World Cloud Security Day 2024: Enhancing Your Organization’s Security Measures

Apr 03,2024 by Manish Singh
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Worldwide, today, April 3rd, 2024 is celebrated as World Cloud Security Day. The event is a stark warning to all businesses that they need to look critically at their digital security systems and make sure they are solid and up-to-date. 

Anuj Bairathi, CEO at Cyfuture Cloud, notes that no matter what type of business, cloud computing is getting to be a necessity. Firstly, the exposure of this opportunity means cutting infrastructure costs, enhancing accessibility and easing procedures.

In the recent time, we could witness the nightmares about the data breaches, when no one wanted to be online and every financial transaction system fell to pieces. That is why, corporations must have highly experienced cybersecurity experts to safeguard the systems and networks being used.

According to report publish in Economic Times: It was even then reported by the South African Banking Risk Information Centre (SABRIC) that total number of cyber attacks escalated in 2023 at 22%.

The modern day cloud technology cannot pass without having a deep understanding of the latest cloud security technologies and learning how to put in place safeguards to protect information that is clearly sensitive. Welcome to Cyfuture Cloud-on this day let’s explore what are the latest trends and threats in cloud security.

Let’s get sarted!

How Organization Can Ensure Cloud Security Cover?

To make sure cloud security is robust, organizations should use a thorough plan. Here are some tips from Cyfuture Cloud experts to keep your cloud secure:

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1. Adopting Strong Authentication Measures

Employ multi-factor access authentication (MFA) and rigorous password standards in order to improve access control and avoid unauthorized access to the Cloud.

2. Implementing Encryption

Encrypt data into its resting and transit form to ensure the safety of classified information from an illegal entry. This is to ensure that even if data has been intercepted, the intended recipient stays unaware of the lacking decryption keys.

3. Regular Security Audits and Compliance Checks

Conduct recurring security audits and compliance assessments that will help to understand all possible risks. Plus, make sure the customers use systems in accordance with the rules and requirements set by the legislation.

4. Continuous Monitoring and Threat Detection

Developer considerable monitoring functions as well and these systems would keenly eliminate and mitigate any security harasses. In the event of real-time monitoring, a business will be able to act quickly as a result of spotting of the unusual activities and contemplated breaches

5. Data Backup and Disaster Recovery

Create a regular data backup protocol and disaster recovery plans. Data loss or system failures might not be devastating if put into effect. Limiting the risk of data downtime in case of any major incident by keeping backup copies in secure states, away from the original site.

6. Employee Training and Awareness

Ensure that the employees can understand the data threats that exist by providing them with comprehensive cybersecurity training so as they can browse safely and be committed to security policies. Employee awareness appears to play pivotal role in promoting organization’s security profile.

7. Vendor Risk Management

Make sure that the security measures of cloud service providers and brand partners you plan on using are up to standard before gaining their services. Enact the canons of contracts through which it is possible to let down a duty of security responsibility between the parties but on a regular basis to check whether vendor complies with the security standards.

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8. Regular Software Patching and Updates

Secret your cloud infrastructure, applications, and systems by applying security patches as well as software updates in a timely manner. Patch management consists however in correcting the known flaws and thus in mitigating the risk of abuse by the worst institutions.

9. Implementing Security Automation

Utilize automation techniques and security orchestration to simplify security procedures, fasten the moment of attack detection and decrease the level of human failure. Augmentation enables the productivity and success in the security process. The two main ways are deep learning models and computer vision.

Let’s consider the following stats on the cloud security market in southeast Asia, as per statista’s market report:

1. Revenue in the Cloud Security market is projected to reach US$2.31bn in 2024.

2. Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 37.93%, resulting in a market volume of US$8.36bn by 2028.

3. The average Spend per Employee in the Cloud Security market is projected to reach US$0.66 in 2024.

4. In global comparison, most revenue will be generated in the United States (US$962.2m in 2024).

Market Landscape and Trends

The development of cloud security busts into the market like a storm, which is influenced by many trends. Cloud security market has been expanding for a long time because more companies, whether big or small, have been opting for adopting the cloud technology.

Similarly, major industry players participate in this market to offer advanced cloud security systems. The areas of cloud security solution include data encryption, identity and access management, intelligent threat detection and response, compliance management and other functionalities. 

The authorities and the regulatory bodies are imposing the strict rules for the organizations and companies concerning data privacy and security. This in turn is making companies to spend more towards the implementation of a cloud based security to adhere with the law and avoid astronomical fines.

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A zero trust architecture model is also gaining traction as an optimal solution for cloud security and it necessitates clear identity verification before granting access to any resources within an organization on a private network. 

Moreover, with the growing incorporation of AI and machine learning technologies in cloud security solutions, these assist threat detection capabilities. The technologies can be used to review and analyze patterns, detect monitored anomalies and respond to threats within short time.

Typical Cloud Journey Drivers, Challenges & Outcomes 

Cloud Security Market in India

The cloud market in India is being driven by:

  • Digital India: India has over 48.08 million registered users on DigiLocker (October 2020 -DigiLocker.gov.in), USD 24.3 bn digital payment transactions (January 2019 – Meity Report2) and multiple digital platforms such as UPI, eKYC and Aadhaar. India is amongst the top 2 countries on many dimensions of digital adoption such as smartphone adoption, internet subscribers, etc.
  • Smart City: With multiple projects to push smart cities across many states, cloud adoption has rapidly increased in India. Smart cities have multiple projects such as – smart transportation, smart security, smart grid, e-Government initiatives, smart parking etc. that depends on data centers and cloud-based services.
  • Private sector: The pandemic has pushed many organizations to adopt remote working solutions for business continuity. To ensure business continuity in the new normal, organization are shifting focus from CAPEX to OPEX leading to acceleration in cloud adoption.

Note: Global cloud security market is expected to grow at CAGR of 23-25% from 2019 to 2027 and is expected to reach USD 37bn by 2027.

Partner with Cyfuture Cloud for Secure Solutions

We are aware that there are many companies out there claiming that they provide all-around cloud security. However, the reality is that companies still do not sleep peacefully over the cyber threats. That is why it is such a huge decision to choose the appropriate service provider. There, that’s where we step in! Join us; tell us about your needs and allow us to earn your trust before we discuss the terms of the business contract. 

So, are you ready to chat about securing your cloud? Join us today and team up with India’s leading cloud provider.

Thanks for reading our blog. Let’s celebrate WORLD CLOUD SECURITY DAY together.

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