Manju Naglapur, SVP and General Manager, Unisys November 4, 20244 Min ReadPixabayIn todays fast-paced digital landscape, cloud services have become essential for organizations looking to accelerate business innovations and limit downtime. With these opportunities, however, businesses face the challenge of balancing cost savings with security -- two priorities often seen as opposing forces.While cutting costs is tempting, especially in times of economic uncertainty, the risks of inadequate security can far outweigh the immediate savings. A single breach can lead to financial losses, reputational damage, and hefty regulatory penalties, making security investments a strategic imperative rather than an optional expense.Navigating Cost and SecurityIn Q2 2024, global spending on cloud infrastructure services grew 19% year over year to reach $78.2 billion, according to Canalys. This expansion reflects a growing reliance on cloud services as organizations seek flexibility, scalability, and operational efficiency. While the market continues to offer significant opportunities for cost optimization, it also introduces various new security challenges that businesses must confront.Emerging trends like serverless computing and containerization drive cost savings by reducing infrastructure overhead and improving the efficiency of cloud environments. Serverless architectures, for example, allow businesses to operate without the need to manage physical servers, reducing the total cost of ownership. Containerization, similarly, enhances application portability and deployment speed, allowing businesses to optimize resources and scale more effectively.Related:However, with these benefits come potential vulnerabilities. While eliminating the need to manage infrastructure, serverless computing can expose organizations to security risks if the infrastructure is not properly configured. Misconfigured serverless environments can lead to data breaches, unauthorized access or service disruptions. Such issues will likely negate initial cost savings. Similarly, while offering agility, containerization introduces risks related to container isolation and management, as vulnerabilities in one container could potentially compromise others.In addition to the technical security challenges, organizations must navigate an increasingly complex regulatory environment when adopting cloud solutions. Data protection laws such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States impose strict requirements on how businesses handle and secure personal data. Non-compliance with these regulations can result in substantial fines and penalties, making robust security measures non-negotiable for companies operating in regulated industries.Related:Balancing PrioritiesIn reality, businesses should not view cost savings and security as opposing forces. By adopting a thoughtful approach, organizations can create a cloud strategy that achieves both. To effectively navigate this balance, consider the following five key strategies.1. Conduct comprehensive risk assessmentsBefore selecting a cloud provider, organizations should assess their specific security risks and compliance requirements. This evaluation will help identify areas where cost savings can be safely realized without compromising critical security measures. A thorough risk assessment ensures that organizations allocate resources appropriately, investing in security where needed most.2. Leverage managed servicesFor organizations lacking the resources or in-house expertise to manage complex cloud environments, partnering with managed service providers (MSPs) can offer a cost-effective solution. MSPs specializing in cloud infrastructure can offer targeted services like cloud migration support, security management, and optimization of cloud-native tools, all of which help to secure the environment while minimizing operational costs.Related:3. Implement continuous monitoringTo balance cost and security, organizations must maintain vigilant oversight of their cloud services. Continuous monitoring allows businesses to detect vulnerabilities early, optimize resource usage and ensure cost efficiencies. Regularly reviewing cloud resource usage also allows businesses to optimize spending on storage and computing resources, combining security with cost efficiency.4. Optimize cloud security configurationsCloud misconfigurations can lead to vulnerabilities, such as leaving sensitive data in unprotected storage buckets. Regular reviews and automated tools designed for cloud environments can help ensure security settings, such as access to control lists and encryption policies, are properly configured and updated. By ensuring configurations are correct and aligned with best practices, businesses can prevent incidents that may incur hefty fines or recovery costs.5. Invest in employee trainingTraining should focus on the unique security challenges of cloud environments, such as identity and access management, shared responsibility models, and how to manage cloud resources securely. Ensuring employees understand these cloud-centric security aspects reduces human errors that could expose vulnerabilities. Furthermore, a well-trained workforce can leverage cloud resources more effectively, maximizing the return on cloud investments.Looking AheadThe tension between cost savings and security is not just a technical issue; it is a strategic imperative for organizations to navigate in the digital era. As cloud adoption continues to accelerate, businesses must carefully maintain this delicate balance to ensure their bottom line and security posture remain strong.Organizations can achieve the best of both worlds by adopting a cloud strategy that incorporates risk assessments, continuous education, and effective resource allocation.About the AuthorManju NaglapurSVP and General Manager, Unisys Manju Naglapur is the senior vice president and general manager of cloud, applications and infrastructure solutions at Unisys. He leads a global business unit focused on cloud transformation, application services, cybersecurity, and data intelligence. Manju joined Unisys through its acquisition of CompuGain in 2021, where he served as vice president from 2010-2022, driving strategy, sales, and service delivery. He holds an M.S. in engineering from the New Jersey Institute of Technology and a B.S. in engineering from Bangalore University.See more from Manju NaglapurNever Miss a Beat: Get a snapshot of the issues affecting the IT industry straight to your inbox.SIGN-UPYou May Also LikeWebinarsMore WebinarsReportsMore Reports