How Financial Institutions Can Avoid Making Major Cloud Security Mistakes

How Can FIs Create an Effective Framework for Cloud Security?

Hamit said that in many cases, cloud solutions can go beyond traditional security solutions. “More often than not,” he says, “cloud providers offer security controls that may go beyond what is feasible or practical in a traditional area environment.”

It provides a solid starting point for FIs making the transition, and Hamit offers some advice on how to best apply cloud security solutions to existing frameworks. “There’s no need to reinvent the wheel when it comes to building the framework for cloud security,” he said. “There are many powerful resources available online that can easily help an organization that may be looking for a place to start. For example, the Cloud Security Alliance has several guides and frameworks that are sourced by experts who can help with cloud security analysis, help in the appropriate selection of controls, and assist an organization in defining responsibilities between the customer and cloud provider. ”

He also identifies the need for trained and experienced staff. “Organizations should fully consider investing in training for staff,” he said. “Trying to figure things out quickly is never a good idea, especially when there are potentially serious security impacts. Many cloud providers offer training programs and on-demand courses that are great for on cloud-specific platforms.For a more holistic view of foundational cloud computing principles with broader application, ISACA offers a Cloud Fundamentals certificate program that teaches and validates an understanding of a students in essential skills. “

LEARN MORE: Learn how cloud security posture management can help banks protect their data.

What Tools Can Be Included in this Cloud Security Framework?

First are the solutions that help with the removal of manual processes. “Automating repetitive tasks can improve the posture of cloud security by eliminating manual touchpoints that lead to human error,” Hamit said. “Using tools like Azure Automation will ensure that cloud infrastructure complies with defined standards and simplifies ongoing management, allowing IT staff to spend time on more impactful tasks. “

He also features the role of built-in cloud tools offered by providers. “Even in SaaS environments, cloud providers often provide integrated tools that IT and information security can use to make some of the predictions,” he said. “For example, the Microsoft Secure Score provides a score, as the name implies, that gives the organization a look at its security posture in Microsoft 365, along with specific recommendations on multiple risk vectors. Another popular SaaS platform, ServiceNow, offers similar capabilities to its Instance Security Center, where an organization can view key security events and monitor Daily Compliance Quality its relation to example hardening guidelines and best practices.

When it comes to making the cloud move and securing key resources, Hamit said simply: “Being all-in when it comes to the cloud shouldn’t be the time when organizations evaluate cloud security. It should be treated like of any other risk when evaluating vendors and understanding the implications for security architecture and data flows. ”

#Financial #Institutions #Avoid #Making #Major #Cloud #Security #Mistakes #Source Link #How Financial Institutions Can Avoid Making Major Cloud Security Mistakes

Leave a Comment