Cloud Computing Security: What happens to the data when a cloud service provider goes bankrupt?

SaaS business model is completely cloud-based, in that, the SaaS organization will host its SaaS applications, saas software, and SaaS products, online, lastly, there is a risk that cloud computing will increase in cost, as people and organizations become more dependent on it.

Technical Teams

Even though some people consider cloud implementations to be more secure in certain aspects than traditional deployments, other aspects are often considered less secure and more of a risk, conflicts between security teams and development also create unnecessary friction, conversely, typical cloud standards and technical standards that address the cloud provider controls and guidance aimed at the cloud service provider.

Pressing Data

Cloud Computing Security enables users to quickly process large amount of data without high network bandwidth requirements or need to invest in high-performance computing infrastructure, large data centres generally have comprehensive security measures in place, and heavy restrictions on who may enter the premises, besides, from the perspective of the cloud service provider, the most pressing security issue involves protecting its back-end infrastructure from outside attackers.

Current Infrastructure

Additionally, data controllers that want to leverage your enterprise cloud solution also need to ensure that the provider is only using the data in the provision of the service, to that end, cloud computing agreements have some similarity to traditional software licensing agreements, and often have more in common with hosting or application service provider agreements. So then, no matter how much of your digital presence is in the cloud, you have to ensure your service provider has the best security measures in place to protect its infrastructure from the current cyber threat landscape.

Locally Devices

The availability of data if there is a catastrophe, if the cloud service provider goes out of business or if the user decides to switch cloud service providers also are concerns, locally acquired, processed and stored data exposes edge devices to never-ending security intrusions. And also, apart from cost and the features provided, here are a few things you should consider while selecting a cloud service provider to migrate.

Cloud computing can represent a net gain in data security and system reliability – especially for small businesses with aging computers and data stored on hard drives that rarely — if ever — experience a back up, your system allows a sender to send an encrypted message to a receiver through a cloud storage server, hence, if something happens to your cloud instance, the cloud provider can very quickly and easily create a new instance for you.

Numerous Requirements

When you move to the cloud, your service provider allows you to follow a pay-as-you-go model based on your needs and the number of users, in a well crafted effort to meet the ever changing demands and challenges that come with security requirements of all cloud computing operations, consequently, trojan viruses are a form of malware threats that infect computers and other devices in numerous ways.

Managing Years

Managed service providers have really taken off in recent years, partly due to the boom in cloud computing, data needs to be encrypted at all times, with clearly defined roles when it comes to who will have to be managing the encryption keys, then, once your organization has purchased a SaaS software from a provider, the provider has the responsibility of hosting, updating maintaining the code as well as the products on the cloud.

Want to check how your Cloud Computing Security Processes are performing? You don’t know what you don’t know. Find out with our Cloud Computing Security Self Assessment Toolkit: