Easily Applicable Ways to Secure Digital Business Assets

Cloud services are a modern and one of the most convenient ways for digital asset custody. Its efficient benefits and features have made most enterprises worldwide adopt a multi-cloud strategy.

Any business that insists on using traditional storage for digital computer assets risks losses, theft, and failure. One of its worst disadvantages is its inability to protect digital assets. Some easily applicable ways businesses like yours can protect assets stored via cloud services.

Digital assets in a nutshell

Digital assets are contents in diverse formats with value to the business and stored digitally. Examples include audio files, video files, PDFs, Spreadsheets, decks, images, codes, etc.

Why stored in cloud services?

Businesses need effective digital asset custody because of the following:

• To make sure files are readily available when required.
• Save costs involved in traditional storage of assets.
• Make the team members collaborate, meet online, share, and work on different content.
• Reduce the carbon footprint.
• Compete with competitors that are technology driven.

Examples of cloud services businesses use

• Software as a Service (SaaS): e.g., Microsoft Office 365, Slack, Salesforce, etc.
• Platform as a Service (PaaS): e.g., Google App Engine, Heroku, etc.
• Infrastructure as a Service (IaaS): e.g., Dropbox, Microsoft Azure, etc.

Ways Small Businesses can get started with digital asset custody via cloud

Virtual Private Network (VPN)

VPN is an internet security service that secures the connection between servers and user devices through encryption. VPN protects your business data and makes it private. The information is routed through the VPN server, stopping anyone from checking your activities on the internet.

Avoid public internet connection

Public internet connections through Wi-Fi are risky, especially without a VPN. Avoid frequent public internet connections to safeguard your digital assets from hackers. Hackers can set up a rogue Wi-Fi and connect to it, exposing your device and assets to attack, infection, and sensitive data breach.

Use data anonymization

Data anonymization safeguards your digital assets stored in cloud services. It protects sensitive information by encrypting identifiers connecting a person to data or erasing it. Methods of data anonymization to protect your digital assets include:

Data perturbation involves slightly altering the original value of datasets through extra noise and rounding up numbers.

Generalization removes some of the data to make it hard to identify. Doing so minimizes the rate at which people can get your address while ensuring that your provided data is within the accuracy range.

Data masking hides the original data value with altered values, which makes it harder for hackers to use detection or reverse engineering to get access to your sensitive details for your cloud services

Data swapping involves re-arranging datasets attributed to values to mismatch with the original details. With this, a pair of records with related attributes are created and interchanged to reduce the risk of sensitive data disclosure.

2-Factor Authorization (2FA)

2FA is an additional layer of security that asks for extra credentials besides entering a username and password. After initial login to your services, you will need to provide extra information.

Soft token

A popular 2FA among businesses. This works through a one-time passcode or soft token. A 2FA app must be downloaded for this to work. A user then needs to run it to get a secure token.

With digital assets gaining popularity, customers are increasingly looking for trusted and secure solutions to store digital assets. DBS Digital Custody offers customers an institutional-grade solution to safe keep digital assets, providing greater assurance and peace of mind.

DBS Digital Custody offers customers an institutional-grade solution to safe keep digital assets, providing greater assurance and peace of mind when administering and storing digital assets.