How Important Is Cloud Computing in Securing Data?

Cybersecurity, computer network security or information security is basically the protection of networks and computer systems from outside information compromise, theft of computer/software/ peripherals, and harm of the services that they offer. The common methods used to protect networks and computer systems are Intrusion detection system (IDS), network monitoring, and firewall. Intrusion detection system (IDS) is a security solution which helps in the identification and avoidance of security threats through the detection and reporting of such events. Network monitoring is a process by which network administrators can detect, evaluate, and manage networks and computer systems; and firewall is a common utility used to control traffic between two end-points by regulating the amount of traffic allowed to flow through a given connection.

A recent study reveals that the number of credit card frauds is growing at a rapid rate, as experts warn that there is still room to raise the security measures for credit card users. According to the survey, more than nine out of ten cyber criminals use such services for the financial fraud. Similarly, most of them steal the sensitive data such as passwords, credit cards numbers, and other confidential, personal information. Therefore, if you are using a public internet connection for your business, it is highly likely that your business is at risk of being a victim of cyber crime, especially if you store, process, and transmit sensitive data over the internet.

Many companies are now moving towards cloud services and integration of infrastructure with private cloud services to address this issue on its own. However, experts opine that there is still a huge scope for improving existing cybersecurity. They opine that only 10 percent of companies who use cloud services have successfully secured their data. In other words, only half of those who use cloud services for protecting sensitive data have got their systems secured, and almost half of all companies that use cloud services for combating cyber crimes are yet to take the right steps to secure their systems. Hence, it is imperative that companies implement a comprehensive solution for combating cyber threats and protect themselves from external threats, such as hackers.