Ways to help keep Cloud Security intact in the finance industry

When it comes to the financial industry, Information Security plays a very vital role in keeping the business alive and active. However, in the world of digital privacy, nothing seems to be safe. So, security experts are suggesting to those handling the cloud security posture in the financial industry to be proactive rather than reactive.

And they are suggesting the following preventive measures which according to them could help cloud admins safeguard their business operations from hackers.

Update your passwords on a frequent note- One of the weak links in security is to use the same old passwords which aren’t strong enough to protect your digital assets. This is where a requirement for a strong password arises which not only gives a hard time to hackers to crack the code but on changing it at regular intervals makes it hard for them to guess even with the help of AI propelled machine learning tools. Also make sure to avoid usernames which are related to you, kids, life, family, birthdays, anniversaries, and all. Always use 2-factor authentication to up the ante and use an amalgamation of alpha-numeric characters tucked with special characters while devising a password.

Insecure APIs- the Architecture of Application Programming Interface (APIs) should always be in balance when it comes to security and availability. And to cater to the needs of remote assistance many of the APIs are being operated via the internet to serve the purpose. Here’s where the threat scale increases and to counter them appropriate security practices and protocols should be put in place to alleviate all concerns beforehand.

Insider Threats turn risky- Employees trying to access critical info, human errors and other such fallible factors lead to the germination of Insider threats. So, by limiting people who have access to critical accounts, creating awareness among employees on what to do & what not to do while handling sensitive info, and publishing security protocols to be followed on-premises can help mitigate insider risks to a large extent.

Know the pulse of hackers- Nowadays, hackers are becoming increasingly sophisticated. And so it’s becoming hard to prevent automated threats as it is becoming difficult to pinpoint which organization in what industry will become an easy target to hackers. Therefore, educating yourself on the current cyber landscape promptly and estimating the pulse of hackers might help in keeping your organizational network safe from hackers.

Never underestimate Cyber Threats- As the digital landscape is ever-evolving, so do the hackers. All these days we thought that hackers find it difficult to break into the encryption algorithms as it takes a lot of time to do so. But with the emergence of quantum computing, breaking into advance encryptions can be done in no time. So, better never underestimate the potential of hackers and their sophistication. And always keep your security measures proactive to mitigate the greatest risks in the future.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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