Risk Management in the Cloud

Good post on risk management considerations when using cloud services from CyberInquirer – The Dos and Don’ts of Navigating The Cloud: A Business Guide For Cloud Computing. Note that the suggestion of changing vendor contracts with more favorable terms may not be available for smaller businesses.

Related, all companies with confidential data should be purchasing Cyber Risk insurance with limits adequate for the exposure and coverage matching the type of account.

Cyber Risk & Encryption: see our prior post and special information on our web site (here) on encryption and underwriters’ perspectives.

Specialty Insurance Expertise: Tennant Risk Services
Supporting Insurance Entrepreneurship: Tennant Capital Partners

Comments

[Minnesota Insurance]

It's no doubt that the "Cloud" can increase efficiency, but that benefit certainly comes with added risk of hacking, inadvertent disclosures, and data loss. As our business world becomes more complex, I can only imagine that the insurance policies that cover said risks will follow.

[tarun]

nice information.