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CSI/NSA Joint Best Practices for Cloud Security

 

The NSA and CISA have released a set of five cybersecurity bulletins to help make cloud environments safer. These bulletins share important tips for keeping cloud systems secure, which are used a lot by businesses. 

Cloud services are popular because they let companies use servers, storage, and apps without having to worry about managing all the complicated tech stuff themselves. This has made life easier for businesses big and small, allowing them to focus on what they do best while relying on the reliability and flexibility of cloud platforms. 

What is cool is that many companies now offer both regular software you install on your own computers and cloud versions that they manage for you. This means businesses have choices and do not have to deal with all the headaches of managing software themselves. 

The partnership between NSA and CISA shows how important it is to keep cloud systems safe, especially now that more and more businesses are using them for remote work and digital upgrades. These bulletins give organizations practical advice on how to stay safe from online threats and keep their data secure. 

By sharing these joint tips, NSA and CISA want to make sure that businesses have the right tools and knowledge to protect themselves against cyber attacks as they use cloud services. It is like giving them a guidebook to navigate the sometimes tricky world of cybersecurity. 

CSI/NSA Joint Best Practices for Cloud Security 

1. Use Secure Cloud Identity and Access Management Practices 

To keep your cloud systems safe, it's crucial to manage who can access them and how they do it. Follow these tips: 

Enable Multi-Factor Authentication (MFA): Make it harder for unauthorized users to get in by requiring more than just a password. 

Securely Store Credentials: Keep your login information safe and away from prying eyes. Partition Privileges: Limit what each person can do in the cloud to minimize the risk of someone doing something they shouldn't. 

2. Use Secure Cloud Key Management Practices

When it comes to managing encryption keys in the cloud, it's important to do it right.  Here's how: 

Understand Shared Security Responsibilities: Know who is responsible for what when it comes to keeping encryption keys safe. 

Configure Key Management Solutions (KMS) Securely: Set up your encryption key systems in a way that is safe and secure. 

3. Implement Network Segmentation and Encryption in Cloud Environments 

To protect your data as it moves around in the cloud, follow these steps: 

Encrypt Data in Transit: Keep your data safe as it travels between different parts of the cloud. 

Segment Your Cloud Services: Keep different parts of your cloud separate from each other to stop them from talking when they should not. 

4. Secure Data in the Cloud 

When storing data in the cloud, make sure it stays safe with these practices: 

Encrypt Data at Rest: Keep your data safe even when it is sitting around doing nothing. 

Control Access to Data: Only let the right people get to your data,and keep everyone else out. 

Backup and Recovery Plans: Have a plan in place to get your data back if something goes wrong. 

5. Mitigate Risks from Managed Service Providers in Cloud Environments 

When working with outside companies to manage your cloud, take these steps to stay safe: 

Secure Corporate Accounts Used by MSPs: Make sure the accounts used by managed service providers are as secure as your own. 

Audit MSP Activities: Keep an eye on what the managed service providers are doing in your cloud to catch any suspicious activity. 

Negotiate Agreements Carefully: When working with MSPs, make sure your agreements include provisions for keeping your data safe. 

By following these joint best practices from CSI and NSA, you can better protect your cloud systems and keep your data safe from cyber threats.

Bankers Worried About Data Security, CSI Research Suggests

Research published by Consumer Services (CSI) reveals increasing threats among bank executives in hiring new talent and facing cybercrime threats as a challenge. The survey received 279 executive responses from the banking sector nationwide, bankers listed cybersecurity dangers (26%) and hiring employees (21%) as the top problems in 2022. 

The survey results, suggesting respondents from different bank asset sizes, provide an alternate look into how these organizations tackle concerning issues like compliance, technological innovations, and customer expectations. 

For example, to improve user experience and increase market shares, banks are promoting the use of digital tools, like account opening (51% responses), customer relationship management (43% responses), and digital loans (36% respondents). 

CSI is a leading fintech, regtech, and cybersecurity solutions partner operating at the intersection of innovation and service. It excels at driving the business forward with a unique blend of cutting-edge technology, effortless integration, and a commitment to authentic partnerships defined by our customer-first culture. 

Customers have raised the bar in expectations from banks, and the latter should respond accordingly, says David Culbertson, CSI president, and CEO. The data is paired with banks' aspirations to improve digital tools, the banking industry is moving towards a digital-first mindset and aiming for digital advancement. Interestingly, bank leaders also aspire to open banking for growth, particularly for digital progress. 

The latest research suggests how banking institutes measure their personal growth in the rising digital landscape scenario. "For example, although executives on average rated their institutions a healthy 4/5 on compliance readiness, regulatory changes remain top of mind, with 14% of respondents naming it their primary concern.," reports HelpNet Security. 

Keeping the new administration in mind, bankers have mentioned "data privacy" (39% responses) and CECL (20% responses) as the most needed measures for banking institutions. "The continuation of remote work will make this a critical component, along with new asset types such as cryptocurrencies being adopted, and increasing privacy regulations. 

On the other hand, ransomware is expected to remain a challenge alongside a bigger looming threat from quantum computing, which holds the potential to defeat modern encryption systems," reports HelpNet Security.