|By Gilad Parann-Nissany||
|January 21, 2014 04:15 PM EST||
Companies are increasingly moving their data security to the cloud. By the 2015, 10% of overall IT security enterprise product capabilities will be delivered in the cloud, according to a study conducted by Gartner. In fact, the cloud data security market is expected to reach $4.2 billion by 2016.
Are there compelling reasons to move your own data security to the cloud? I am a firm believer that cloud security is a godsend to companies dealing with sensitive information, particularly small and medium sized enterprises (SMEs). Here are the top reasons to consider moving your data security to the cloud:
1. Security in the cloud reduces costs
Many companies assume that the responsibility for data security can be delegated to an in-house IT specialist. But security requires significant expertise, and not every organization has it. In fact, an SME should not need to build up this expertise – it is not its core business. And it is expensive to build up this specialized expertise.
Security work can be a serious drain on time and other work may be slowed down by focusing on defending against the latest malware and continuous security patches and updates. Security professionals like to carp that security never gets the attention it deserves. They are right, but this gaping hole has a reason. Security is expensive and time-consuming.
Additional costs such as security appliances, security software, and security services must be factored in as well.
The more effective option is to switch over to security in the cloud and free up your team to take care of the business. The cloud offers significant savings on security expenses, which is why this segment is growing so fast.
2. Security threats are growing in volume and complexity
Cybercriminals have become more sophisticated, using social media and emails to send malicious content. The breaches have become so costly that they can cause businesses with data losses major financial and reputation damage. Costs include the direct costs of notifying customers, litigation, lost revenues from customers who no longer want to do business with a victimized firm, and lost goodwill resulting from negative publicity surrounding the breach. Sometimes further fines and penalties are assessed for regulated companies.
As security threats become more difficult to deal with, IT staff is less likely be qualified to deal with them. Cloud security vendors, on the other hand, focus entirely on data security and continually update their services to provide maximum protection. They spend their working hours coping with the different tricks being used by criminals and the tactics to use for avoiding them.
As tax laws become more complex, you hire an accountant to protect your company. You wouldn’t think to read (and understand) all those tax laws yourself. The same should be true of data security. The threats are growing. The need is growing. You must to enlist a professional.
3. HIPAA, PCI, and cloud security compliance regulations
Regulations, particularly for healthcare and credit card payment, require that companies adhere to the strictest levels of data security. Consumers are protected from having their credit card information stolen by PCI DSS regulations and patients are protected from private information becoming public by the HIPAA laws. These laws are crucial but pose significant challenges to SMEs.
Cloud security compliance regulations are complex and multi-faceted, so they can be hard to understand and follow. However, cloud security vendors know that compliance with these regulations is a major hurdle for adoption, and they have invested in understanding the compliance processes.
Using a cloud data security provider who specializes in cloud security compliance can ease the burden of achieving and maintaining the security required to satisfy regulations.
Switching to the cloud to secure your data will save you money and time, improve the security of your data and ensure you are compliant with relevant government regulations.
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