Disruptive technologies such as cloud computing offer many advantages to organizations. As the technology allows to store data in cloud service providers’ servers, it helps firms to cut IT-related spending. Indeed, sans cloud-computing technology, most organizations, would bear more costs to deploy a network of devices in their IT ecosystem to store data. In addition, it also tends to spur employees’ productivity.
Not surprising then more and more organizations are shifting from legacy, owned-infrastructure to hybrid IT environment or complete public/private cloud environments.
According to McKinsey’s study, switch to cloud computing would accelerate in coming years. The study found that 77% of the firms it surveyed in 2015 had traditionally built IT systems as the primary points for storing data. However, that percentage of deployments would drop to 43% as organizations, mainly large, switch to hybrid IT environment by 2018.
Nonetheless, as it holds true with any other disruptive technologies, cloud computing also comes with a share of risks.
Storing information into services that are accessible from the public internet means that your data always stay under threat from malefactors. There have been many instances in recent past where hackers intruded into systems and stole data stored on cloud.
That risk of potential data breach, however, spirals if data stored on cloud is highly confidential and managed by Privileged Identities. These identities with elevated authorization allows gaining access to an organization’s highly sensitive data and hence hold ‘master-keys’ to your IT assets. If breached it could wreak havoc. Switching to a hybrid IT environment means that your critical data risks potential data breach not only from malicious or disgruntled insiders but also from outside malefactors.
In this backdrop, it’s vital for organizations to safeguard those identities with elevated permissions. Deploying a Privileged Access Management solution could significantly cut risks. This secured password management solution helps blocking unauthorized accesses to privileged identities– in premises or on cloud— from employees, IT administrators, and third-parties such as vendors, contractors, and consultants.
ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behavior Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.
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