What are the security risks of the cloud computing?

Share on facebook
Share on twitter
Share on linkedin
Share on email
security risks in cloud computing

Stay up to date

Stay up to date with the latest threat reports, articles & mistakes to avoid.

Simple, yet important content.
No salesy pitches and all that, promise!

The technological change of the 21st century has seen rapid growth in the innovation and fastest adoption of cloud computing. It is now considered the most ingenious solution that removes the idea of having a data centre by helping businesses meet their needs virtually in the most cost-effective, efficient, and productive way. 

Cloud computing has become a fundamental part of every business and its IT strategy in a short span.

Businesses of every category are increasingly migrating to the cloud services and depending on it for their day-to-day task and needs, but in between meeting the operational demands, they often overlook the security posture of their cloud based assets. To understand the security risks of cloud computing. It is essential to learn what cloud computing is and what services it offers.

What is Cloud computing?

In definition, cloud computing is described as the on-demand delivery of computer system resources through the internet. It includes resources such as data storage, servers, network, software, etc. Cloud computing offers users and companies to use virtual hardware and software to store, access, and retrieve information remotely via the internet. 

Types of cloud computing models

There are three types of Cloud computing models:

Software as a Service (Saas): It is a cloud-based service model that offers software accessibility via an Internet browser. In it, subscribers pay to use software virtually instead of downloading or installing it on desktop, PC, or business network. 

Examples of Saas are Microsoft office 365, Dropbox, Google workspace, etc.

Platform as a Service (PaaS): In PaaS, the cloud service provider (CSP) or third-party vendor allows the subscriber to develop, run and manage the application or software over an on-demand platform without the need of infrastructure to create or build the software/application.

Examples of PasS are Oracle, TomCat, Google App Engine, etc.

Infrastructure as a Service (IaaS): It refers to the cloud service model that offers overall hardware and infrastructure as a service. IaaS enables businesses to have on-demand resources for accessing, monitoring, networking, and storage, and other services instead of having various hardware and solutions.

Examples of IaaS are Amazon Web Services (AWS), Microsoft Azure, Google Compute Engine (GCE), etc.

What are the security risks of cloud computing?

Following are the most common cloud computing security risks that many businesses and organisations face due to a lack of cyber security measures and strategy in their cloud migration process.

Misconfiguration issues

It is one of the most significant security risks of cloud infrastructure. A small misconfigured component can have a big impact on cloud security and lead to a ripple effect on the security issues in other assets.

In 2018, an American multinational delivery service company named FedEx suffered a data breach due to a failure in the third-party public cloud service provider that resulted in exposing 119000 scanned documents of FedEx. Cloud misconfiguration mainly occurs due to a lack of secure configuration on cloud applications and ecosystems. Amazon S3 bucket leakages is another example of misconfigured assets.

The following are some of the few components that lead to the misconfiguration security issue in cloud computing.

  • Publically accessible or misconfigured Simple Storage Services (S3) bucket. 
  • Absent or improper configured IAM policies
  • Unencrypted AMI
  • Unrestricted outbound access
  • Lack of least privilege rule
  • Unencrypted token or keys

Insecure API

In cloud computing security, the APIs are the backbone of processing and are designed to facilitate data access and integration. If not combined securely, the same APIs can impose a high security risk on a line of communication through MITM (Man-in-the-Middle Attack) and exploitation of the sensitive data in the cloud. 

The primary reason that serves the layer in insecure API is improper cloud security design policies, lack of authentication and access control mechanism with wrong dependency chain of APIs. By following OWASP API Top 10 risks, API security can be added to the cloud applications.

Denial of Service (DoS/DDoS)

With businesses utilising more cloud services to run their day-to-day operation, denial of services attack risk has become a severe security threat to the overall cloud computing environment. 

A successful DoS (Denial of Service) or DDoS (Distributed Denial of Services) attack can fail a variety of cloud services and resources, resulting in disrupting the cloud availability, performance, and service level agreement between the cloud service provider and its customer.

Data sharing

When cloud computing became handy, the hassle of storing data, files and later sharing them with individuals or groups became more accessible and convenient. But with the same, it introduced the confidentiality and integrity risks on cloud computing. 

People can share data and files externally via email or a publicly accessible link in a cloud ecosystem. 

This feature for reaching out the file with the URL shared on public visibility can have multiple security risks on cloud computing assets. Any attacker who gets the URL by any means of a cyber attack or breach can invade the shared data privacy, confidentiality, and integrity.

Account hijacking

It is one of the important and severe security risks of cloud computing. A stolen credential of a hijacked cloud account has multiple consequences, from producing unauthorised access to impersonating. The account hacker can carry off the data exfiltration, fraud transactional activities, or compromise the customer integrity that can later commence the owner to pay a hefty fine to regulatory compliance in case of confidential information or personal data leak.

Supply chain vulnerabilities

In cloud security issues, supply chain vulnerabilities play a significant role in data loss. Nevertheless, it is the sole responsibility of CSP, but it imposes high cloud security risk to the overall ecosystem. 

As, today, more businesses are opting for SaaS and PaaS services and a few to IaaS services, it has become a source of attraction to sophisticated threat actors. Suppose attackers manage to compromise a single vulnerability in the CSP. In that case, they can penetrate the whole CSP customer’s cloud infrastructure and access sensitive data to misuse or take hostage for ransomware.

Data Loss or theft: Cloud computing shares the convenient and accessible data storage mechanism, leaving behind the necessity of on-prem or hard drive data storage requirements. This triggers concerns regarding data loss/leakage and theft. Cloud-based file sharing and storing services are accessible via the public internet and contain important confidential information that is not meant for public release. Suppose any attack befalling the cloud provider or the customer through any means of security attack can jeopardise the whole data confidentiality. 

Besides the cyber attack, data loss can also occur in the form of natural disasters, humane error, or other damage to the cloud service provider (CSP).

 Data privacy compliances: This remains a significant security issue of cloud computing for many businesses. Data protection rules and regulations such as PCI DSS, HIPAA, GDPR, etc., take the organisation liable for processing and protecting the customer’s personal data stored in the cloud. While using cloud services, sensitive data migrates to third-parties cloud service providers and often relies on their data and cloud security strategies

With every information stored and accessible online, it takes a minor glitch to cause a data breach and violate the compliance requirements. This is why it is considered that for many organisations meeting the compliance standard is one of the most significant clouds computing security risks because the cloud service provider might not have the same security policies. 

Discuss your concerns today

Accidental credential exposure

Usually, the cloud has a one-time log in policy required to access the entire cloud environment. In some cases, it requires account credentials confirmation before granting access to a specific document or application. To obtain the certificates, threat actors often go after sending forged messages and phishing emails to the targets in order to push them open a link or attachment that requires them to confirm a username or password.

Thus, it gets easy to gain access or any employee or cloud customer credentials of cloud services.

Cloud Visibility

Since the customer does not own cloud infrastructures, it increases the risk of cloud computing because of the lack of visibility and control issue. Because of the multi-tenanted cloud environment and privacy concerns, cloud service providers have all the rights reserved. In contrast, the cloud customers have no or minimal visibility below the level of their acquired ecosystem that masks many security threats.

The lack of cloud visibility and controls affects the businesses and impose risks by not monitoring the breach of compliance and other security issues such as MITM attack.

Lack of access control policies

In cloud computing, access control and privilege is another high security risk. Due to a lack of user access control policies, there are high chances of data theft or data leak. You might not be aware, but any employee can steal or copy the confidential data available on the cloud for themselves or any other malicious purposes. Similarly, they can take advantage of accesses already granted to them in their personal or external individuals’ favour.

With appropriate access control policies and monitoring, businesses can regulate permission and reduce the cause of data breaches or theft cost that may impact the business in terms of time, money, or reputation.

Insider Threats

Malicious insiders can be current or retired employee, contractor, vendor, or anyone with authentic and authorised access to your cloud environment. The insider attack usually comes in the form of sharing legitimate access to others or leaking sensitive data, and it remains a significant security threat to the cloud infrastructure. By deploying the cloud environment, businesses lose track of traditional security solutions and services, and that makes it difficult to detect malicious inside activities or incidents because of inside attackers.

The best way to avoid this is by constantly auditing and managing file sharing, access permissions, and identifying unusual activities.

Malware

Malware has remained a significant security issue in all digital areas, including cloud computing. Attackers inject malware to control user information to steal or modify data, change or reverse cloud services functionality, or hostage the target. They infect the cloud modules including virtual machines with malicious services implementation through application attack vectors such as XSS or SQL attacks. 

Once the malware is successfully deployed, it redirects the user to implanted services to execute the malware on the user cloud application.

Shared responsibility

There is this myth that migrating to cloud computing removes the pressure of traditional security problems and automatically ensures security controls and privacy. Contrary to this, the security of cloud computing is the shared responsibility of the cloud service provider and the client.

The majority of cloud service providers take the dedicated approach to ensure cloud security. However, those countermeasures are of no use if the cloud customers do not implement security to secure sensitive data and access at their end. 

Security measures to reduce cloud security risks

Regular third-party checks

It is important to identify gaps in the security controls on regular basis. This ensures all blind spots are checked and corrected to avoid any unnecessary attack surface. Cloud security assessments such as cloud penetration testing, AWS security testing, Azure testing or SaaS security assessments should be undertaken on regular basis. At the least, an annual assessment or upon major changes, security validation exercises should be considered to find out weaknesses in your cloud infrastructure.

Secure hardening practices

Ensure technical security baselines are in place and secure hardening ensures security controls before any assets are released in the production environment. At the very least, an organisation can start with CIS benchmark/compliance guides to ensure cloud security baselining is in place. This not only adds to the proactive approach of the organisation from the early days but also ensures a multi-layered data security approach.

Discuss your concerns today

Encryption

Encryption is more than a certificate on your website. It also involves making sure that data at rest and in transit are secure. This can be difficult due to the lack of resources or developers trying to reinvent the wheel, therefore, it is important to ensure encryption secure configuration checklists and standards are in place before production builds.

Multi-factor authentication

Two-factor authentication (2FA) must be added as an extra authentication factor to access cloud accounts. This will help reduce the likelihood of account compromises by a great deal whether it is an insider attack or a credential leakage concern.

Secure backups

It is imperative that you routinely perform secure backups (at data centres or separate cloud storage location) to ensure your files are not lost. This may be provided as a feature by your cloud service provider, however, you should test at the least how the restore function works to ensure it works when you need it.

User training

User education and training are even more important with remote connectivity and cloud technologies usage. Training your staff regularly on the digital risks, cloud security concerns in this case helps to ensure staff understand the need to protect assets from accidental events such as phishing attacks and social engineering attacks.

Conclusion

Your cloud infrastructure is as important to your business as the physical security of your office. But it’s not just about limiting access and securing your network – you need to be proactive in identifying all potential threats before they happen so that you can take preventative measures and mitigate risk. You also want a provider who will proactively monitor for any breaches or vulnerabilities, identify them quickly, and fix them before anything bad happens.

At Cyphere, service quality underpins everything we do – 24/7/365! We have been doing this for years with on-premise infrastructures; now we’re expanding our managed services to include cloud computing security issues because we know how essential data protection is for businesses today. Get in touch to schedule a call.

Table of Contents

BOOK A CALL