Financial Information on the Cloud: Considering the Role of Trust

Grazed from Business Insider.  Author: Editorial Staff.

Cloud computing is the latest buzz word. Many companies are adopting this convenient, on-demand service to enable themselves to save the costs involved in establishing computing infrastructure such as hard drives, development platforms, databases, computing power, or complete software applications.

Whether you are using public cloud, private cloud, virtual private cloud and/or hybrid cloud for your organization, cloud computing focuses on core business processes and offers greater efficiency by allowing data center upkeep and maintenance to be managed offsite. Cloud computing is certainly an alternative technology to get the job done in with less money.

Cloud computing has penetrated each and every department of any organization including human resources, maintenance/operations, marketing, product development, IT (maybe), logistics (if shipping/movement of items), customer service (if needed)/product support, and legal (if a large corporation)...

CloudPassage Launches Halo NetSec to Automate Strong Network Security in the Cloud

Grazed from MarketWatch.  Author: PR Announcement.

CloudPassage, the leading cloud server security company, today unveils Halo NetSec, an automated solution that provides advanced network access control for servers running in public clouds including Rackspace and Amazon EC2. Halo NetSec is specifically designed for multi-cloud environments, installs in less than five minutes and provides administrators with easy-to-manage perimeter controls.

"Cloud computing has ushered in a new set of security risks and challenges that are not addressed at the IaaS level, and traditional firewall defenses do not adequately translate into the cloud," said Andrew Hay, senior security analyst for 451 Research. "A host-based server security solution designed specifically for cloud environments picks up where the IaaS leaves off, providing organizations with the scalable security they need to consider when migrating traditional on-premise systems to the cloud."...

Beware cloud computing’s trapdoors

Grazed from The Globe & Mail.  Author: Grant Buckler.

The toll of cyber crime appears to be rising as criminals become more sophisticated and more focused on financial gain. And while businesses are doing a bit better at protecting themselves, criminals have become better at bypassing the standard security measures, experts say.

To complicate matters, more businesses are adopting cloud computing, in which they run software and store data on computers outside their own premises and their own direct control. (The term can also refer to internal or private clouds, which distribute work over multiple servers but only within an organization.)...

Cloud Security, Costs Concern Federal IT Pros

Grazed from InformationWeek.  Author: J. Nicholas Hoover.

Federal IT managers are working to adopt cloud computing technologies and comply with White House cloud computing initiatives, but aren't yet sold on cloud computing's cost savings or security, according to a recent survey.

According to the survey by research group the Ponemon Institute, 91% of federal IT workers are either somewhat or very familiar with the Office of Management and Budget's Cloud First initiative, but 69% believe that the initiative's requirement to move three services to the cloud over 18 months is too fast. In fact, 71% of respondents said that pressure to move to the cloud creates security risks for their organizations...

Cloud-Based Security Is Gaining Momentum

Grazed from InfoBoom.  Author: Shawn Drew.

Sourcefire recently announced the release of its FireAMP software, which harnesses the power of the cloud to provide malware protection to businesses. The release is one more example of the rise of cloud-based security, which uses the massive computing power of the cloud to provide solutions that would have been unthinkable just a few years ago.

Catbird Unveils Next Generation Security for Virtualized and Cloud Computing

Grazed from MarketWatch.  Author: PR Announcement.

Catbird, the pioneer in comprehensive security and compliance for virtual, cloud and physical networks, today announced the next generation of its award-winning vSecurity®. vSecurity 5.0 will empower IT managers with the control and assurance they need to capitalize on the benefits and cost-savings of virtualized and cloud computing.

Security and compliance are the principal objections affecting virtual and cloud rollouts. Legacy security monitoring and compliance tools cannot reliably protect increasingly complex and dynamic IT environments created by virtualization. Catbird has pioneered a new class of automated security that is context-aware and adaptive to the fluid and mobile nature of virtualized data centers. vSecurity 5.0 integrates directly with the hypervisor to provide comprehensive and automated control, visibility and efficiency. Its vCompliance® engine monitors and enforces virtualized data center compliance with PCI, FISMA, NIST, HIPAA and other standards for regulated industries looking to take advantage of virtualized infrastructure for their mission-critical computing...

The Patriot Act and your data: Should you ask cloud providers about protection?

Grazed from InfoWorld.  Author: Stephanie Overby.

Worries have been steadily growing among European IT leaders that the USA Patriot Act would give the U.S. government unfettered access to their data if stored on the cloud servers of American providers -- so much so that Obama administration officials last week held a press conference to quell international concern over the protection of data stored on U.S. soil.

Patriot Act Games
The unease over the reach of Patriot Act provision -- which expands the discovery mechanisms law enforcement can use to access third-party data -- has been amped up by the sales and marketing efforts of some European cloud providers, seeking to set apart their services as a way to keep corporate data out of the hands of the American government. The most blatant examples are two Swiss companies touting their cloud options as "a safe haven from the reaches of the U.S. Patriot Act," but it's become a popular topic at negotiating tables across the continent...

Calls for cloud security transparency getting louder

Grazed from TechTarget.  Author:  Michael S. Mimoso.

Cloud security transparency today equates to a non-disclosure-agreement discussion between an enterprise and service provider over the provider’s controls. The end result may satisfy the customer and lead to business for the provider, but the process isn’t efficient for either side.

A lot of CIOs are fearful they don’t believe they know enough about the cloud.

Chris Richter, vice president of managed security services, Savvis.

Despite several standards-based efforts, providers don’t have a repeatable mechanism for these types of interactions, and customers often don’t get an apples-to-apples comparison of providers...

Quantum leap in the works for super-secure cloud computing

Grazed from CNBC.  Author:  Alan Boyle.

If the future is heading toward "cloud computing," where most of your data lives on someone else's server, can you trust the cloud to keep a secret? Researchers say they've found a way to guarantee that your information will be secure in the cloud, using quantum entanglement.

The technique is called blind quantum computing, and it adds one more piece to a puzzle that could eventually be assembled into an entirely new infrastructure for data processing. Theoretically, quantum computers could outdo classical computers when it comes to making weather predictions, simulating biological processes, analyzing chemical reactions and, not incidentally, deciphering secret codes. Data security could become an even bigger issue than it is today...

Kaspersky introduces new cloud edition of Hosted Security

Grazed from Computer Business Review.  Author: Editorial Staff.

Kaspersky Lab is inroducing a new edition of Kaspersky Hosted Security, its cloud-based security for web and email, to help channel partners support smaller firms in addressing the security implications of trends such as consumerisation, the increased use of mobile devices and social media, cloud computing and virtualisation.

Kaspersky Hosted Security doesn't require any investments in IT infrastructure or equipment, no specialist security skills and can be easily scaled up or down to meet changing business needs...