Many industries and organizations have redefined their operations and moved to cloud services to ease managing sensitive information; financial services have some of the most significant potential to work with the cloud. Cloud finance is becoming gradually popular among startups and well-known financial organizations, offering many advantages for businesses and customers and improving customer experience to a new level. This evolution in technology has gathered the attention of many financial organizations.
However, managing cloud misconfigurations, data migration on the cloud, and information security are the main concerns when moving towards cloud solutions or any other new technology.
Using cloud services for your financial needs comes with numerous benefits, including:
- Cloud services provide increased security for sensitive data. Cloud storage uses cutting-edge data security features. We at Auxin help you access your cloud needs, manage them accordingly, and ensure that user data is always protected from external threats.
- Cloud services allow financial organizations to have a decentralized and scalable future. They can easily add more resources as their data and customers grow.
- Cloud services are budget-friendly. Cloud computing allows financial assistance to reduce the IT structure and staff that comes along with it. This improves efficiency by automating the required processes.
Methods to secure Cloud configurations in financial organizations
Low-hanging Cloud
The financial services sector demands a complex, closely regulated, and highly secure environment, making it difficult for security professionals to manage cloud environments and related configurations. Often such susceptible environments are doors to misconfigurations in the system that attackers can exploit. Security teams need help visualizing weaknesses and coordinating defenses at a high level. One solution to this can be adopting infrastructure-as-code; this coding practice of building cloud environments in code and duplicating them as necessary makes it very scalable for financial institutions.
Vulnerable Cloud
Cloud services can be a blessing in disguise as they expose more attack surfaces to hackers but simultaneously offer scalable opportunities to leverage complex tools such as machine learning and automation to protect data from attackers. If the cloud services are not used with proper precautions, they may create the opportunity for more breaches. The most common cause for such financial violations is misconfigurations in the cloud, which resulted in nearly deadly attacks. As much as cloud technology is being adopted, the speed of having your data mishandled is also increasing.
Deploying Security Tools Proficiently
A financial service cloud environment has millions of user accounts, hundreds of workloads, and thousands of authorization configurations across all platforms. In a cloud environment that handles data of this size and complexity, manually deploying security tools for each setup is unbearable. It is tedious and the fact that cloud technologies are constantly changing security protocols is likely to be overlooked.
Therefore, financial services corporations that rely heavily on cloud solutions should leverage automated security. Automated security makes it possible to protect cloud workloads in a productive, scalable way that doesn’t require large security teams to deploy security software on every platform they need to save. In a large-scale cloud environment such as a financial department, automated cloud security is the only way to ensure that teams can give maximum effort, operate efficiently and that no workload faces a breach.
Auxin’s Cloud Management Approach
Cloud misconfiguration issues have cost a fortune of big financial organizations. You cannot just stop digitalizing your enterprise just to be safe. You have to move towards the tech future where the world is moving. The most you can do is choose a partner that looks out for cloud management, security, and massive data migrations. If you are looking for one, Auxin is your best match. AlphaCloud is Auxin’s management tool that provides cloud solutions for all your business needs.
AlphaCloud provides easy cloud management, scans your current cloud services, and suggests fixes that require immediate action or fixes that can improve your existing workflow. It provides the peace of mind every financial institution needs. Contact us at sales@auxin.io to get details of all the sales-related queries, or visit us at www.auxin.io.
