Cloud computing is a form of Internet-based computing that enables shared computer processing resources and data to computers and other devices on demand. This model enables ubiquitous, on-demand access to shared pool of configurable computing resources such as computer networks, servers, storage, applications, and services, which can be rapidly provisioned and released with minimal management effort.
Cloud computing services deliver information technology or IT as part of their service over the internet or a specific dedicated network. Cloud computing helps in the efficient management of management of data and also eases processing and the storage of data in a particular network. It basically refers to a storage space that is common in nature by the help of which all the devices which are linked to the network can have access to the data. Cloud computing is a shared computing resources rather than having local servers or personal devices to handle applications. Cloud computing boasts several attractive benefits for businesses and end users. Some of them are self service provisioning, elasticity, pay per use, workload resilience, and migration flexibility.
Cloud computing has been witnessing increasing market traction within major geographies across the globe. Cloud computing technology offers tremendous cost benefits over traditional in-house systems for data storage. However, migrating to cloud is marred with its own set of challenges such as incompatibility with legacy systems and data security issues. Furthermore, cloud vendors are increasingly devising innovative pricing modules to cater to a wider consumer segment.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.