The Cloud has been seen as a more time-efficient and cost-effective way to store company information. However, there are MAJOR cyber-security RISKS that could bring more headaches and can result in a company losing time and money! Here are some important things to consider:

• Identity management. Identity management is the process of controlling access to certain information so that it doesn’t fall into the wrong hands. Valid access is done by allowing only a particular identity access to data. Sometimes this identity can be compromised, so it’s important to consider the measures that your cloud provider has so that this doesn’t happen.
• Regulations and/or compliance. There are a variety of cloud regulations that need to be considered when you choose a Cloud provider. It’s important to do research so that you are aware of what these regulations are and where the responsibility lies when it comes to cyber-security. Make sure YOU don’t carry the burden and you know what your obligations are to stay compliant.
• You Cloud Provider Could Get Hacked. There is a significant possibility that our Cloud provider will be hacked. You can reduce your risk by ensuring you use a cloud provider with excellent cyber-security measures. Also, be sure to ask for the status of your Cloud provider’s vulnerabilities so that you know whether or not your data is in a safe and secure place.