Cloud Computing: How Can Companies Reduce the Security Risk?
July 25, 2013
Grazed from Sys Con Media. Author: Pravin Kothari.
In the last five years, organizations have increasingly embraced cloud applications to help them innovate and transform their business. Applications that automate sales processes, HR management, collaboration, email and file sharing are growing fast and enabling organizations to meet their needs in a shorter timeframe than ever before.
Cloud applications are ubiquitously employed across all industries. However, there are increased concerns about security and compliance of sensitive information, particularly in banking, insurance and in the public sector. A wide range of regulations and privacy laws make organizations directly responsible for protecting regulated information, but when this data is stored in the cloud, they have less direct control over leaks, theft or forced legal disclosure…
At the same time, leaks and thefts are occurring with increased frequency. The 2013 Verizon Data Breach Investigations Report revealed a total of 621 confirmed data breaches and over 47,000 security incidents in the last year, and a 2012 Ernst & Young survey found that only 38% of organizations implement an adequate security strategy…
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