Cloud Computing Risks
A few months ago, my CFO forwarded me a rather sizable "pro-cloud" white paper that’s been making the rounds in a number of non-IT executive circles. The paper, written by a venture capital team and targeting CXO readers, made some valid points. But its overarching message was an unapologetic push to use the cloud "whenever and wherever you can." The word "risk" didn’t appear anywhere in the document. The benefits of cloud computing might be real, but the blatant omission of any mention of a downside has all the hallmarks of blind hyping; we wouldn’t be surprised if the authors had substantial stakes in one or more cloud providers. The paper also drives home the reality that this discussion, like it or not, is occurring far outside IT circles. In fact, some organizations are using cloud services without IT, security or risk management teams even being aware that data is leaving the network. One organization we spoke with, for example, didn’t know its employees were using Amazon’s Elastic Compute Cloud services until those employees tried to expense the bills. It was accounting--not IT--that blew the whistle.
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Cloud Computing Risks



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