Cloud technology turned cybersecurity on its head. The availability and scope of data, and its interconnectedness, also made it extremely vulnerable to many threats. And it took a while for companies to take this issue seriously.  1. Poor Access Management Access management is one of the most common cloud computing security risks. The point of access is the key to everything. That’s why hackers are targeting it so much.    2. Data Breach and Data Leak - the main cloud security concerns The cloud security risk of a data breach is a cause and effect thing. If the data breach happens - this means the company had neglected some of the cloud security flaws, and this caused a natural consequence. 3. Data Loss If a data breach wasn’t bad enough, there is an even worse cloud security threat - it can get irreversibly lost like tears in the rain. Data loss is one of the cloud security risks that are hard to predict, and even harder to handle.  4. Insecure API Application User Interface (aka API) is the primary instrument used to operate the system within the cloud infrastructure.  This process includes internal use by the company’s employees and external use by consumers via products like mobile or web applications. The external side is critical due to all data transmission enabling the service and, in return, providing all sorts of analytics. The availability of API makes it a significant cloud security risk. 5. Misconfigured Cloud Storage Misconfigured Cloud Storage is a continuation of an insecure API cloud security threat. For the most part, security issues with cloud computing happen due to an oversight and subsequent superficial audits.   We actually have a comprehensive article on the topic. 

The mileage can vary. Here's the overall breakdown: Simple app: No API integration No back-end Basic UI components Simple features (email subscription, social login, calendar, etc.) Time: 400+ hours Medium app: Custom UI/UX features Build-in payment gateway API integration Back-end server Time: 500 - 800 hours To read about complex app, go on our blog.

Hi, There's no best companies for any type of software development. It all depends on your business objectives, budget and an opportunity/preference to outsource. At our company, The App Solutions, we dive deep into the client's requirements to make sure we are the right company to render the service. Overall, I recommend choosing your vendor based on the following criteria: relevant expertise in the field - fintech, in your case at least 5 years of experience diverse portfolio favorable location (outsourcing destinations are the besr at giving the nicest price-value ratio). And good luck!