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In Cloud Computing

Myth 4: Cloud Computing Causes Additional Issues under Privacy Law because Data is Transmitted Internationally

by 1 Min Read

Fact is for most companies that they are already transmitting data internationally, because they use the Internet (for example, to email spreadsheets to various office locations), or because they have subsidiaries, customers, suppliers or channel partners in other jurisdictions. In most cases, data transfers occur because data is needed in different jurisdictions, not because of where the data is stored. With respect to employee data in a global human resources information system, for example, companies…

In Cloud Computing

Outsourcing to the Cloud for Financial Institutions

by 4 Mins Read

Part of the b:INFORM 2015/2016 Cloud Survey Trend SeriesMany banking regulators consider cloud computing to be a form of outsourcing. For supervised financial institutions, use of external cloud computing for material business functions is a regulated activity. Previously issued guidance by financial regulators on outsourcing and offshoring is likely to apply to cloud services, in addition to specific cloud related statements.Board Level Attention RequiredThe FFIEC in the US, the FCA in the UK, and APRA…

In Cloud Computing

Fast Moving Fronts: 3 Things You Need to Know About How Better, Faster, Cheaper Is Impacting Your Enterprise’s Use of the Cloud

by 3 Mins Read

Part of the b:INFORM 2015/2016 Cloud Survey Trend Series1. Cloud deals are taking less time to completeAccording to our survey, 92% of cloud services negotiations close in less than 6 months, with a majority closing in less than 2 months. These results represent an increase in speed to closure compared to our results last year. Better, faster, cheaper is not just the mantra, but is showing up where the rubber meets…

In Cloud Computing

Global Enterprises and the Cloud

by 4 Mins Read

Part of the b:INFORM 2015/2016 Cloud Survey Trend Series1. Cloud adoption continues to gain momentum across all regionsOur survey finds that over 90% of the respondents are actively engaged in the cloud marketplace, either as buyers or sellers of cloud offerings, and the adoption of cloud computing continues at an accelerated pace. More than a third of the respondents are global enterprises operating in multiple regions around the world (North America, Asia-Pacific, Europe, Latin…

In Cloud Computing

Integration of Bundled Cloud Offerings

by 4 Mins Read

Part of the b:INFORM 2015/2016 Cloud Survey Trend Series1. Buyers and Providers Identified Integration of Bundled Cloud Offerings as a Key TrendAccording to our survey, both Buyers and Providers identified the integration of bundled cloud offerings as a key trend going forward. Increasingly, according to our survey, business solutions will be comprised of more than one cloud offering. For example, a solution may include a platform as a service component provided…

In Cloud Computing

The Importance of Security in the Cloud: Security and Audit

by 3 Mins Read

Part of the b:INFORM 2015/2016 Cloud Survey Trend Series1. Importance of SecurityConsistent with last year, our survey identified security and privacy at the forefront of buyers’ and providers’ minds in relation to cloud services. Security (88%) and Privacy (73.3%) topped the list of buyers’ primary hesitations in deciding whether to buy cloud services. More than a majority of buyers were also concerned with control and regulatory compliance as well. The importance of security was…

In Cloud Computing

Cloud Myths Series – Myth #3 – Is Cloud Bad for Data Security?

by 2 Mins Read

We’ve given our take on some of the common misconceptions about cloud computing that are expressed by the public (see Myth 1 and Myth 2). Join us now as we focus on the security of cloud computing.Myth 3: Cloud Computing is Bad for Data Security.The fact is that employee malice and negligence (e.g., lost laptop, smart phone, etc.) cause many data security breaches, and hacks by cybercriminals are also on the rise. Whether personal data…

In Cloud Computing

Cloud Computing Survey Shows Security & Privacy are Critical to Negotiations

by 2 Mins Read

“Security and privacy are among the most heavily negotiated terms in cloud contracts and it’s disagreements over the arrangements for these safeguards which are most frequently cited as the reason for negotiations not reaching a satisfactory conclusion.” – Michael Mensik Security and privacy are among the primary concerns of buyers and suppliers of cloud services according to nine out of ten companies, surveyed from 279 global business insiders. This is one of the many findings…

In Cloud Computing

Cloud Myths Series – Myth #1 – A Unique Challenge?

by 3 Mins Read

Welcome to our new series dispelling some of the most common myths around data privacy and security in cloud computing solutions. This series will equip you with:a solid understanding of the pros and cons of cloud computing for privacy compliance;an increased ability to discuss challenges with customers and providers; andpractical guidance for contracts between vendors and customers.BackgroundThese days, it is hard to imagine a world without cloud computing. Businesses of any size and nature have…