Business Implications for Cloud Information Protection
Three specific benefits to implementing a cloud computing security system
By: Paige Leidig
Dec. 14, 2013 12:00 PM
For some organizations, cloud computing can be a hard sell, even before you come to the question of how to handle cloud-computing security. Public cloud, private cloud, hybrid cloud, encryption, tokenization, data residency, privacy regulations - all are factors involved and the perceived effort can sometimes seem to overshadow the benefits. But just as cloud computing comes with a slew of demonstrated business benefits, so does effective cloud computing security. Included below are three specific benefits to implementing a cloud computing security system.
1. Regulatory compliance prevents costly fines.
As companies begin to see cost efficiency returns from their cloud investment, they are also finding the need to deploy a robust security system to protect customer data while complying with privacy regulations to mitigate against costly fines and reputational damage.
2. Cloud computing security preserves consumer confidence.
And cyber crime is on the rise. Ponemon Institute recently reported that organizations suffered an average of nine cyber attacks in 2013 and that 50 percent of survey respondents indicated that these breaches successfully stole sensitive information. With the bulk of the holiday shopping season remaining, this is the most profitable time of the year for retailers, banks and card processors. But since cyber criminals follow the money trail, now is also the time for businesses to shore up their data protection measures through encryption and other recommended security practices from PCI and the 40-some breach notification mandates in the US.
3. Secure cloud computing improves reliability and flexibility and lowers costs (lower TCO).
Shagin points out that the economies of scale in the cloud allow for greater reliability, since "the vendor is more able to give 24/7 technical support and highly trained experienced staff to support the infrastructure at its best condition." Additionally, cloud computing can reduce business costs by shifting the burden of IT staffing away from your enterprise and onto the cloud provider, as TechRadar's Kate O'Flaherty observes.
Cloud computing is essential in creating an ecosystem that scales and adapts in the data-centric environment that drives business. In this data influx, cloud, and more important, security, ensures success and safety for customers, employees and the entire business today.
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