There's no shortage of criminals looking to procure sensitive business data. They'll take any opportunity they can to steal information and cause disruption.
As a result, the cybercrime industry is estimated to cost the world over $10 trillion USD annually by the end of 2025. Adhering to industry standards for data use and protection is sometimes difficult. This is especially true for defense industry compliance.
We've written a guide on how using the right cloud security framework can ensure you meet regulations. Let's explore the key information you should know.
Data Protection
Keeping your company's data safe is the foundation of staying compliant. Cloud security frameworks aim to prevent the loss, theft, or unauthorized access of essential data.
They also prioritize data confidentiality, availability, and integrity. The most prominent security measures a framework uses are encryption, data backups, and access control. Listed below are more details about each.
Encryption
This process prevents unauthorized data access. Users will need a private key to decode information and make it readable.
This is a powerful way to safeguard information and keep it out of the wrong hands. Encryption is especially important when moving data to or from cloud storage.
During transit, data is often more at risk. Encryption will provide an extra layer of protection.
Data Backups
As the name implies, this involves archiving data in separate locations to maintain access. Having proper backups could dictate whether you recover from a disaster.
For example, let's assume that a hacker infiltrated your cloud storage system. They caused widespread disruption and destroyed much of your key information.
If you couldn't seamlessly replace this data from a backup, it might be impossible for your company to recover. The average data breach reached a record $4.4 million in 2022.
Access Control
This term refers to a handful of methods. For instance, an access control strategy could use multi-factor authentication and role-based access. It could also include a zero-trust policy.
Regardless of what it consists of, access control aims to verify users before they can view or manipulate information. Although it's a simple process, it can be highly effective for meeting compliance standards.
Risk Mitigation
A solid cloud security framework can substantially reduce risk. It will assess the security architecture as a whole to identify potential threats and vulnerabilities.
One of the best ways to achieve this is through active monitoring. This constantly scans for suspicious activity and takes action as soon as possible.
Under many circumstances, this could prevent an issue from evolving into something much worse. Cloud security frameworks use security controls like firewalls and intrusion detection/prevention systems. They also leverage security information and event management (SIEM) techniques.
Flexibility and Scalability
To stay compliant, your framework will need to remain both flexible and scalable. To clarify, let's assume that your business expands and requires more cloud resources.
A proper cloud security framework can adapt to this change without sacrificing protection. In practice, this allows companies to accommodate rising security threats. Without this level of flexibility in place, companies would experience increased risk as hackers develop new techniques.
Common Cloud Security Threats
Understanding the most common cloud security threats is essential. This will help you prepare for contingencies. Let's look at some of the most notable.
Shared Technology Vulnerabilities
Sharing technology is inherently risky. You can never be exactly sure of what the other person does. Hackers often target technology that has multiple users.
This gives them a greater chance of procuring sensitive information. A common scenario could involve a user accessing cloud data through an unsecured connection. Even a brief situation like this could lead to catastrophe.
Account Hijacking
The threat of account hijacking is why access control is so important. If login credentials are all somebody needs to access data, there's nothing stopping hackers from doing so once they've stolen an account.
Account hijacking often involves social engineering. Phishing techniques are fairly common.
Hackers could pose as a high-ranking individual in an organization, for instance. They could then email employees and urgently request key info. While this doesn't always work, there's a chance that somebody could respond with the desired information.
Malware
This is the most common and diverse way cybercriminals target businesses. Malware comes in many forms, and its design depends on the hacker's goals.
For example, a hacker could use ransomware to extort a business. A robust security framework provides solid protection from malware and educates employees on how to recognize it.
Getting Started
Working with a professional is the best way to get started. They have the resources, tools, and experience to help you overcome common threats. When searching for someone to hire, examine their past reputation.
There should be no shortage of positive feedback from satisfied clients. Look for reviews that mention professionalism, timeliness, and excellent results. This will help you quickly narrow down your potential options.
Consider their pricing structure before making your decision. You often get what you pay for, and it's never recommended to choose the cheapest options available.
You should also ask about miscellaneous fees so you can avoid financial surprises. Do they often work with companies like yours?
Find a service provider that's dealt with similar businesses in the past. This will ensure they understand your company's nuances. Prioritize firms that focus on the defense industry.
To clarify, hiring someone who provides basic managed IT services won't cut it. With enough due diligence, you'll find the ideal choice for your situation.
Prioritize Your Cloud Security Framework
It's imperative to use the right cloud security framework for your business to keep your data safe. This goes a long way toward avoiding issues you may have otherwise encountered. Ensure you work with the right provider so you can hit the ground running.
The team at Hermathena Labs prides itself on helping businesses revamp their cybersecurity posture and meet Department of Defense (DoD) standards. Our expertise in compliance, cybersecurity education, and information technology will provide peace of mind that your data is properly safeguarded. Get in touch with us today to learn more about how we can protect your business.