Exposing the Top 4 Myths of Cloud Security
With security breaches and their impact on businesses frequently in the headlines, the need for stringent security measures has never been more evident. A third of U.S. businesses report having had a breach of customer information, and the costs can be significant. One in five organizations have lost customers due to a cyberattack and nearly 30% have lost revenue, with the average cost of single data breath reported at $4 million.
However, 74% of IT leaders say security concerns are holding back their move to the cloud. Are you one of them?
While reservations about the security capabilities of cloud
environments concerns used to be a reason for companies to
delay migration, investment by Microsoft into new security
tools and resources are challenging those misperceptions and
providing compelling reasons to make the move.
Get the real story. Here are four common myths about cloud security, and some facts about the Microsoft 365.
Myth 1
Microsoft employees will have unfettered access to my data if I move to the cloud.
Fact: With Microsoft, your data is always yours.
Microsoft’s multi-tenant architecture sets the industry standards for security, confidentiality, and privacy. Multiple layers of protection prevent access to information from other tenants. To deliver an enterprise-grade hyper scale cloud service, Microsoft operations are automated with self-healing mechanisms. In addition, Microsoft engineers don’t have standing access to customer data and there is a process in place to grant access when it is required for service operations.
Myth 2
We don’t need to worry because we haven’t had a problem so far.
Fact: Hope is not a strategy. Your approach to security needs to assume there will be active —and successful— attempts to breach your firewall.
A third of US companies have experienced a data breach.1
It’s no longer a question of if, but when an incident will occur. Businesses need security systems and solutions that provide maximum defense against security breaches, as well as an agile, effective response when a breach does occur.
Myth 3
Moving to the cloud makes compliance issues, such as categorizing data and reporting, more difficult.
Fact: Microsoft integrates compliance requirements and features throughout cloud services and datacenters.
Security and compliance are inextricable. Regulatory requirements are constantly evolving. That’s why Microsoft has a compliance team dedicated to keeping up-to-date on any changes. We work closely with businesses and regulators to ensure our solutions comply with the General Data Protection Regulation (GDPR) and other applicable regulations, whether they’re global, regional, or associated with a specific industry.
Microsoft data processing agreements detail their protocols and policies regarding customer data, which is helpful with regard to meeting documentation requirements for privacy regulations. Office 365 includes access to features and tools like Compliance Manager and Content Search to assess and manage your risk, as well as Advanced Data Governance and Data Loss Prevention to help classify, protect, and monitor your data.
Myth 4
My company can always spends enough on security to keep our systems protected.
Fact: It’s not only how much you spend, it’s how smart. Microsoft investments in research, development, and services provide enterprise-grade security even for companies without enterprise-size budgets.
Increasingly complex attack methods have made creating adequate defenses more difficult. Resources need to be allocated to protect against multiple vulnerabilities (e.g., identities, devices, infrastructure) and types of attacks (e.g., phishing, zero-day, etc.). While threats continue to grow in frequency and sophistication, companies still resort to costly point solutions to address specific threats rather a systemic approach. Managing exponential growth in controls can be a costly nightmare. emails for malware, and processes 450 billion authentications every month. By analyzing the resulting data, Microsoft can provide unique insights into emerging threats.
