As cybercrime increases, cloud security companies are going to have to step up their game. Clients are increasingly looking for all-in-one cloud services that protect against security breaches.

The cybercrime industry was worth $1.5 trillion in 2018. That’s more than the GDP of some countries.

Cloud security companies can help clients control their cloud operations. From helping understand privacy laws to ensuring business continuity in times of crisis, they have solutions that can save companies millions of dollars.

Read on to find out more about five security trends that cloud security companies are keeping an eye on this year.

1. Increased Pressure on Big Cloud Providers

With more people moving to cloud services such as AWS and Google, these big cloud providers will face more breaches. High-profile instances of breaches at big companies will dominate cybersecurity news.

Fortunately, Microsoft Edge, AWS, Google, and others are preparing for these attacks on their clouds. The pressure put on them from their clients will force them to up their game to help prevent attacks and breaches.

2. Privacy Laws

Changes to privacy laws around the globe will impact cloud security. GDPR started in Europe in 2019, and CCPA came into effect in the US earlier this year. More cyber privacy laws will come down the pipeline.

These privacy laws will affect cloud security companies. What private information a website can collect and store will impact cloud security companies. They will need to offer privacy-law compliant cloud services.

3. Business Continuity

Companies are increasingly turning their attention to business continuity. This is especially true during disasters or significant community events. The current Covid-19 crisis is one example of this. Cloud security companies must make sure their cloud services keep functioning during such events.

Because of the disruptions a crisis such as Covid-19 can cause to businesses, keeping the cloud running and safe is on the minds of cloud users and cloud providers. Disasters and crises offer opportunities for cybercriminals. Cloud security companies will need to provide their business continuity plans to clients.

4. Ethics

Cybercriminals are taking advantage of developments in technology. Deep fakes are the most obvious of this criminal activity so far. Using technology to deceive customers raises questions about the ethical use of online technology.

Cloud security companies will need to put in place plans to deal with unethical practices. Doing this will help make sure users don’t get tricked.

The public is becoming more informed about the ethics of technology. As a result, cloud security companies will need to protect against ethical breaches.

5. Ransomware

Ransomware attacks have already had success against cloud-based customers. Any client that has personal information and customer billing or financial information is at risk from a ransomware attack.

After ransomware attacks, most companies pay the ransom. They prefer to avoid cybercriminals using their customers’ personal information. Because of this, cybersecurity companies will need to make protection against ransomware a priority. There’s too much money at risk not to do so.

Cloud Security Companies Should Pay Attention

Cloud service providers need good cloud security companies to protect their data. They also need those companies to have a plan to protect financial investments and to ensure privacy laws are complied with.

When companies choose which cloud provider and cloud security company to work with, they should pay attention to its future plans. Are they already working on long-term compliance and the next threat?

To learn more about cybersecurity, and to get the best in managed IT services, get in touch with us today. Our expert team can help you make sure your business is ready for the worst-case scenario and help you manage all your IT needs.