Ensuring data security in an uncertain world

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When it comes to securing valuable business data, how safe is “the cloud”? Recent incidents have made clear that even the most reputed cloud computing services are not immune to mishaps, facing risks that range from data center fires to misconfigurations and cyberattacks, making it increasingly vital for businesses to rethink their data management strategies, especially those centered on cloud-based storage.

Data mismanagement in the cloud

In May 2024 the Google Cloud account of an Australian financial service provider was deleted due to a misconfiguration. This resulted in more than half a million customers losing access to their financial data for a week. Similarly, a ransomware attack on Finland-based cloud service provider Tietoevry affected private companies, universities, and government authorities across Sweden, showcasing that cloud vulnerabilities exist on multiple fronts.

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