The Security of Cloud Computing and its Benefits

Cybercrimes are on a continual rise. The losses they continue to cause companies have perpetually been in billions. Per reports, global cyberattacks have increased by about 35-40 percent from 2021 to 2022. We are yet to unfold what 2023 has in store!

But the good thing is companies haven’t given up. They are embracing newer and more secure forms of cybersecurity measures to ensure they keep their digital assets safer and prevent potentially catastrophic instances like data theft and breaches.

Cloud computing has emerged as an effective preventive cybersecurity measure. Many companies of varying business sizes worldwide are moving their data to the cloud. Per reports, the global cybersecurity market will likely surpass USD 75 billion by 2026, from about USD 30 billion in 2021, exhibiting a phenomenal CAGR of nearly 14 percent during the forecast period. Let’s look at what will potentially drive this exponential growth.

5 Benefits of Cloud Computing Security

Cloud security essentially protects cloud-based applications, services, and data via technology, governance policies, well-defined processes, and accessibility controls. Switching to cloud computing security offers numerous benefits. Let’s look at five of the most vital ones to understand why companies should move to the cloud.

1. 24/7/365 Security

Cloud computing security ensures round-the-clock security. Expert cloud architects ensure the deployment of security across multiple endpoints throughout the network. They integrate matured processes and ensure continuous visibility, 24/7 monitoring, and real-time tracking of threats hovering over your network. Active monitoring, proactive measures, and traffic disbursement can help minimize and prevent DDoS attacks.

2. Increased Scalability

Cloud computing security solutions are scalable to stay responsive to demand fluctuations and to adjust security coverage, capacity, and costs. Cloud computing security scales up the server’s capacity during high-traffic hours to prevent it from crashing. But once the demand resumes normalcy, the charges also are reduced. It helps companies save costs as they pay high charges only when during peak traffic hours.

3. Improved Regulatory Compliance

The repercussions of ignoring or non-adherence to regulatory compliance could be severe, especially in regulated industries. But cloud computing solutions from the top providers help resolves regulatory compliance concern. These providers customized cloud computing solutions to take care of an industry’s regulatory standards and compliance needs via enhanced infrastructure and managed security services.

4. Enhanced Data Security

Data breaches and data theft are among the most significant concerns across the cybersecurity realm. A detailed look at some of the biggest data breaches and leaks of 2022 may leave you stunned and help you understand the havoc data leaks due to an incompetent data security model can wreak.

But the most effective cloud computing security solutions have data security as part of their design. They have security protocols and policies like solid access controls and data encryption to restrict unauthorized people from accessing confidential data.

5. Pay-Per-Use Model

With a cloud security model, you pay only for what you use. You scale up and down whenever you need. It helps save a lot of cost as against making upfront investments, in which you pay a particular amount, regardless of whether you use a service.

Need a robust cloud computing security solution specific to your company’s needs? Connect with FidelSoftech. We are cloud experts with extensive experience in cloud computing and helping companies secure their digital environment. Please write to us at sales@fidelsoftech.com to learn more about cloud computing security solutions.