According to Breach Level Index 4,996,388 records are stolen every year, 208,183 every hour, and 3,470 every minute. This is a huge number – and that means we are not addressing cyber security issues as we should.
As businesses, it is our obligation to protect all the data we receive. And yes, we use data for everything: for statistics, growth analysis, customer databases, customer financial information, customer trends, etc. Having access to this data is fantastic as it allows us to process payments, direct offers to customers, keep financial and contact information for our client base, and even touch base on social media. Truth is that the effective use of data allows a business to achieve its fullest potential and quickly. But with this use of data comes responsibility.
It’s Safe. It Is All In The Cloud
Unfortunately, cyber security is an afterthought for most organizations. After all, there is no reason to worry, the most confidential data is kept in the cloud. And cloud providers encrypt the data anyway, right?
Yes, very few organizations house their data in-house, and most business IT equipment is not equipped to handle large amounts of data. So your business is probably storing the most important information in the cloud. But just because you store it offsite does not remove your responsibility for protecting this information as best you can. Remember the statistic we listed at the beginning of the article? Something is still wrong for these numbers to be so high. The fact of the matter is that cloud encryption is no longer enough. You have both a regulatory and commercial obligation to keep customer information, sales, and analytical data safe.
The Cloud Provider Does Encrypt But…
The problem with the cloud lies in the key.
Commercial cloud storage systems encode data with a special key, known as an encryption key. Hold on. Did you say ‘key’? Exactly! This is a key, and without it, the files look like gibberish. But keys can be stolen. When it comes to cloud storage, the key takes on the form of a password, which allows data to be locked or unlocked. And that key, along with other important information, is held by the user (usually on the enterprise system). Are you getting my point here? Keys are stolen all the time, and if someone else gets ahold of the key it can result in a huge data compromise.
Take Extra Steps to Protect Your Data
You must ensure that all of your business data is kept safe. And relying wholly on cloud storage encryption may not be the answer. To maximize cloud storage and enterprise cyber security, it’s best to combine various encryption approaches. For instance, before uploading data to the cloud, you should first encrypt it using specialized encryption software you either find as an open source tool or purchase for added cybersecurity. A few types of encryption software options include Cypherix Cryptainer PE, or InterCrypto CryptoExpert 8. These types of cyber security programs offer additional security for files or data that remains on the enterprise system – or even for data to be loaded into the cloud environment.
Use Real-Time Cyber Security Analysis
And of course, an additional way to protect all of your data, both the information you store on your computer systems, as well as that which you store in the cloud, is to implement a big data solution that addresses cybersecurity processes. Software solutions like ArcSight offer insight into security threats in real time. This type of software allows you to track, organize and view and act on cyber attacks occurring on your personal business computer systems as well as your cloud operations in real time.
In The End…
All data – whether stored in the cloud or on an enterprise server – faces significant cyber security issues. And it is important that all businesses, large or small, address the need for better encryption processes.
As the person responsible for your enterprise data security, it is vital that you implement state-of-the-art cyber security strategies to improve data security and protect all of your business data.
If you would like more information, contact LP3. We will be glad to help you make an informed decision on cyber security for your business or organization.
Scott Lawler is CEO of LP3 and provides enterprise cyber security architecture advice to government and commercial clients.