Oh yes, how we can forget the cloud. With its ever expanding popularity and practicality, it's no wonder why cloud computing is a hit with enterprises. Several experts have dedicated articles to the benefits and drawbacks of cloud computing. Surprisingly, fewer enterprises are losing sleep over enterprise level cloud computing, despite the various high-profile cases involving data theft from cloud servers. As there are various laws of nature, there are also laws related to risks associated with cloud computing. The law of cloud computing states: the more data stored on cloud servers - the more likely it will be exploited by e-criminals, and their success rate will increase respective to the data stored on cloud servers.
Between 2009 and 2012, there have been at least 300 cases involving cloud server hackings reported to the general public. Moreover, experts predict that an unofficial number is likely much higher than reported to the public. The Identify Theft Resource Center confirmed that in the first six months of 2012, hacking was responsible for 30% of the data breached from cloud servers - a record rise. Moreover, data security analysts predict that it won't be long before this record is broken in the near future.
The impact of a data breach can be significant to say the least. Preventing such incidents can also end up costing organizations a significant monetary value, time and money dedicated on hiring data security experts will be expended as organizations look to secure their data in the cloud. Often servers have to be taken down in order to change, enhance, or update their security in order to prevent future intrusions. Therefore, the link between an offline server and workplace revenue is clearly visible, and it's easy to see why companies need to strategically mange their information security issues.
So what is the solution to the information security dilemma? The solution is to simply encrypt data stored on cloud servers. Encrypted data is of no use to e-criminals and third-parties such as customers are less likely to slap organizations with lawsuits, as encrypted data cannot be decrypted. However, encrypted data does require a significantly higher storage capacity as compared to unencrypted data.
As we have read in the past, fewer organizations are able to afford the costs related to upgrading to a system that can encrypt data in the cloud. The mere concept and design of such measures taken to secure data in the cloud can demand significant effort and time from all departments within an organization.
Luckily, software like Folder Lock is designed to encrypt data from the ground up and sync it into the cloud automatically. The software can be utilized by organization of all sizes. Data security analyst Jonathan Ladd agrees, "Organizations need not to spend thousands of dollars on having customized encryption software developed, by doing so, they waste time, effort, and resources that they can concentrate on running enterprise operations, simply purchasing a well developed and tested data encryption software is more than adequate for any organization."
As more and more organizations realize the benefits of third-party data security software capable of syncing to cloud servers, the more they can concentrate on their key organizational objectives.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.