Researchers from CCS Insight say that Cloud Computing may provide better security against cyber threats which the companies are looking for nowadays. And that’s because it helps security operations respond quickly to threats and focus on business risks which otherwise would have made CIOs and CTOs spend countless hours just researching for cyber threats and trouble shooting them on legacy on-premises systems.
Recently, Kaspersky Lab found in its survey that a single ransomware incident can cost a company more than $713,000 on average. That’s due to the costs of paying the ransom related losses, such as the value of lost data, the expense of improving IT infrastructure and repairing the brand image.
Here, despite knowing the fact that a cyber security incident can break a business, most companies are not fully prepared to address the threat still. The reason could be a lack of awareness of what is happening in the cyber space, lack of awareness on what should be done when an incident occurs or the fear of extra expenditure.
Hence, the above-said factors are leaving a gaping hole in the security of businesses, according to Adam Nash, EMEA Regional Manager of Cyber Security Firm Webroot.
Nash feels that SMBs can no longer afford to ignore threats to their businesses by putting security risks on the back burner.
Adam says that it’s high time for them to start engaging with the issues and trends affecting the industry.
Philippe Very, a senior professor at EDHEC Business School, suggests that cloud computing can prove financially safe for a company than investing on cyber security software & infrastructure on their premises.
Mr. Philippe views that a secure cloud computing provider can keep all of a business information almost 100% safe as they have good internal practices to do so.
Remember, in recent years, Cloud Computing has become an attractive proposition for companies, as it has the potential to reduce costs.
So, businesses who are worried to keep their critical data safe on their premises can go for an SLA with a secure cloud services provider. Surely, the move will help them become worry free when it comes to their data assets and thus helps them focus on other business issues.
Note- Cloud Computing is nothing but a process of using remote servers via the internet to store, share, manage and process data, rather than a local server or a workstation.