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Cloud Computing | Revamping Strategies | Leader Group
06 Sep 2021

Revamping Cloud Computing Strategies: Mitigating The Most Common Cloud Computing Blunders

“With the rising advent of digital transformation, business practices going digital. And cloud computing services becoming prevalent, mitigating the risks associated with its strategies become imperative.”

Risks and Rewards have always been a widespread phenomenon for a long in any field whatsoever. And when it comes to cloud computing, the same applies here. With the surge in the use of digital practices, where almost everything has taken to cloud services, making the business practices of the organizations going cloud and the business leaders feeling cloud nine. But at the same time it is making the business practices vulnerable to certain risks which are potent enough to make or break any business practice.

Emerging cyber threats such as ransomware attacks on business processes, GPS vulnerabilities in the cyber-physical world, potential siege ware attacks on building management systems are potential; enough to knock down any business organization and its business practices as a whole.

Organizations these days tend to focus primarily on information-security-centric efforts. These efforts are not equipped enough to deal with the effect of security failures on physical safety. As a result, the leading organizations that deploy cyber-physical systems implement enterprise-level CSOs to bring together multiple security-oriented services for defensive purposes and a business enabler.

Cloud computing, these days continues to evolve itself from a market disruptor to the expected approach for IT. However, this has become a basic foundation of any digital business. And many organizations still struggle to optimize this powerful tool and make the most of it due to its risks. According to Gartner’s recent survey, 75% of the organizations using Cloud Services indicate a “Cloud First” strategy. And this is out of the entire organization. Still, ambiguities and uncertainties are hovering around the implementation of Cloud computing into the business practices by the leading organizations.

 

Emerging Risks Associated With Cloud Computing:

 

Improper Implementation:

Most organizations are moving towards implementing Cloud Computing Services in their business practices. Cloud storage services have become an integral part of IT services, making the IT services and system software. The onus of cloud computing services have been a talk of the town for a long time. However, it’s not the service providers that fail at times; and instead, it’s the improper implementation of the cloud services from the clients’ part it fails. This is giving rise to the inappropriate implementation of the cloud computing services.

 

Skill Set Gap:

Continuous spur in the digitalization, the digitization of the business practices has resulted in the rising innovative technologies . The rise of AI, RPA, IoT, and others, resulting in the increasing demand of the skillsets required. Due to the highly technical and specific rising demands of the skill set required for these innovative technologies, organizations may lack the right capabilities to effectively cater to the increasing needs and hence failing to capitalize on the cloud computing platform and the entire business practices.

 

Misuse of Cloud Computing Services:

Just as cloud computing services have good things to offer, threat factors can also use them maliciously. Nefarious use of legitimate SaaS and IaaS offerings affects cloud customers, individuals, and overall business practices in a wholesome manner.

Customers taking cloud computing services are equally vulnerable to the misuse of cloud services via the following distributed denial-of-service attacks as crypt mining, phishing, click fraud, and pirated content, among others.

 

Compromised Data Security:

Although the advantages cloud computing comes with, there are a few disadvantages, such as data leakage, data breach, and the rising vulnerability of data being stored incorrectly, leading to compromising the data security. However, recent regulatory changes, such as GDPR, and growing organizational scrutiny, make the business practices scrutinizing data security more quickly.

 

Revamping Strategies to Mitigate the Blunders:

 

With advantages of the Cloud Computing Services comes the risk associated with it. The risks that are taken into consideration to mitigate from becoming Blunders. Revamping the Strategies to mitigate these Blunders is something that Organizations need to Focus on:

 

Assessing the Cloud Risk by understanding the Cloud Culture:

Cloud service providers assess the risk involved in implementing their services by emphasizing their ease of use and flexibility.

While a few organizations focus on building an all-new infrastructure to develop the business model for implementing cloud service solutions, most organizations go for understanding their risk appetite with their existing infrastructure. In contrast, they go for cloud services deployment in their organizations.

 

Preparing in Advance:

Keeping yourself abreast with the ongoing trends and failures of cloud computing is something every organization needs to take care of. When you are prepared in advance, you get a service solution to implement in time and an effective cloud transformation service.

 

Reducing Risk with Zero Trust Models:

The zero trust model is an IT security strategy that mandates an organization, every user, system, or device inside or outside its perimeter to be validated and verified before connecting to its systems. Hence making the organizations taking such practices helps in avoiding existing risk threats. And also help in mitigating the potential of upcoming risk blunders.

 

Bridging the Gap:

Few organizations think about allocating a specific budget for cloud computing services. And a few possess the inclination to build data centers, develop all their software and infrastructure on-premises, and implement them. The onus lies in bridging the gap between the two and effectively increasing the focus on implementing cloud computing services.

 

Conclusion:

Cloud Computing Services are not only limited to the simple storage functions but are also taking over more enterprise functions every year, expanding itself to core functions like ERP and now to the cloud. The risks associated with cloud computing services are also rising, making organizations vulnerable to investing heavily.

However, the guidelines for disclosing cyber breaches will soon become more clearly enforced. And, it will make cloud comuting a mandate, compelling the organizations to release breach information much quicker than in the past. This will help in mitigating the most common cloud computing blunders. The mitigation measures, coupled with the confidence among the organizations to invest in cloud computing services, will only pave a brighter future in Cloud Services in the days to come.

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