Top Cloud Security Frameworks for Financial Institutions
As organizations increasingly migrate workloads to cloud infrastructure, securing these environments has become both crucial and complex. Effective...
As organizations slowly shift more of their systems to the cloud, it’s essential to understand how to keep that data secure.
Data security in the cloud is not a one-size-fits-all approach, and there are many factors to consider based on the type of cloud services you’re using and the nature of your data.
To begin, let’s clarify what we mean by "cloud" using the National Institute of Standards and Technology (NIST) definition, which is also referenced by the Federal Financial Institutions Examination Council (FFIEC). According to NIST, a true cloud service meets certain criteria: it's available to the public, anyone can sign up, and resources are dynamically allocated. Well-known examples include Dropbox, Gmail, and Microsoft OneDrive. These services are designed to be broadly accessible with easy, self-service setup, making them technically classified as cloud services under NIST’s definition.
However, many of our clients and some examiners have expanded the definition to include all things web-based. Traditionally known as Software-as-a-Service (SAAS), these services are hosted by the vendor and accessed via web browser so they look like a Cloud solution.
To keep data safe in the Cloud, do not use true Cloud services for sensitive data unless you have a reasonable assurance of security. For example, ShareFile hosted by Citrix are reputable brands that offer relatively secure Cloud file storage. When using these information security services it is still a good idea to encrypt sensitive data before moving them online.
When it comes to cloud security, one powerful yet often underutilized strategy is leveraging automation to streamline security processes. As organizations expand their cloud environments, the complexity of managing security across multiple services, accounts, and geographic regions can quickly become overwhelming. Automated mapping and evidence-collection tools can help maintain comprehensive security coverage while reducing manual effort and human error.
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