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ARTICLE · 31 JULY 2011

Cloud Perils: Risks, Security & Insurance - When Considering Cloud Computing Be Aware Of The Risks Of Relinquishing That Control Over Data To A Third Party

The trend toward cloud computing continues to pick up momentum.

United StatesMedia, Telecoms, IT, Entertainment

Originally published in the Hospitality Upgrade - Summer 2011

The trend toward cloud computing continues to pick up momentum. Increasingly, individuals and corporations are entrusting to "the cloud" information as varied as family photos, vacation videos, contact information and sensitive business information, including customer account data and employee information.

Those selling cloud computing services speak to the numerous advantages of cloud computing, including claims of cost savings and enhanced data security. There has been some debate regarding the accuracy of these claims, especially involving those promises of heightened data security. Individuals, small businesses and large institutions opting for cloud computing give up one central dynamic: direct control of the stored or processed information. Those considering cloud computing must size up the risks of relinquishing that control over data to a third party. Fueling the debate over the safety of cloud

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