Big Scammers

Tuesday, January 17, 2017

7 Effective Ways to Prevent Fraud Online with Your Data on the Cloud


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:

# 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.

# 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.

# 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.
# 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.