The cloud has gotten a bad name as being a data-security risk in and of itself, but smaller companies in particular may actually be able to increase overall security by moving data to a cloud provider that has a robust security framework in place, an expert says.
Speaking during a Marsh webcast titled, Cyber Risk: Trends and Solutions, Jason Straight, managing director, Kroll Advisory Solutions, said third-party breaches are becoming increasingly common as businesses rely on outside vendors to manage and host data. But he stressed that the key to minimizing the chances of such breaches is to take the time to get to know the vendors themselves. "Visit them," he said, and evaluate the security measures they have in place. "If you don't have qualified staff in-house, then hire someone who can help you do that," Straight added.
If a vendor is not forthcoming about its security efforts, Straight said that should be a red flag. Ultimately, he noted, the "reputation and risk is yours to bear," so it makes sense to "roll up your sleeves and look under the hood" when considering vendors.
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