Can Cloud Storage save you from Ransomware Attacks?

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Step by step, our personal and work lives are being transferred online and instantaneous connections, real-time cooperation, and free flowing information come at a price. Yes, cybercrime is hardly something new but the recent rise in global ransomware attacks are putting the question of online security into the spotlight and under scrutiny.

The hackers are getting more and more inventive, and it’s becoming harder for the individual as well as companies to protect themselves. What can be done? Can cloud storage save us from ransomware?

Cloud Storage vs. Ransomware

Cloud created a revolution in data storage. It’s cost-effective, easy to access and typically very well guarded. The convenience is reflected in its widespread use. A report by RightScale found that 82% of companies were already using multi-cloud storage strategies. According to a report by Intuit, 78% of small businesses will fully rely on cloud services by 2020. This mass migration of business of all sizes to cloud space rendered it an extremely attractive target.

Sadly, the NotPetya ransomware made it clear that ransomware has gone beyond local and physical storage, and can hit everywhere. Although being publicized as on one of the safest storage options, the cloud is not an exception to the threat.

Let’s Be Realistic

The best way to stay protected is to be realistic and keep informed about the capacity and power of the services on which you are relying. As such, cloud storage is not a magical bulletproof solution that will graciously save you from the ransomware.

To be able to withstand ransomware and other types of attacks, cloud and collaboration services need to start implementing or strengthening solutions that allow for real-time visibility, greater control, data loss prevention, and so forth. If hackers are getting more creative, the levels of security need to follow and surpass them.

How to Leverage Cloud Storage

Despite the cold splash of reality, not all is lost. Cloud storage can be a valuable partner in crime or - better said - your partner in preventing crime.

Scalability - Regardless of shortcomings, cloud services are still best equipped to act as a failsafe and protect you from ransomware today and in the future. Being flexible and scalable in essence, cloud services enable us to keep up with the changes and developments in the malware landscape. In other words, while the nature of the attack is unlikely to change, the delivery method will and cloud services have the agility to adjust aptly.

Security Layers - In most cases, the layers of security over cloud are considerably better than of any other private server. Typically, clouds are a sophisticated combination of elaborate access controls and encrypted technology with the capacity to expand. Plus, many of them provide protection against DDoS attacks which makes them all the more useful.

Backups - Due to reliability and resiliency, backing up your data with a cloud storage is far more efficient. When stored on local storage, frequent backups consume a lot of storage resources and negatively affect computer performance. With the cloud, backups of your information, data and documents can be frequent, and the streamlined failover process provides you with the comfortable safety of backup recovery. A recommended approach is to rely on several clouds simultaneously which provides a much more expansive protections without excessively high costs or unbearable complexity.

How do you know cloud is worth your time?

According to MarketsAndMarkets, the cloud security market will be valued at impressive $8.71 billion by 2019, so companies are ready to invest more and more to improve and strengthen the safety of the cloud environments from malicious attacks.

Cloud storage, although not the ultimate weapon against ransomware attacks, is by far one of the most efficient ways to protect your information without excessive spending or applying overly complicated scenarios. It’s also most likely to scale and thus continue withstanding cybercrime in the future. Nonetheless, it is crucial you select your cloud service carefully as not all are equal.

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