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Cloud security remains a top concern

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A lack of trust in the cloud has hindered the migration to the online storage solution for many small-business owners throughout the United States. Cloud security is so important because owners at small firms must protect their business critical information and the data they store about their customer base.

According to recent research compiled by data security company GreenSQL. Fifty-one percent of respondents have a security concern about moving their application to the cloud, while 31 percent don’t trust the level of security in cloud services.

“The painful fact is that most of the time, as a cloud customer, you will be sharing the same hardware and network with others, which means that security must come first,” said David Maman, chief technology officer at GreenSQL, reported TechTarget.

Databases need to stay protected
Small-business owners who lose customer information, as well as their own, can put themselves at serious risk of potential litigation. With this mind, it is critical to remain protected with cyberliability insurance policies. The survey found 22 percent of respondents are afraid of losing control on data secured in the cloud, and with these concerns in mind, it may be difficult to make the full switch to the online storage solution.

“The core of your business is the information you store – your customers’ data and your company’s financial information,” said Maman, according to the website. “The majority of the time, that information is stored inside of a database.”

Security must be of high importance
The GreenSQL survey revealed 59 percent of respondents said the cloud is a must for their operation, and these firms need to focus on having a safe, secure cloud that they can store information on without worrying about potential data loss risks.

Small-business owners who do some research on cloud providers can begin using the solutions with fewer security flaws, which can make it more difficult for their cloud environment to become compromised by a computer hacker or cybercriminal.

“If information is the real currency of your business, then the database is the safe storing this currency,” continued Maman, the site reported. “Therefore, you have to make sure cloud service providers use all possible protection measures available.”

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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