Cloud computing has taken over the business world. Statistics show the global cloud computing market is worth approximately $445 billion today. Moreover, experts believe it will grow to $947.3 billion within five years, resulting in a Compound Annual Growth Rate (CAGR) of 16.3 percent.
According to Forbes, over 81 percent of businesses utilize at least one cloud-based application. Many experts forecast this number to grow as the cloud computing revolution continues to spread throughout the world. Organizations are increasingly opting for cloud computing because it enables them to improve productivity while lowering costs.
However, as businesses migrate to cloud-based enterprises, new challenges arise. They become more vulnerable to cyberattacks and cybercrime. The 2021 Data Breach Report by Ponemon Institute shows that data breaches cost businesses $4.24 million on average. As a result, companies need to improve their security measures to protect themselves from cyberattacks. One of the most effective ways to do so is by implementing a zero-trust security solution. Research shows that adopting a zero-trust approach can help businesses reduce data breach costs by as much as $1.76 million.
However, that’s not where the benefits of implementing a zero-trust security solution end. Instead, the technology offers several other benefits that might pique your curiosity. We’ll discuss the reasons you should consider adopting a zero-trust approach for your organization’s network security in this blog post.
Reasons for a Zero Trust Approach to Network Security
You’ll want to consider adopting a zero-trust approach for several reasons. They include:
Strengthening Your Network’s Defensive Perimeter
Before the zero-trust approach became widespread, companies utilized a different approach. This traditional approach would consider all internal resources to be trustworthy while regarding external resources as unreliable. However, this resulted in security lapses. Authorized users and cyber attackers would utilize dial-up connections and firewall exceptions to get inside an organization’s network perimeter. Once they were in, the network would treat them with trust, providing them complete access. Hence, companies would be vulnerable to cyberattacks.
In addition, as organizations move to cloud-based enterprising systems and remote work becomes more common, more severe security risks are arising. A zero trust approach to network security eliminates all of these problems since it treats both internal and external users as untrustworthy. It only grants them access after receiving verification.
Removing the Connection Between Trust and Prior Access
One of the reasons zero-trust security frameworks increases security is because they require users to request access again after use. In doing so, zero-trust frameworks eliminate the possibility of insiders having more access than they should possess. For instance, an employee’s job responsibilities might change over time, meaning they don’t require access to some parts of your network like they did before. With a zero-trust approach, you can ensure that the employee can now only access parts of the network required for their job.
Likewise, you might also have contractors or third parties who access your network for a brief period. Moreover, they might only need access once in a while. Zero-trust security solutions ensure they have to request authorization every time they need to access your network. Hence, zero-trust security frameworks enhance your network security, protecting it from both insiders and third parties.
Resilience to Ongoing Attacks
Let’s assume a cyber attacker manages to get into your network. Under a traditional security framework, they would have free access to do whatever they wanted. However, under a zero-trust security framework, that’s not the case. Once the attacker tries to pivot or access any part of your network, your zero-trust security solution will deny them access because they lack the credentials for verification. Hence, zero-trust security frameworks make your organization’s network security more resilient to ongoing attacks.
Enhance Your Network Security with Cloud Computing Technologies
Cloud computing technologies is a service-disabled veteran-owned small business that has been operating for over 20 years. We boast remarkable credentials, having completed over 180 Federal and DoD contract task orders. Cloud Computing Technologies can help make your organization more secure by implementing a zero-trust security solution. Visit our website to learn more.
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