Wednesday, December 07, 2011 5:45:38 PM
Data security is a rising problem for organizations as they combat cybercrime and aim to reach compliance regulations, but cloud computing is quickly proving to assist many businesses with data protection needs.
According to a recent R & D Magazine report, data storage and security demands are forcing enterprises to adapt and transition important business tasks to a cloud environment, which can cut costs, improve flexibility and make compliance standards more attainable.
"If your competitors move to the cloud and you don't follow, that gives them a distinct advantage, because it introduces more intimacy in their relationship with their customers, so they can react to what customers want more quickly," said Michael Shaw, a University of Illinois professor of business and the chair of Information Systems at the university, as reported by the source.
Shaw also expressed his opinion on security in the cloud, as some companies have remained hesitant to allow public cloud providers access to private business data. According to Shaw, no aspects of business are completely risk-free, and the cloud provides a potentially secure solution to data storage when it's managed correctly, the report said.
A recent Ponemon Institute survey revealed more than half of compliance officers think their organizations have satisfactory policies to allow safe and secure data storage in the cloud.
-McAfee Cloud Security