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Security Issues in Cloud-Based Businesses

Cloud-based Business is a Business running and relying on Cloud computing IT paradigm. Cloud computing is an emerging technology paradigm that transfers current technological and computing concepts into utility-like solutions similar to electricity and communication systems. It provides the full scalability, reliability, computing resources configurability and outsourcing, resource sharing, external data warehousing, and high performance and relatively low cost feasible solutions and services as compared to dedicated infrastructures. Cloud-based Businesses store, access, use, and manage their data and software applications over the internet on a set of servers in the cloud without the need to have them stored/installed locally on their local devices. The cloud technology is used daily by many businesses/people around the world from using web based email services to executing heavy complex business transactions. Like any other emerging technology, Cloud computing comes with a baggage of some pros and cons. It is very useful in business development as it brings amazing results in a timely manner; however, it comes with increasing security and privacy concerns and issues. In this paper we will investigate, analyse, classify, and discuss the new security concerns and issues introduced by cloud computing. In addition, we present some security requirements that address and may alleviate these concerns and issues.