When businesses partner with a cloud service provider (CSP) to fold cloud technologies into their operations, they should also consider adopting a cloud assurance framework.
In 2023, Allied Market Research predicted that the cloud services market will be worth $2.5 trillion by 2031. A cloud assurance framework provides the smoothest roadmap to cloud security, a smooth digital transformation, and a competitive advantage in the market. Cloud assurance, therefore, is critical to success.
Without a cloud assurance framework, organizations face a number of risks. These risks include, but are not limited to, uncontrolled data management; failure to comply with regulatory requirements; failure to exercise due diligence; and security breaches triggered by a compromised cloud environment.
Done right, a cloud migration increases profits and breeds innovation. When companies do not develop a cloud assurance framework, they risk the loss of anticipated profits or present value.
Per Synopsys, an electronic design automation company, a solid cloud assurance framework might incorporate the following best practices: monitoring; role-based access control (RBAC); data governance, identity and access management (IAM); and employee training.
When companies work with external cloud service providers, cloud assurance is a tag-team effort. Both the company and the provider do their part to protect against threats. With that being said, companies that educate themselves on cloud assurance might spot vulnerabilities that would otherwise go unnoticed.
A cloud assurance framework is particularly necessary for organizations that have strict policies and laws surrounding data collection and data privacy. With proper cloud assurance, for example, a government agency can both protect user data and reap the benefits of a cloud service model, including the following: