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Is OneDrive Secure? Microsoft OneDrive for Business Security Risks

Microsoft OneDrive for Business is a cloud-based storage platform designed to help you organize, access, edit, update, and send files across devices. In 2014, Microsoft launched OneDrive, a rebranding of its original storage platform SkyDrive, with a mission to simplify cloud storage for all.

Many businesses choose OneDrive because it offers many opportunities to share and collaborate on a variety of files. This is especially the case for large companies with offices spanning countries and continents. According to Microsoft, over 85% of the Fortune 500 companies use OneDrive, including Lowe’s, Kraft Heinz, and Chevron.

Improving Efficiency With OneDrive for Business

Microsoft offers several OneDrive for Business plans to fit the price point of any enterprise. You can start as low as $5 per user per month or go as high as $35 per user per month. With greater spend comes greater storage capacity, detailed analytics, and video conferencing capabilities, among other perks. A few of the functions you can expect across all plans include:

A perfect example of OneDrive in action is the creation of a presentation deck. If you’re a Chicago-based organization with offices in Raleigh and San Francisco, you can draft an outline of the presentation in PowerPoint, then share this and any supporting files with your marketing agency in New York via the OneDrive link function. Once you have the designed copy in hand, you can ask your team across offices to provide feedback. Members can edit and comment on the same document at once, no matter where they’re located. OneDrive boosts efficiency and makes it easier to get projects done more quickly. 

OneDrive Security Best Practices

OneDrive is designed to be secure at the enterprise level. OneDrive prides itself on its commitment to the “core tenets of earning and maintaining trust: security, privacy, compliance, and transparency.” In line with this commitment, OneDrive has implemented data encryption technologies, adjustable access and sharing capabilities, and sensitive data classification opportunities. An example of these practices in play is the ability to send files with a one-time verification code. This code is emailed to the recipient upon access attempt and provides a second layer of security.

Despite these efforts, many IT teams are wary of storage platforms and their ability to keep company files safe and secure. A survey of U.S. IT and security professionals conducted by the Cloud Security Alliance found that more than 50% believe cloud storage is the riskiest cloud app category. Of those surveyed, 68.1% said they have security policies and procedures in place to ensure data security and compliance in cloud apps.

Their worry isn’t unwarranted. When a breach occurs, highly sensitive data, non-public financials, customer data, and employee records could all be compromised. Simply put, there’s a lot at stake. Many of the OneDrive for Business security concerns out there include:

Tools for Ensuring OneDrive Security

There’s hope for IT teams looking to avoid OneDrive security risks and go above and beyond the security measures offered by the cloud storage platform. Access management tools have entered the industry to provide IT and security professionals with a complete overview of their cloud storage and sharing platform and protect their organization’s data. Here are a few of the ways an access rights manager can help you:

Backup Key Data: No matter how careful you are, there’s always the chance for important data to become lost, stolen, or corrupted. In those scenarios, you need to have reliable backups stored in an easy-to-access location. For MSPs in particular, N-able Backup is the perfect solution. It streamlines and simplifies the backup process, giving you backup options, storage access, and multiple recovery tools all in the same convenient dashboard. It’s fully compatible with OneDrive as well as other platforms, such as Microsoft Exchange and SharePoint.

Making Protection a Priority

A security breach can cause serious financial and reputational damage to a company of any size. While over a quarter of security attacks involved insiders, as we mentioned, almost three-quarters were conducted by outsiders, with members of organized criminal groups behind half of these episodes. IT and security professionals must take every possible measure to ensure their data is protected—within the company and beyond.

But that doesn’t mean you shouldn’t use a cloud storage system like OneDrive. Security and convenience can go together. Access rights management tools bring a plethora of easy-to-implement security capabilities right to your fingertips. With user analytics, automated user account provisioning and deprovisioning, comprehensive compliance reports and more you can easily maintain control over your company’s most viable assets while using a cloud storage solution.