The document outlines six major cybersecurity risks associated with cloud computing, including loss of intellectual property, compliance violations, compromised credentials, API threats, account hijacking, and abuse of cloud services. It highlights the challenges enterprises face in managing these risks, particularly with multi-tenancy cloud services and identity management. The text emphasizes the importance of addressing these vulnerabilities to safeguard sensitive data and maintain operational integrity.

1. 6 MAJOR CYBER
SECURITY RISKS
TO CLOUD
COMPUTING

2. Cloud computing has brought the
advantage of lower cost of
ownership of IT applications, super
fast time to market, and
unmatched surges in employee
productivity.

3. THE MOST COMMON OF THESE
CYBERSECURITY ISSUES THAT
THREATEN CLOUD COMPUTING
APPLICATIONS.
Loss of Intellectual
Property
Violations of Compliance
and Regulatory Norms
Compromised Credentials
and Authentication
Breaches
Threats to APIs
Hijacking of Accounts
Abuse of Cloud Services

4. LOSS OF INTELLECTUAL PROPERTY
More than 20% of the data kept on the cloud by enterprises contain sensitive
information, including but not limited to intellectual property.
Now, most enterprises use multi-tenancy cloud services, wherein their
data is kept on servers that are also used to deliver similar services to
other organizations.

5. VIOLATIONSOF
COMPLIANCEAND
REGULATORY
NORMS
Enterprises need to ensure that
their cloud storage and
application service providers take
care of these regulatory norms.
Also, for enterprises that
promote the Bring Your Own
Device and Bring Your Own Cloud
concepts, ensuring compliance to
these norms becomes a lot more
challenging.

6. COMPROMISED CREDENTIALS AND
AUTHENTICATION BREACHES
• Enterprises struggle with identity management issues as they
map permissions and privileges with user roles.
• Another huge problem area is when enterprises don’t remove or
change user access when he/she quits or changes role.

7. THREATS TO APIS
Most cloud solution providers
offer their APIs to enterprise IT
teams to help them with cloud
provisioning, orchestration,
management, and monitoring.
This makes the security and
availability of cloud solutions
dependent on the API security.
Weak API interfaces expose cloud
applications to risks of
accountability, confidentiality,
integrity, and availability.

8. HIJACKING OF ACCOUNTS
Cloud services are also vulnerable to these disruptive cyber attacks
because cybercriminals have more means to monitor the activities
of users on shared clouds.
Prevention of account details loss is the first step to keeping cloud
applications safe from phishing and other violations.

9. ABUSE OF CLOUD
SERVICES
Cloud services can be misused to
commit nefarious cyber crimes,
right from the usage of cloud
resources to access encryption
keys, to launching DDoS attacks
on an enterprise’s servers.
Exposure to legal liabilities in
form of lawsuits from impacted
parties.
Severe loss of reputation

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