Matt Dunning quotes me in “Cloud-based storage greatly increases cyber security exposures: Panel.”
Cloud Computing — Cloud computing offers opportunities for efficiency and cost savings but can introduce a host of risks in areas such as information security, reputation, business interruption, jurisdictional issues and regulation and compliance. This session will focus on the nature of the exposures associated with cloud computing services and how to address the risks looking at such mitigation areas as risk management, contractual issues and insurance coverage options.
Matt Dunning wrote an article that details the tips that our panel, and the prior presenter, Emily Cummins, gave to risk managers regarding cloud computing. We summarized the risks and opportunities related to the cloud, and gave takeaways that could be put to use after the conference ended. Matt quoted me in the piece:
Panelists said that while reported incidents of cloud-based data breaches have been scarce among manufacturers, software companies, communications firms and financial institutions, risk managers should not assume the technology can be implemented easily or without thorough risk analyses and data security control tests.
“There may have only been a few breaches so far, but risk managers have jobs and attorneys have jobs because the world continues to change,” said Scott Godes, a Washington-based attorney [formerly] at Dickstein Shapiro L.L.P.
The article has helpful pointers for risk managers considering moving their data, applications, or infrastructure to the cloud. Be sure to click on over and read the entire piece.
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