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Brian Nadzan

Enhancing Cloud Security: Controlling Access and Improving Observability




Using the cloud is not a new conversation, in fact, nearly 95% of enterprises1 use cloud services as of 2023. However, cloud services are still a vulnerability for companies; 45% of breaches are cloud based2 and eight out of 10 businesses have experienced at least one cloud security incident in the last year. This creates the pressing need for robust cloud security measures.  

Securing cloud infrastructure is not just about building walls. Below are three ways to improve cloud security against potential threats: access control, safeguards and observability.

 Controlling Access to the Cloud Environment:

  • Identity and Access Management (IAM): Implementing strong IAM policies is the first line of defense in cloud security. This defines who can access resources and what actions they can perform.

  • Multi-Factor Authentication (MFA): Enforce MFA to add an extra layer of security. Even if someone gains access to login credentials, MFA can prevent unauthorized entry.

  • Role-Based Access Control (RBAC): Assign permissions based on roles within the organization. This ensures that individuals only have access to the resources necessary for their job functions.

  • Regular Audits: Continuously review and audit access controls to identify and rectify any inconsistencies or unauthorized access.

  • Least Privilege Principle: Follow the principle of least privilege, granting the minimum level of access required for each user or system.

Technological Safeguards Against Bad Actors:

  • Intrusion Detection Systems (IDS) and Intrusion Prevention Systems (IPS): These systems can detect and prevent unauthorized access or suspicious activities in real-time.

  • Firewalls: Deploy firewalls to monitor and filter incoming and outgoing traffic, effectively blocking malicious actors.

  • Encryption: Encrypt data both in transit and at rest to ensure that even if unauthorized access occurs, the data remains protected.

  • Security Information and Event Management (SIEM): SIEM tools help in aggregating and analyzing security alerts, aiding in the detection of potential threats.  

Enhancing Observability:

  • Logging and Monitoring: Implement comprehensive logging and monitoring solutions to keep track of user activities, system events, and security incidents.

  • Behavioral Analytics: Use AI-driven behavioral analytics to detect anomalies and patterns indicative of security breaches.

  • Incident Response Plan: Develop a well-defined incident response plan to swiftly respond to and mitigate security incidents when they occur.

While it may seem like a negative outlook, it’s essential to assume that someone may eventually breach an organization’s defenses. Because of this, putting a strong emphasis on observability and detection mechanisms is crucial. By controlling access, adopting advanced security technologies and enhancing observability, organizations can significantly bolster their cloud security posture, ensuring sensitive data remains protected from bad actors.

Cloud security is not a one-time effort; it's an ongoing commitment to protect the organization's digital assets. By following best practices in access control and observability, businesses can build a robust defense against potential threats and safeguard cloud infrastructure effectively. Stay proactive, stay secure.

To learn more about how Templum can help your firm create a seamless and secure investor experience, reach out today.

 


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