<h2 style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="font-weight: bold;">Risk Assessment: Financial Data in the Cloud<br />
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<p style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Conducted a thorough risk assessment to identify and evaluate risks related to data security and compliance. Financial Data in the Cloud u</span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">sed tools like AWS Inspector or GCP Security Command Center to assess the cloud environment’s security posture.<br />
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Data Protection:<br />
</span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Implemented data encryption both at rest and in transit using AWS KMS or Google Cloud KMS for key management. </span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Applied tokenization for sensitive payment information to reduce PCI DSS scope.<br />
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Access Control:<br />
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<p style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Utilized IAM roles and policies to enforce the principle of least privilege. </span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Enabled Multi-Factor Authentication (MFA) for all users accessing the cloud environment.<br />
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Network Security:<br />
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<p style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Deployed Virtual Private Clouds (VPCs) with subnetting to isolate different parts of the infrastructure. </span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Utilized Web Application Firewalls (WAFs) and DDoS protection (AWS Shield, Google Cloud Armor) to protect against external threats.<br />
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Monitoring and Logging:<br />
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<p style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Integrated AWS CloudTrail and GCP’s Cloud Audit Logs to monitor and record all actions taken in the cloud environment. </span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Used Amazon GuardDuty or Google Cloud Security Command Center for threat detection and continuous monitoring.<br />
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Compliance Audits and Certifications:<br />
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<p style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Regularly conducted internal audits using automated compliance scanning tools. </span><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Worked with external auditors to obtain and maintain PCI DSS certification.<br />
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<h2 style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="font-weight: bold;">Incident Response Plan:<br />
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<h2 style="margin: 0; color: #000000; font-size: 11pt; font-family: 'Arial'; line-height: 1.1500000000000001; orphans: 2; widows: 2; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Developed and tested an incident response plan tailored to financial data breaches, including immediate notification procedures and remediation steps. In the event of a breach, it&#8217;s crucial to manage roles and permissions effectively within your data warehouse. For example, in <a href="https://cloudastra.co/blogs/manage-access-control-efficiently-with-role-hierarchies-in-snowflake">Snowflake grant role to role</a>, you can ensure that roles have the appropriate hierarchical permissions by executing the <code>GRANT ROLE</code> statement: <code>GRANT ROLE &lt;child_role&gt; TO ROLE &lt;parent_role&gt;;</code>. This command helps streamline access management, reducing the risk of unauthorized access and aiding in a swift and secure response to data breaches.</span></h2>
<p>&nbsp;</p>
<p style="margin: 0; color: #000000; font-size: 11pt; line-height: 1.1500000000000001; font-family: 'Arial'; orphans: 2; widows: 2; height: 11pt; text-align: left; padding: 0pt 0 10pt 0;"><span style="color: #000000; font-weight: 400; text-decoration: none; vertical-align: baseline; font-size: 11pt; font-family: 'Arial'; font-style: normal;">Do you like to read more educational content? Read our blogs at <a href="https://cloudastra.co/">Cloudastra Technologies</a> or contact us for business enquiry at <a href="https://cloudastra.co/contact">Cloudastra Contact Us</a>.</span></p>
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Blog Details

Securing Financial Data In The Cloud: Best Practices For Compliance And Risk Mitigation