Cloud Security Services Protecting Your Cloud-based Platforms
Every day, organizations are recognizing and adopting the cloud for its elastic, affordable, and mobile capabilities. As leaders think of their new, cutting edge IT infrastructure in the cloud, for cloud security and regulator compliance they also need to consider their internal control environment (including Sarbanes-Oxley compliance) and how it is impacted by moving to the cloud. For fast growing, Pre-IPO companies, ensuring that internal controls related to financial reporting comply with all aspects of the SOX Act is critical. There is increasing evidence that the state of a company’s internal control environment is something that the investment community is watching more closely.
Comprehensive & Cost-Effective Approach to Cloud Security
FoxPointe has developed a comprehensive yet cost-effective approach to ensuring that your internal controls related to financial reporting comply with aspects of the SOX Act. Experience has taught us that unfocused interpretation and broad application of SOX is costly, arduous, and frustrating to management, shareholders, and regulators. Too many companies unilaterally document and test all controls, though this is not usually necessary.
What Is Cloud Computing?
Cloud computing refers to the delivery of computing services over the internet. Instead of hosting software, applications, and data on local servers or personal devices, organizations can access these resources remotely through cloud service providers. The most common and widely adopted cloud computing services are:
- Infrastructure as a Service (IaaS) provides virtualized computing resources such as virtual machines, storage, and networking. IaaS allows customers to purchase and interact with the basic building blocks of a technology infrastructure without needing to worry about the management of the underlying hardware.
- Software as a Service (SaaS) is designed to provide a complete packaged solution, where the software is rented out to the user. It delivers ready-to-use software applications over the internet, eliminating the need for installation and maintenance.
- Platform as a Service (PaaS) offers a platform where customers may run applications that they have developed themselves. The service provider builds and manages the infrastructure and offers an execution environment for users to build, deploy, and facilitate code execution.
Why Is Cloud Security Important?
As more and more organizations transition from on-premises to cloud-based environments, there is a critical need to reconsider security approaches, particularly concerning data governance and compliance, which within the past few months have been under intense regulatory scrutiny.
In today’s hybrid and multi-cloud landscape, organizations enjoy unprecedented flexibility in choosing where and when to deploy their resources. However, this newfound freedom also introduces complexities in security that go beyond the traditional scope of network access control. Regrettably, some organizations tend to prioritize the pace of their digital transformation over security best practices, treating security as an afterthought. As a result, cyber attackers view cloud-based targets as potentially lucrative opportunities and adapt their strategies to exploit these businesses.
Cloud & Regulatory Compliance
The process of migrating to the cloud is one that takes a lot of the same steps as ensuring that your internal controls are SOX compliant. If SOX compliance is kept in mind during a cloud application implementation, you can save yourself tremendous time and money by not repeating or re-doing overlapping activities.
Hear What Our Clients Have to Say
“We were in need of a security officer who would understand our complex needs, help us troubleshoot and address areas of organizational risk in the technological arena, and instill the confidence that our systems and information were as secure as possible. The improvements in our security and the mitigation of risk were immediately appreciated. Carl is an excellent partner, always honest and transparent regarding areas in need of improvement and provides essential professional guidance to ensure compliance with all regulatory requirements.
I highly recommend FoxPointe for other organizations that want to ensure compliance and security with their Information Technology systems.”
Cindy Lee
CEO, OLV Human Services