There are several data loss risks in cloud storage due to factors such as security and compliance issues, as well as hacking and malicious deletions.
As the public cloud storage continues to grow, consumers must be aware of the risks associated with service. The global market is expected to grow farther as the cloud allows customers to cut operational costs while improving reliability without investing heavily in in-house hardware.
Advantages of cloud storage
Cloud storage and service provides business and other customers with flexibility, convenience, and scalability. The services are accessible from any location and using a wide variety of device including mobile phones, tablets, laptops, desktops. This can be standalone or integrated into local area networks as well as wide area networks where workers in remote locations can access the same service.
This allows the employees to collaborate and share data without being physically in the same place. Additionally, the company does not have to invest heavily and manage an in-house data center. This frees up the resources and employee’s time for managing the system.
Data loss risks in cloud storage due to Compliance and security
Unless your cloud provider can confirm the physical location of your data, compliance with a certain country, industry and/or company rules may be near to impossible.
With data and services spread across several networks and locations in different countries, compliance becomes a challenge for cloud computing clients.
The security and compliance for a specific company can only be guaranteed if the cloud storage provider can confirm the physical location where the data is stored.
Top data loss risks in cloud storage for business
Some of the factors that increase data loss risks include but not limited to
- Users uploading data
- Snooping
- Key Management
- Cloud Credentials
- Data Leakage
- No Control over Data
The typical data loss occurs due to
- User error: where users accidentally or overwrite or delete data
- Hacking: where outsiders get into the business systems;
- Closing accounts: when the subscription expires or cloud provider closes down, some do not care about the stored data
- Malicious delete: where users intentionally delete company data.
- Third-Party Software where a third-party tool or application overwrites critical data.