Cloud Storage Hack: 4 Reasons Why Some Cloud Storage Solutions Aren’t Secure Enough for the Boardroom

With the increase of hacking activity around the world, user data has become more valuable and is becoming a viable form of currency for hackers. The usernames and passwords of many cloud storage solutions when stolen are sold, which creates access to vital information that you happen to be storing. With each hack that does happen, it acts as a reminder why cloud storage and file-sharing service should not be used for storing and sharing sensitive board documents.

However, many users and businesses rely on cloud storage because of the widespread availability of high-speed network connectivity and the declining cost of storage much easier fashion. Nevertheless, the cloud storage solutions are so popular, pose a serious security risk.

Cloud Storage Drawbacks and Why Diligent Boards is the Solution

Here are some issues with cloud storage solutions and how to compare them to diligent boards :

  1. Multiple instances of files. Some cloud storage solutions, by default, create a duplicate mirror folder on each user’s computer, containing all the files uploaded to the cloud. Once the link between the local and the cloud folder is severed, the separate folders become separate. Diligent Boards does not create multiple instances of files; however, your files are independent of internet connection, which gives you the ability to work on board when on the go.
  2. You do not know where your files are. With Cloud storage, users have their own “cloud-stored” files. Cloud storage services do not disclose this information, nor do they disclose which other companies’ files share the same server or servers. According to InfoWorld , “multi-tenancy” -the practice of storing the files of multiple customers on the same server-poses not only the risk of private data, but also that of data theft due to vulnerabilities in other tenants ‘files. With Diligent Boards, your files are stored on our secure data centers, ensuring accessibility and protection from outside threats.
  3. Data on a laptop can not be remotely wiped. While some cloud storage solutions provide the ability to remotely wipe files from a laptop or device containing sensitive data, it can only do so. Without internet connection, there would be nothing to prevent from copying the files from your cloud storage folder. With Diligent Boards, you have portal security with remote locking capabilities. In addition to the remote locking capabilities, Diligent Boards also has a remote “wiping” capability, giving you the ability to protect sensitive information in the off-chance that your device is lost, stolen or compromised.
  4. No control over the encryption / decryption key. Most cloud storage solutions, not the user, holds the encryption / decryption keys for the user’s files. If this key falls into the wrong hands (as, according to Symantec , what the case in the Stuxnet malware attack) a company’s files may be compromised. With Diligent Boards, your files are encrypted and backed by the world’s top security certifications. With ISO-27001 and TRUSTe certifications, your information always wants to be safe with Diligent.

Board Portal Buyer’s Guide

With the right Board Portal software, a board can improve corporate governance and efficiency while collaborating in a secure environment. With lots of board portal vendors to choose from, the whitepaper contains the most important questions to ask during your search, divided into five essential categories.

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