Cloud Insurance promotes the adoption of cloud technology

"If you're worried about safety, I'll ask: Would you hide the money under the mattress?" We put money in the bank because it's safer, not just physical. A lot of security comes from the insurance coverage of bank deposits. -Alexander Pasik, IEEE chief information officer, compares cloud service providers and banks. When evaluating cloud technology platforms, CIOs increasingly need insurance coverage for potential losses in the event of a failure, in addition to conventional features such as security, flexibility, reliability, and accessibility. Cloud Insurance is one of the methods of enterprise risk management, which promises that the cloud service provider should provide financial compensation for failure. Insurance can be purchased as part of a cloud service provider's service level agreement, or through a separate purchase by a Third-party insurance company that cooperates with the provider, as cloud service providers are usually small new businesses that can be fatally hit by security incidents. There are several reasons why traditional IT companies are sceptical about moving to cloud services. Cloud technology lowers users ' control over their own data, which means that software developers or providers are the only lines of information. Developers and data/application trustees should be wary of multiple risks. Some public cloud providers compensate for system downtime, but do not compensate for loss of business during cloud service outages. Cloud Insurance covers the potential business losses of an enterprise during downtime. For example, Cloudinsure is a cloud insurance platform dedicated to cloud environmental accident responsibilities, providing underwriting strategies and critical evaluations that support the full adoption of cloud technologies by the enterprise. These cloud insurance platforms/providers assess the risk profile of each cloud service provider. The underwriting situation depends entirely on the data risk situation of the enterprise, the provider, and the selected cloud environment: The infrastructure is the service (IaaS), the platform is the service (PaaS), or the software is the service (SaaS). Another way to deal with cloud insurance involves data backup but without any financial compensation. In this case, a Third-party service provider periodically extracts snapshots of the provider's cloud environment, including data and application data. This approach is suitable for sensitive but important data, such as photos and videos. The cloud has been there for some time, and while it is more common to switch to the cloud, the reality is that the cloud is migrating more slowly. Cisco's survey of global IT personnel suggests that it takes about six months to deploy a cloud application, but many people claim that the probability of completing a cloud migration project within six months is lower than the probability of seeing a UFO. When making decisions about cloud migration, be aware that the concept of cloud insurance does not represent a lack of security or reliability in cloud technology. Salesforce, Amazon and Google spend a great deal of time and energy each year researching security and reliability, and mortgaging their reputations here. At the same time, more and more people think that data is more secure in a mainstream cloud platform than in its own data center. "Responsible editor: Oo child TEL: (010) 68476606" Original: Cloud insurance to promote the use of cloud technology return to network security home