The Cloud and Financial Safety


With the popularity of the Cloud growing by the day, and individuals and companies availing themselves of the service, it would seem to be a prime target for cybercrime. A potential customer might ask the question, “If I send my financial data to the Cloud will it be safe? The answer is a resounding, “Yes.” Let’s explore why.

Learning the Basics

The Cloud is not an ethereal idea suspended above us. It is a real place. Picture a football field size warehouse, filled with hundreds of servers, all networked together. Now picture this image copied several hundred times with warehouses scattered across the country. These server networks make up the Cloud. Companies such as Amazon Web Services (AWS), Microsoft Azure, and Google Docs guard the stored data with online and physical plant security. Passwords, physical scans, and passcards are among the security measures taken by individual companies to secure their campuses. The buildings themselves are nondescript places with no signage or logos. Most people don’t even know what these buildings house.

Cloud Storage Risks

While Cloud storage is generally very safe, nothing is infallible. Hackers actively strive to locate security leaks and steal valuable information from both companies and individuals. To combat this, you can choose to store data in more than one cloud account so you will have access to a second account if something happens to the first. Other consumers back up sensitive data onto external hard drives that are kept at home or in a safety deposit box.

Cloud security, however, is among the toughest systems to break. Teams of IT engineers work to keep systems updated and improved, reducing security risk. Most companies also protect data against subpoenas or other disclosures with a legal team which reviews all legal request before responding.

Advantages of Cloud Storage

Keeping personal data stored on a home computer could lead to a loss if a natural disaster and a system failure occur. Information like tax returns, bank information, and even personal photographs are difficult and expensive to replace. There are many Cloud services offering consumers enough storage at no cost, that nearly everyone can have easy and safe access to remote files. Storing information on the Cloud also gives you access to personal files from any electronic device, rather than only a specific computer, increasing the Clouds convenience.

Beyond The Cloud

In addition to storage options, data safety also relies on vigilant consumer behavior. Using encryption, changing passwords frequently, using strong passwords, spreading data across multiple accounts, and only using secure networks will increase your protection.

In the face of regular news stories regarding breaches in security, it is difficult to know how to protect yourself. Using the Cloud in combination with taking personal security measures, you can store data in a safe and convenient way.