For many businesses, the allure of the cloud has seen a transition of IT infrastructure to remotely managed computer resources that promise convenience, ease of use, and safety. Yet, with the 2017 data breach of Capital One who invested heavily in a cloud operating model, many fear the call to move to the cloud may be a siren song.
These fears, it seems, might be derivative of the lack of control companies have over public cloud infrastructure with IT professionals involved far less in the upkeep of systems than if storage and computing resources were kept in-house. However, it is for this very reason that cloud infrastructure has seen a booming adoption rate as small businesses take advantage of newly available resources without investing in physical infrastructure. It doesn’t hurt that a majority of these systems are managed by the “big players” of the tech-world in Amazon, Google, Microsoft, etc. that invest heavily into providing secure solutions for their customers.
If anything, the fact that companies like Capital One, AT&T, and Apple have moved entirely over to the cloud speaks not only to its value in providing convenience in operation, but to the overall security capabilities provided within cloud infrastructure. Certainly, these companies have sufficient resources to invest in the data centers and technical hardware to individually store and secure their environments, but the cloud-while certainly not a digital cure-all for the woes of technology and cybercrime- offers additional benefits.
Capital One, as well as any modern company storing private and/or confidential data, is not immune to targeted cybercrime and cloud-based solutions do not eliminate the need for controlled IT environments wherein they can be effectively managed. In fact, as much as one might fear an outside threat, it can be small things like file transfers, email opens or employee policies that cause damage to your organization.
If you provide SaaS (Software as a Service) or directly handle client data, you can contact Boulay’s Risk Advisory team to receive information related to your risks and the next steps to take. Whether you require a SOC2 report or Risk Assessment, Boulay is here to make the complex simple as we help you get there…