Enterprises are pursuing cloud strategies in order to increase business agility and reduce the cost of IT infrastructure and applications. For many organizations, along with the benefits to be gained by these solutions, there must be a consideration of cloud security compliance costs. These requirements have increased alongside the technology development and expansion of cloud solutions and services.
While compliance regulations have not grown at the same pace as cloud opportunities, they still play an important role in decision-making surrounding business transformation.
Managing Cloud Security Concerns
Migrations to the cloud generally follow a multi-cloud or hybrid path. Hybrid is often an IT sweet spot, allowing enterprises to keep their on-premises systems while taking advantage of cloud solutions. Multi-cloud utilizes the benefits of various cloud environments to find the right mix of public and private options.
No matter which of these environments an enterprise adopts, the transition of workloads and processing tasks to solutions that are outside an on-site IT infrastructure requires careful consideration of cloud security compliance issues. Industries most impacted in this type of scenario are banking, financial, and healthcare services, leading to a push to develop innovative approaches to infrastructure and applications moved to the cloud.
The challenges related to cloud security compliance highlight the opportunity that cloud migration represents for enterprises while they struggle to keep pace with changes to legislation and regulations from a variety of sources. Those that are involved in global commerce have an even more complex task as they grapple with international regulations and those of specific countries.
While the cost of compliance is taxing, any solutions that might reduce staff without measurable progress related to compliance are often discouraged by regulators, as well as shareholders and investors in the enterprise.
Meeting Compliance Requirements
The cloud is a secure technology option for enterprises in healthcare, banking, and finance, but there are some items that must be considered for regulatory compliance:
- Utilize continuous monitoring for cyber security, corporate governance, and regulatory compliance.
- Use a unified source of compliance, governance, and risk for the utilization of cloud services.
- Create dashboards at executive and operational levels to improve visibility into cloud security compliance issues.
- Ensure real-time alerts with response plans that are set up with third-party cloud providers.
- For each new cloud service, ensure that continuous synchronization with regulatory compliance is in place.
To prepare your enterprise for cloud migration with cloud security concerns balancing goals for performance and your budget, contact us at eXemplify. We can ensure you improve productivity and enhance services while meeting your requirements for regulatory compliance.