This week in the States, the Nation celebrates it’s Independence and many people will be attending or setting off their own fireworks show. In Hawaii, fireworks are shot off more during New Year’s Eve than on July 4th and there is even Daytime Fireworks now.
Cloud computing is exploding like fireworks with all the Oooooooo’s and Ahhhhhhh’s of what it offers but the same groan, like the traffic jam home, might be coming to an office near you.
Recently, Ponemon Institute and cloud firm Netskope released a study Data Breach: The Cloud Multiplier Effect, indicating that 613 IT and security professionals felt that deploying resources in the cloud triples the probability of a major breach. Specifically, a data breach with 100,000+ customer records compromised, the cost would be just over $20 million, based on Ponemon Institute’s May 2014 ‘Cost of a Data Breach’. With a breach of that scale, using cloud services may triple the risk of a data breach. It’s called the ‘cloud multiplier effect’ and it translates to a 3% higher risk of a data breach for every 1% increase in the use of cloud services. So if you had 100 cloud services, you would only need to add 25 more to increase the possibility of a data breach by 75%, according to the study.