The Short Answer.....
Just as keeping data on physical servers has security risks, so does storing data on the cloud. Here are some examples:
Data Breach: A data breach occurs when someone who is not authorized to access your data gains access to it.
Data loss: A data loss occurs when your data in the Cloud is deleted due to factors such as technological failure or carelessness at any step of data processing or storage.
Account hijacking: Data on the Cloud, like traditional servers, may be taken through account hijacking. In reality, cloud account hijacking is commonly used in cybercrimes including identity theft and unlawful impersonation.
Service traffic hijacking: In a service traffic hijacking, your attacker first obtains access to your credentials, then utilizes the information to understand the online actions that occur in your domain, and last uses the knowledge to redirect your users or domain visitors to malicious sites.
Insecure application program interfaces (APIs): When Cloud APIs are made available to third parties, they might pose a significant security risk. If API keys are not adequately protected, they might be used as a point of entry for hackers and hostile elements.
Poor choice of Cloud storage providers: A security failure on the part of the Cloud storage provider is a major security problem for enterprises. It is critical to select a reputable and knowledgeable Cloud service provider who understands what they are doing.
Aside from the aforementioned concerns, there are some common threats that apply to both the Cloud and traditional data storage systems, such as a DDoS assault or a malware attack in which your data in the Cloud becomes vulnerable since it is shared with others and in other places.
Some Cloud security mechanisms that SMBs can invest in to keep their data safe
Cloud firewalls: Much like the firewalls you deploy for your local IT network, Cloud firewalls work to prevent unauthorized Cloud network access.
Penetration testing: Penetration testing is a sort of a Cloud security check where IT experts try hacking into the Cloud network to figure out if there are any security lapses or vulnerabilities that could serve cybercriminals.
Obfuscation: In obfuscation, In order to prevent any fraudulent action, the data or program code is intentionally obfuscated so that the system only delivers ambiguous code to the original creator.
Tokenization: Tokenization, is the process of swapping sensitive data for one-of-a-kind identification symbols that keep all of the data's necessary information while maintaining its security.
Virtual Private Networks (VPN): Another, more commonly used mechanism is the VPN. VPN creates a safe passage for data over the Cloud through end-to-end encryption methodology.
It is crucial to invest in a strong Cloud security system, Cloud security goes far beyond antivirus software, firewalls, and other anti-malware technology. You must choose the best MSP and work closely with them to build a Cloud security solution that works for you.
Data Storage Solutions Come With Intelligent Data Services That Efficiently Store Data.