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September 06, 2016

Is Cloud Storage a Good Idea?

It’s the question every business leader is asking: Is it a good idea to use mainstream cloud storage services?

The answer may surprise you.

There is no denying that the cloud is convenient, and cost-effective. Most leading cloud providers offer fast, maintenance-free file management services at affordable prices.  

There's a catch, though, to using the cloud. Not all applications are secure enough for use in an enterprise setting. Just one in 10 cloud applications are secure enough for enterprise use. And 15 percent of business applications have been breached by hackers at the login stage.

Dropbox, for instance — a top file sharing service — recently suffered from a major hack. About 68 million records were compromised.

As you can see, using a mainstream cloud service is risky even though most companies claim to be secure.

But why?

Cloud networks contain troves of valuable data, spanning multiple companies and industries. For this reason, they are constantly bombarded by hackers who are looking for easy entry points like weak passwords or system vulnerabilities. Most cloud providers lack the resources to see and respond to the large volume of threats they encounter. It’s common for threats sneak by unnoticed, and cascade into much larger issues.  

So unfortunately, business leaders invest in cloud services thinking they are taking the secure route when in fact they are entering into a hotbed for cybercrime.

On top of that, they often learn the hard way that it’s very easy to lose control over information in the cloud. Storing and transmitting files in the cloud creates a silo between end users and the IT department. This makes it impossible to track and protect information on a daily basis. 

The last thing your business needs is for employees to be storing sensitive data in private, cloud-based accounts. This is particularly true for companies that operate in highly-regulated industries like healthcare and finance, where visibility is critical for regulatory compliance purposes. We are now seeing many businesses — like Morgan Stanley —banning cloud-based file systems for security reasons.

Getting back to the original point: Should your business use mainstream cloud-based storage systems?

You would be much better off storing your data closer to home, either onsite or with a trusted managed services provider (MSP), and protecting it with encrypted backups.   

While this strategy won't completely shield your data from cybercrime, it will make it harder for hackers to discover your organization. Hackers will have to specifically seek out your network if they want to attack your company.

Plus, with the help of an MSP like Apex Technology Services, you can receive all of the great features that you would expect from a cloud provider – like constant network monitoring, rapid response troubleshooting and critical updates.

A new breed of hacktrepeneurs has awoken and they have little to fear and everything to gain by infecting as many companies as possible and extorting money from them. Apex Technology Services stands ready to protect your company regardless of whether it’s located in New York CityWhite Plains, New York; Connecticut; Australia; Europe; or anywhere else. Our full suite of cybersecurity and IT support services is at your disposal, enabling you to spend less time worrying about and more time growing your business.

In addition, our new Cybersecurity Compliance Certification for law firms will help keep your legal practice from becoming the next Panama Papers victim. This baseline cybersecurity audit for the legal industry should be considered seriously by all law firms.

Apex Technology Services
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