6 Ways TEM Secures Enterprise Cloud Networks

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In today’s high-speed digital age, cloud computing has become more commonplace for enterprise IT infrastructure, offering scalability, flexibility, and efficiency that were previously unthinkable not that long ago.

As forward-leaning enterprises increasingly migrate sensitive data and critical operations to the cloud, cybersecurity threats are ever present.  

From data breaches to ransomware attacks, the potential for disruption and loss is a constant concern, making heightened cloud security not just a priority, but a necessity for today’s large enterprises.

This is where telecom expense management (TEM), A.K.A technology expense management steps into the gap as a powerful ally capable of shoring up cloud security concerns.

Traditionally viewed through the lens of cost optimization and invoice management, TEM’s role in enhancing cloud security is often overlooked. Yet, TEM providers can offer support that strengthens cloud environments against the increasing threat of cyber malfeasance.

Before getting too into the details of how TEM aids enterprise cloud security, let’s take an overview of where TEM fits in here.

The Critical Role of TEM in Cloud Security

For cloud computing, security concerns are to be taken very seriously. As enterprises continue to expand their digital presence in today’s hyper-competitive world, the complexity and scope of managing these services—and by extension, securing them—escalate exponentially.  

TEM today, transcends its traditional boundaries of invoice management and day to day TEM functions to show up as a genuine and powerful ally in the cybersecurity framework for large modern-day enterprises.  

Its role is twofold: (1) safeguarding the financial investments in cloud infrastructure and (2) acting as a gatekeeper to ensure that these investments do not become liabilities in the face of cyber-crime.  

Let’s look at how TEM becomes extremely valuable in strengthening cloud security: 

  • Visibility and Control: TEM offers deep data insights into every facet of an enterprise’s cloud usage and expenses.

    This visibility is not merely financial but operational, providing a clear picture of how cloud resources are allocated, utilized, and exposed to potential security risks. 
  • Strategic Resource Allocation: By analyzing cloud service usage and costs, TEM enables enterprises to identify and eliminate redundant or underutilized services that may serve as points of vulnerability for the organization.

    This strategic pruning of resources does not just optimize spending but tightens security by reducing surface area for attack by bad actors. 
  • Compliance and Governance: Presently, regulatory compliance is generally aligned with data security concerns. TEM works with enterprises to meet and maintain stringent compliance standards demanded by cloud service providers and regulators.

    This includes everything from data protection laws to industry-specific security mandates. 
  • Proactive Risk Management: Most importantly, TEM facilitates a proactive stance with respect to cloud security. Through continuous monitoring and analysis, TEM systems can identify anomalous patterns that may indicate security breaches, enabling swift mitigation before threats escalate out of control. 

Let’s examine in more detail six ways that a reputable TEM provider can assist in securing your organization’s cloud security. 

The Six-Fold Security Strategy with Telecom Expense Management

1. Comprehensive inventory management is foundational to enhanced security

Comprehensive inventory management is powerful for enhancing cloud security through telecom expense management. It provides a detailed view of all cloud services, including IT assets and shadow IT, thereby mitigating security vulnerabilities. 

At Tellennium, we discuss the importance of comprehensive inventory management often. It’s one of the most important sources of value that reputable TEM programs bring to the table. 

How TEM Helps: 

  • Automated Discovery: Utilizes automated tools to identify and catalog every cloud asset, ensuring all services are monitored properly. 
  • Risk Assessment: Each asset is assessed for security risks, with a focus on ensuring compliance with organizational security standards. 
  • Continuous Monitoring: Keeps the inventory up-to-date, adapting to the dynamic nature of cloud service usage and mitigating risks promptly. 

TEM Results: 

  • Secures Cloud Ecosystem: Ensures that all cloud assets adhere to security policies, significantly reducing the risk of data breaches. 
  • Prevents Unauthorized Access: By cataloging all cloud services, TEM helps in securing access points and preventing unauthorized use of cloud resources. 
  • Cost Efficiency: Identifies redundant cloud services for optimization, contributing to both security enhancement and cost savings. 

2. Cost and usage analysis improve informed decision-making

TEM’s analysis of cloud service costs and usage patterns empowers enterprises to make data-driven decisions that enhance security.  

By identifying discrepancies in expected versus actual usage, TEM helps spotlight potential security issues, such as unauthorized access or inefficient resource allocation. 

How TEM Helps: 

  • Data-Driven Analysis: TEM platforms analyze usage data to pinpoint over-provisioned resources or services, which not only waste money but could also pose security risks if left unmonitored. 
  • Optimization Recommendations: Based on usage analysis, a TEM provider will recommend adjustments to align services with actual needs, closing gaps in security coverage. 
  • Anomaly Detection: Unusual spikes in service usage can indicate security incidents. A reputable TEM provider, with its technology and processes will alert enterprise partners to these anomalies for a rapid response. 

TEM Results: 

  • Targeted Security Enhancements: By reallocating resources from over-provisioned services to critical security needs, enterprises can strengthen their defenses where it matters most. 
  • Reduced Attack Surface: Streamlining cloud services to match actual usage minimizes potential entry points for cyber threats. 
  • Improved Resource Efficiency: Ensuring cloud resources are optimally allocated not only enhances security but also ensures financial resources are used judiciously, maximizing ROI on cloud investments. 

3. Contract management and compliance assurance help protect your organization

A TEM provider will help to ensure that cloud service contracts adhere to high security standards and compliance requirements. This proactivity helps to protect enterprises from the potential vulnerabilities that could arise from inadequate service provider security measures. 

How TEM Helps: 

  • Contract Review and Negotiation: TEM scrutinizes contracts with cloud providers, focusing on security clauses and compliance with industry regulations (e.g., GDPR, HIPAA). 
  • Compliance Tracking: Continuously monitors compliance status across services, ensuring that any changes in regulations are promptly addressed in service agreements. 
  • Vendor Security Assessments: Regularly evaluates cloud vendors’ security protocols against enterprise standards, ensuring continuous adherence and adjusting as needed. 

TEM Results: 

  • Enhanced Data Protection: By enforcing strict compliance and security standards in contracts, TEM minimizes the risks associated with data breaches and cyber-attacks. 
  • Regulatory Compliance: Ensures that all cloud services comply with relevant laws and regulations, protecting enterprises from legal and financial penalties. 
  • Partner Assurance: Builds trust in cloud partnerships, knowing that providers meet the enterprise’s security and compliance criteria. 

4. Optimized cloud security spending reinforces your organization's security

TEM’s capability to optimize cloud spending directly contributes to security by reallocating savings towards enhancing protective measures. It identifies areas of overspending and inefficiency, freeing up resources for valuable security investments. 

How TEM Helps: 

  • Financial Analysis: Reviews cloud spend to uncover areas of waste or overspending, such as unused subscriptions or services that exceed the organization’s security standards. 
  • Budget Re-allocation: Advises on the strategic redirection of savings into security technologies like advanced encryption, threat detection tools, or security training programs. 
  • Cost-Benefit Security Investments: Evaluates the potential return on investment for security enhancements, ensuring funds are directed to measures with the highest impact on risk reduction. 

TEM Results: 

  • Strengthened Security Measures: Allows for investment in state-of-the-art security solutions that might have been previously unaffordable, directly enhancing the cloud’s defense mechanisms. 
  • Balanced Budgets: Ensures cloud investments are both efficient and effective, maintaining financial health while prioritizing security. 
  • Proactive Risk Management: By funding more comprehensive security tools and practices, enterprises can anticipate and mitigate risks before they manifest into something dangerous.

5. Proactive identification and mitigation of security risks improves with advanced analytics

TEM utilizes advanced analytics to proactively identify potential security risks within cloud services. This foresight enables enterprises to address vulnerabilities before they can be exploited by threats, significantly enhancing cloud security posture. 

How TEM Helps: 

  • Risk Analytics: TEM platforms employ analytics to monitor cloud usage and service patterns, identifying deviations that may indicate security risks or vulnerabilities. 
  • Alert Systems: Immediate alerts are generated for unusual activity, enabling rapid assessment and response to potential security incidents. 
  • Preventative Measures: Based on analytics, TEM suggests preventative measures, such as strengthening authentication processes or updating access controls, to mitigate identified risks. 

TEM Results: 

  • Enhanced Security Readiness: Enterprises can stay one step ahead of potential threats by addressing vulnerabilities proactively, reducing the likelihood of successful cyber attacks. 
  • Timely Incident Response: Rapid identification and alerting of security issues allow for quicker response times, minimizing potential damage from breaches or attacks. 
  • Continuous Improvement: Ongoing risk analysis fosters a culture of continuous security improvement, ensuring that cloud environments remain resilient against evolving threats. 

6. Unified security policy enforcement reinforces organizational security

TEM plays a critical role in ensuring that security policies are consistently applied across all cloud services and platforms. This uniform enforcement is crucial for maintaining a strong security posture and mitigating risks across the enterprise’s cloud ecosystem. 

How TEM Helps: 

  • Policy Centralization: TEM serves as a centralized platform for managing and enforcing security policies, ensuring that all cloud services adhere to the same standards and protocols. 
  • Automated Policy Application: Utilizes automation to apply security policies across cloud services, reducing the risk of human error and ensuring swift compliance with existing policies. 
  • Regular Policy Reviews: TEM platforms facilitate regular reviews and updates of security policies to reflect evolving threats and compliance requirements, ensuring that policies remain effective and current. 

TEM Results: 

  • Consistent Security Across Cloud Services: Ensures a uniform level of security across the enterprise’s cloud services, eliminating weak links in the security chain. 
  • Adaptability to Changing Threats: The ability to quickly update and enforce new policies in response to emerging threats keeps the cloud environment secure against the latest risks. 
  • Compliance Assurance: Helps enterprises maintain compliance with regulatory requirements by ensuring that all cloud services adhere to up-to-date policies, reducing the risk of penalties and breaches. 

Final Thoughts on TEM & Cloud Security

A reputable telecom expense management partner can help safeguard your enterprise cloud environment. By utilizing a TEM in the ways discussed, enterprises gain a more robust strategy against cyber threats. 

As enterprises increasingly rely on cloud technologies, integrating TEM into cloud security strategies is not just beneficial—it’s imperative for all enterprises wishing to maximize their security measures. 

If you’d like to consider Tellennium in your telecom/technology expense management vendor comparisons, contact us to schedule a brief demo of our solution. 

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