Cybersecurity Threats That Could Affect Cloud Computing Services – If a company is considering cloud computing, one of the most frequently cited benefits is the fact that it can help make the company more secure in general. A large number of companies have actually chosen custom cloud computing for their security advantages in recent years. As a result, it may come as a surprise to learn that there are a variety of cybersecurity threats that can cause a variety of problems for cloud-based systems and applications.

So it’s important to understand exactly where your system might be vulnerable and what you can do to reduce the risk. Throughout this article, we’ll cover seven cybersecurity threats that could impact your cloud computing services.

  • Crytopjacking
  • Invasions of personal information
  • Service refusal is a legal term.
  • Threats from within
  • Accounts are Accounts hijacked.
  • Apps that are not secure
  • training inadequacies

Check out Cloud Academy’s Security Training Library if you want to learn more about these cybersecurity topics in-depth! Security labs that allow you to gain hands-on experience with implementing security best practices are included in these Learning Paths, which cover the most popular security tools and techniques. Using a secure, sandboxed environment, the labs will walk you through each step.

Cryptojacking Is a Form of Theft of Cryptographic Keys

Crytojacking is a relatively new type of cyberattack, and it is also one that has the potential to go under the radar if done correctly. In particular, it revolves around the widely used technique of mining for cryptocurrencies such as Bitcoin. This necessitates the use of computing power, and cybercriminals have devised means of gaining access to cloud computing platforms and then using their computational power to mine for digital currencies.
Cryptojacking may be difficult to detect and deal with because of its anonymity. The most significant issue here is the fact that when hackers take computer resources from your cloud system, your operation will be slowed down, but it will continue to function (which is critical)… In other words, it may appear as though there are no nefarious activities taking on and that the computers are just straining to keep up with their processing capacity.
Many information technology teams misinterpret the signs of cryptojacking as a fault in an update or a poor internet connection, resulting in a longer time to identify the true source of the problem.

Breach of Data Security

Cybersecurity threats

The issue of data leaks or loss of data as a result of data breaches is perhaps the most prevalent hazard to cloud computing today. Typically, a data breach happens when a company is attacked by hackers who are able to get unauthorized access to the cloud network or use programs to view, copy, and transfer information.
Data breaches may be incredibly costly if you employ cloud computing services, but they can also happen rather quickly and with little warning. Losing data may constitute a violation of the General Data Protection Regulation (GDPR), which might result in your company being subjected to severe fines.
It’s important to remember that a data breach might result in a variety of problems for your company. Aside from the fines and data loss, you may also lose the confidence of your consumers, and your intellectual property may be taken from your company.

Refusal to Provide Service

In the cloud computing environment, a denial of service (DoS) assault is one of the most devastating risks. These have the potential to bring your cloud services to a halt and render them unavailable to your users and customers, as well as to your employees and organization as a whole.
In order to overwhelm your system, cybercriminals might send a massive volume of web traffic to it, which your servers would be unable to handle. This means that the servers will not buffer and that nothing will be able to be accessible as a result. As a result, if you operate your entire system on the cloud, it may become hard for you to manage your firm effectively.

Threats From Within

The notion of hostile individuals hacking into our systems and stealing data is generally associated with cybersecurity concerns; however, the problem can also come from within the organization. In fact, according to current figures, insider assaults might be responsible for more than 43 percent of all data breaches worldwide.
The threat of insiders can be deliberate – for example, when members of the workforce go rogue – but they can simply be the result of neglect or plain human mistake. It is critical, then, to offer your personnel with training and to guarantee that you are following the conduct of your employees to ensure that they do not commit crimes against the company.
A suitable off-boarding process should also be in place, and this should be checked off your list. This refers to the moment at when someone quits the firm – you must guarantee that they no longer have access to any critical data and that their credentials no longer function in the system. Many firms have been hacked as a result of malevolent former workers seeking vengeance on their employers.

Taking Over Other People’s Accounts

The difficulty of stolen accounts is perhaps the most serious threat to a company that relies on cloud computing technology to operate. If a criminal is able to obtain access to your system through a staff account, they may be able to acquire complete access to all of the information stored on your servers without you even being aware that a crime has occurred.
Hackers utilize a variety of ways to obtain access to accounts, including password cracking and phishing emails. Once again, the goal is to offer your team with the training they need to understand how to reduce the danger of their account being hijacked.
Proper permissions management is one of the ways in which your company may reduce the risks associated with hijacked accounts and other security breaches. This implies that each account within the organization should only be allowed access to the information that they require in order to do their duties. This implies that if a user’s account is compromised, there will be less money available for the criminal to steal.

Applications That Are Not Secure

It is possible that your internal system is quite safe, but that you are let down by third-party programs. It is critical that your team or cyber-security professionals take the time to determine if a third-party service, such as an application, poses a severe cloud security risk before allowing it to be deployed on your network.
Employees should be discouraged from taking matters into their own hands and downloading any applications that they believe would be beneficial. – Instead, you should make it a requirement that each program be approved by the IT staff before it can be installed on the computer system. While putting this in place may appear to be a time-consuming process, it has the potential to significantly reduce the risk of unsecured apps.
In this context, it should also be mentioned that programs must be patched whenever feasible, therefore make sure that this is a regular part of your IT team’s responsibilities.

Inadequacy of Education and Training

The majority of cybersecurity dangers come in the form of external assaults, however this particular issue is the result of a problem that exists within the organization. And this is due to a failure to recognize the seriousness of the danger posed by cybercrime. In order to mitigate the dangers of cyberattacks, it is critical to invest in training – not only for your IT team, but also for every member of your team.
Your staff is your first line of defense against any type of data breach or cyberattack, therefore they must keep up to date on the most recent information and dangers that affect organizations like yours, as well as any new information or risks that emerge. Make time and money available for staff training, and make certain that this training is kept up to date on a regular basis so that your employees are educated about issues that are truly hurting your organization’s operations.
If an organization wants to protect itself from cybersecurity risks, it is no longer sufficient to merely provide new employees with a presentation on phishing emails and the importance of creating a strong password from the IT staff. A wide selection of material that offers theory, technical expertise, and hands-on practice is available through Cloud Academy, enabling organizations to construct organized cloud training courses at scale with ease. Cloud Academy’s Training Library has more than 10,000 hours of training content grouped by job position, platform, and topic, and is available through both individual and corporate training programs.

Hurry Up!