Cloud Insurance

"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 cloud service ...

Some of the most important risk lists for public cloud computing are broad and complex, such as the Cloud Security Alliance's 1.0 edition of the important risks of cloud computing. Most risk lists contain the following items: 1, network security from the point of view of IT managers, this one is still the first to take the lead. 　　 　　This article also includes some data protection and privacy subcategories, from the physical security and application security of software that is a service provider (SaaS), as well as over advertising leaks. Steve MacLellan is the Boston Fidelity Technology Group ...

As cloud computing moves into more companies, business starts looking for ways to mitigate potential risks. Companies are becoming more proficient in testing providers ' business processes and measuring their robustness, but data show they are still concerned about cloud security and reliability issues. Recently, companies began to adopt cloud insurance to protect themselves from losses. While these insurance policies have just emerged, some hurdles have been cleared for success in the market. For more than more than 10 years, insurers have provided companies with plans to cover various types of it downtime: breaches of confidentiality, legal action and loss of system downtime ...

Some of the most important risk lists for public cloud computing are broad and complex, such as the Cloud Security Alliance's 1.0 edition of the important risks of cloud computing. Most risk lists contain the following items: 1, network security from the point of view of IT managers, this one is still the first to take the lead. This article also includes some data protection and privacy subcategories, from the physical security and application security of software that is a service provider (SaaS), as well as over advertising leaks. Steve MacLellan is a senior in the Financial Services Enterprise Architecture of the Boston Fidelity Technology Group.