06 July 2011 16:17:56
Given the growing enthusiasm surrounding the cloud across industries, regulators and interest groups are starting to turn their attention to developing standards for the technology.
According to a recent Wall Street & Technology report, the need to establish standards for cloud in capital markets is particularly pressing, as businesses within this industry are faced with stricter data security needs than others.
The news provider noted that several industry groups, including the Cloud Security Alliance and the Enterprise Cloud Leadership Council, are already taking steps to introduce regulations to the cloud. This will undoubtedly be an important step in bolstering confidence in cloud security and other concerns that have stunted its growth in recent years.
However, Wall Street & Technology acknowledged that challenges with cloud regulations remain, including issues of accountability and cross-border data ownership. Additionally, more issues concerning data management will also likely arise, the report stated.
One organization that is working to establish standards regarding the cloud is the Cloud Standards Customer Council. The cloud advocacy group recently announced that it has approved several working groups designed to address certain prevailing issues in the cloud, such as interoperability and legal considerations.
-McAfee Cloud Security