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.
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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.
Posted by: Minnesota Insurance | May 24, 2012 at 09:00 PM
nice information.
Posted by: tarun | March 14, 2012 at 02:47 AM