With the globalization wave washing
away geographical boundaries of businesses, more and more firms take advantage
of cloud computing as an easy and cost effective means of accessing data. The
hassle of data storage has been dealt with successfully by cloud computing and
now businesses can store a specific amount of data in the virtual space. 
Now comes the question of safety and
probability of fraud online by taking advantage of loopholes in cloud
computing. Some effective ways of remaining safe when accessing the cloud are
as follows:
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1 Beat fraud online with data encryption
Before you share any file on the
cloud, be sure to encrypt the data so that it cannot be deciphered by person
who is not authorized to view it. Many encryption software services are available
in the market that can be used to tighten security. Some cloud computing
services themselves extend encryption services also. 
#2
Be selective when authorizing access to the cloud
There are options that can decide
the level of privacy you need for data maintained on the cloud. You can assign
viewing and editing rights on a selective basis, in order to avoid leakage of
confidential information.
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3 Protecting your data from cloud outages and fraud online
Maintaining local copies of data or
using a combination of different cloud services will not help during cloud
outages, but also during instances of cyber theft and data hijacking. Work out
a comprehensive and cost effective data backup solution.
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4 Use a trusted cloud service
Go in for a trusted cloud service
and opt for extra layers of security, even if they are a pinch on costs. Google
Drive, Drop Box and Sky Drive are some of the trending cloud services for
storing data on the virtual landscape. These services are powered with anti-theft technologies to beat fraud online.
#5
Do not risk sharing extremely confidential data on cloud
Since in most cases, your on-cloud
data is managed by the cloud service provider, there is a concern on privacy.
It will not be inappropriate to say that information that may have considerable
financial impact if leaked, should not be shared on cloud, despite the strength
provided by password and encryption.
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6 Read the agreement of the clod service provider, time and again
Since numbers of cloud services
providers have gone up miraculously, one needs to take the time and effort to
read the agreement carefully before signing up. Since there is no
standardization for safety on the cloud, the onus is on the part of the
business to ensure that all required safety features will be provided.
#7
Ensure competent customer service and simple data migration facilities are
available
This assumes prime importance when
fraud online is committed by way of a cyber-attack. Time is the essence in
these cases. To reach the service provider on time and to get past the
protocols of customer service is a challenge. Similarly getting all data off
the cloud and uploading to another must be done in a short span of time.
 
