s device or the cloud environment via infected websites or advertisements.
  • File sharing: Malware can be hidden in files shared on cloud storage or collaboration platforms. When a user downloads the file, the malware can infect their device or the cloud environment.
  • Unauthorized or vulnerable software: Malware can be introduced into the cloud environment through unauthorized software installations or vulnerable software with known security flaws that can be exploited by attackers.
  • Insider threats: Malware can be introduced into the cloud environment by insiders with malicious intent or unintentionally through human error, such as failing to follow security protocols.

Tackling Malware Infections

To prevent malware infections, businesses should implement a range of security measures such as anti-malware software, network segmentation, access controls, and employee training on security best practices. Businesses should also stay up to date on the latest malware threats and work with their cloud service provider to implement security measures that are appropriate for their specific cloud environment.

5. Account Hijacking 

Account hijacking occurs when an attacker gains unauthorized access to a user’s account in a cloud environment. This situation can occur via several methods, including phishing attacks that trick users into revealing their login credentials, weak passwords that are easily guessed or cracked, or vulnerabilities in the cloud environment’s authentication or authorization mechanisms. Once an attacker gains access to a user’s account, they can use it to access sensitive data or systems, launch further attacks, or cause other security incidents.

Tackling Account Hijacking

To tackle this risk, businesses should take a multi-layered approach to security that includes a combination of physical, technical, and administrative controls.

Strategies that businesses can implement to reduce the risk of data breaches include the following.

  • Encryption: Encryption is the process of converting data into a code to protect it from unauthorized access. Businesses can use encryption to protect sensitive data both at rest (stored in databases or other storage systems) and in transit (sent between systems).
  • Data classification: Data classification involves categorizing data based on its sensitivity or value, and then applying appropriate security controls to each category. For example, highly sensitive data such as financial information or personally identifiable information (PII) may require stricter access controls or encryption.
  • Access controls: Access controls are used to restrict who can access data, applications, or systems in a cloud environment. Businesses should implement strong access controls that ensure that only authorized users can access sensitive data.
  • Regular security assessments: It is important that businesses conduct regular security assessments to identify vulnerabilities and gaps in their security posture. These evaluations should include penetration testing, vulnerability scanning, and risk assessments.
  • Employee training: Employees can be a significant source of risk in a cloud environment. Businesses should provide regular training on security best practices and policies to help employees identify and respond to potential security threats.
  • Incident response plan: Businesses should have an incident response plan in place that outlines the steps to be taken in the event of a data breach. The plan should include procedures for detecting, containing, and removing the breach, as well as for communicating with affected parties and regulatory bodies.

6. Insider Threats

Insider threats occur when an employee or contractor with authorized access to a cloud system or data misuses that access for malicious purposes. Risks can include theft of sensitive data, sabotage of critical systems, or other forms of cybercrime. Insider threats can be intentional, such as when a disgruntled employee seeks revenge against an employer, or unintentional, such as when an employee accidentally exposes sensitive data through human error.

Tackling Insider Threats

To mitigate the risk of insider threats, businesses should implement strong access controls, monitor user activity, and provide regular security training to employees. Additionally, businesses should have incident response plans in place to quickly detect and respond to insider threats when they occur.

7. Compliance and Regulatory Issues

Compliance and regulatory issues in a cloud environment are significant concerns for many businesses. As more data and services are moved to the cloud, businesses need to ensure that they are complying with relevant laws, regulations, and industry standards. Failure to do so can result in legal and financial penalties, as well as damage to a business’s reputation.

Some of the prominent, yet common, compliances and regulations businesses have to adhere to can include data privacy laws such as the General Data Protection Regulation (GDPR), the Health Insurance Portability and Accountability Act (HIPAA) for healthcare data, and the Payment Card Industry Data Security Standard (PCI DSS) for credit card data. Additionally, businesses may need to comply with industry-specific regulations, such as the Federal Risk and Authorization Management Program (FedRAMP) for government cloud services.

Tackling Compliance and Regulatory Issues

To ensure compliance and regulatory issues in a cloud environment, businesses should work closely with their cloud service providers to ensure that they are meeting all relevant requirements. Measures to take should include ensuring the secure storage and transmission of data, implementing appropriate access controls, and performing regular security assessments and audits. 

Additionally, businesses should strive to keep up-to-date on relevant regulations and standards, as well as work with legal and compliance experts to ensure that they are fully compliant. By taking these steps, businesses can ensure that they are meeting all necessary compliance and regulatory requirements and protecting themselves from potential legal and financial penalties.

Mitigating Cloud Computing Security Risks

In conclusion, cloud computing provides numerous benefits to businesses, such as scalability, flexibility, and cost-efficiency. However, it also presents several security risks that organizations must be aware of and take measures to mitigate. The top seven cloud computing security risks include data breaches, insider threats, inadequate identity and access management, insecure APIs, denial-of-service attacks, and insufficient due diligence. 

To tackle these risks, businesses must implement robust security measures, such as encryption, multi-factor authentication, network segmentation, and regular security audits. By adopting a proactive approach to cloud security, organizations can enjoy the benefits of cloud computing while protecting their valuable assets and maintaining their reputation.

In today’s fast-paced business environment, it’s essential to ensure your cloud solutions are secure and protected against potential threats. At InApp, we specialize in developing secure cloud solutions that minimize cloud security risks. With our team of dedicated security experts, we ensure that our cloud solutions are thoroughly checked for vulnerabilities, providing you with peace of mind. To learn more about how we can help your business develop secure cloud solutions, visit our cloud development services page and schedule a consultation with our team today!