Cloud Storage is the new hot trend in the tech world, and every tech company has taken it up to some extent. From Samsung storing contacts, messages, and call logs in your Samsung Account to the crazily innovative smartphone company Nextbit Robin eliminating most of the storage on the smartphone, leaving the only option for storage being the cloud.
Cloud Storage Services and Service Providers
The cloud is a computer owned by a service provider, also called a ‘hosting company,’ which is constantly connected to high-speed internet and stores a user’s data in a portion of storage allocated to that particular user. The storage disks used by the vendors to provide cloud storage can be spread over multiple physical locations. The storage space is bought or leased by organizations and individuals. A computer scientist, Joseph Carl Robnett Licklider, brought the innovation forward in the 1960s when he was working on ARPANET. Many different companies later began the idea of providing cloud services, but the scale was pretty small. The real boom came in 2005-2006 when several services such as Dropbox, Smugmug, and Pinterest started to provide cloud storage services to individuals and businesses. Cloud services became very popular as they made digital storage an operating expense relatively cheaper than the capital one it was. They also ensured that the data was backed up if anything went wrong. However, with the rise in the popularity of Cloud storage services came security concerns. Indeed, companies did not want to hand over private and confidential data if there was a risk that the data’s safety would be compromised. This compromise led to the phenomenon that many people in the world discuss today as Cloud Security.
The Concept of Cloud Security
With more and more people utilizing cloud storage services, a rising concern among users is the safety and security of their private data. Service providers claim to provide fool-proof security for user data stored on the cloud. However, many critics of cloud storage have demanded that cloud vendors provide insight into the methods of protection used, often accusing vendors of not taking adequate measures for cloud security. Data on clouds may be susceptible to theft and misuse as hackers use various methods to break into cloud accounts. They can even break into the cloud computer, compromising the security of all data in the cloud. In recent times, there have been a high number of reports of data breaches on cloud servers. These breaches make companies cautious when trusting cloud vendors with sensitive company data. It also makes it necessary for vendors to take several security measures to protect the data present on cloud servers. However, a study about cloud storage by IDG enterprises indicates that many organizations have started to trust cloud vendors with their data.
The Cloud Storage Industry Needs Transparency
However, the study also supports the fact that organizations have concerns about transparency with their service providers. The reason being is that, although vendors say that they have state of the art cybersecurity measures, they don’t reveal anything about those measures. The study also suggests that IT managers would be better able to trust vendors if they can show that they are in full compliance with corporate requirements. The survey goes on to further emphasize the importance of cloud vendors being transparent about their security practices. It is seen that many enterprises support the idea of integrating security into the system development life cycle and that cloud security patches should be updated regularly. There can be multiple ways that vendors can gain the trust of organizations and show that cloud security is a concern. Measures could range from conducting onsite audits to verifying the background information of the employees that they hire. However, demanding such a transparent system is pretty difficult for small and medium-sized businesses, while it is easier for larger organizations to demand transparency from cloud storage vendors.
Despite that, the study also claims that IT managers are not ready to fully accept cloud storage facilities until and unless vendors agree to meet the corporate world’s compliance requirements. The fact that there have been a high number of data breaches in recent times means that IT managers are expected to be cautious when trusting cloud vendors with sensitive company data. Cloud vendors must increase the number of security measures they take to protect data on clouds.About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.