Five Insights for Building Trust in the Cloud

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Why now?

Whether IT professionals like it or not, cloud computing services have become an integral part of day-to-day business activities. Between 2010 and 2012, cloud adoption rates nearly doubled. Those who have embraced cloud-based services have generated internal efficiencies, attracted new customers, discovered new avenues to market their products, increased internal collaboration and gained an overall advantage over their competitors.

IT executives who have not worked with the business to embrace the cloud have seen a marked increase in shadow IT within their organization and a corresponding decrease in their influence within the organization. In EY's 2013 Global Information Security Survey, only 17 percent of participants indicate that their information security function fully meets the needs of the business. Changing information security's mindset to help the business find a path rather than block it is the challenge that organizations face.

Cloud-based services are here to stay. IT functions need to learn to either work with them or suffer the cybersecurity and financial consequences that may result in having cloud adoption take place without the input and value of IT.

Not that long ago, cloud computing was little more than a speck on the horizon. We heard reports of it rapidly becoming a mainstream technology, but it had yet to make a meaningful impact on our technology landscape. According to EY's Global Information Security Survey, in 2010, 30 percent of respondents indicated that their organization used or was planning to use cloud computing-based services. In 2011, the percentage had risen to 44 percent. By 2012, cloud computing had reached a technological tipping point: Almost 60 percent of survey respondents said their organization was using or planned to use cloud computing services. And yet, 38 percent of respondents said that they had not taken any measures to mitigate the risks of using cloud computing services. This disruptive technology was advancing faster than many could secure it.

A more recent Forrester Research report suggests that for 73 percent of surveyed businesses in Europe and North America, security remains a major concern when considering cloud computing.

One of the first principles of improving information security is taking control of your environment. It would therefore feel counterintuitive for an organization to surrender control of its IT infrastructure and data to a third party. And yet this approach may offer the best opportunity to address increasingly complex security and privacy challenges. Rather than becoming an organization's worst security nightmare, cloud computing platforms may offer its best hope to create a more secure IT environment by strengthening controls and improving information and security capabilities.

Here are five insights for executives from EY for creating an environment that is secure, trusted and audit-ready.


Related Topics : Vulnerabilities and Patches, Resellers, Broadcom, Broadband Services, Supercomputing

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