What Are the Security Benefits of Cloud Computing?

Security Benefits of Cloud Computing

Convenience, economy and enhanced workforce productivity have emerged as just some of the measurable benefits of cloud computing.

And now, despite initial concerns about the potential security risks of cloud computing, discussions about the cloud at many companies are moving away from the question of “Should we make the move?” to “Why haven't we done so already?”

The good news for organizations still on the fence about embracing the cloud due to worries about data security is that today's cloud computing practices can actually help to improve security. Here's a closer look at some of the security benefits of cloud computing:

1. Higher International Organization for Standardization (ISO) standards in the cloud

Cloud computing is a multibillion-dollar indusry, and the business is based in part on cloud vendors’ ability to keep customers’ data secure. The standards they adhere to are designed for that. SAP blogger Lindsay LaManna points out that one of the benefits of cloud computing is that “security is actually increased when using cloud solutions due to strict ISO security standards that cloud providers must adhere to, in addition to the regular security audits.”

2. Effects of human error reduced

People make mistakes. We forget, we misplace, we overlook. However, computers don’t make mistakes, nor do they have bad or good days. These facts translate to enhanced security in the cloud. Because cloud computing provides better security, even a lost computer becomes less compromising.

As Salesforce reports, laptops are lost at an astonishing rate — 800,000 of them per year are lost just in airports. One of the benefits of cloud computing is that your company will still be able to access that data — and keep it safe — despite the loss of any physical machines.

3. More is better

Chances are that if you only have one something, that something will get lost or broken. Cloud computing is like having many “somethings,” when it comes to data. Iteration is your friend here. Cloud computing protects company data better by allowing many methods of storage. According to an article by Vormetric and CSO Custom Solutions Group (registration required), “a layered approach that includes these critical elements [encryption, key management, strong access controls, and security intelligence]” improves data security.

While there were early concerns about the potential security risks of cloud-based computing, it’s becoming increasingly difficult for businesses to ignore the potential benefits of cloud computing.

View our latest Benchmarking the Accounting & Finance Function report to learn what financial leaders in North America had to say about how their organizations are taking advantage of the cloud — or are planning to do so soon.

Download the Report

Additional resource

Benefits of Cloud Computing for Small Business Finance Functions: Similar to the desktop computing revolution of the 1980s and 1990s, cloud computing is transforming how business today gets done — and at organizations of all sizes. This post highlights just some of the ways that cloud computing can enhance small business operations.