Navigating the risks of storing information in the cloud -- FCW

As the move to the cloud hastens, however, organizations and individuals
share concerns over the risks associated with storing critical and often
sensitive information, including records and personal information in the
cloud. A recent MeriTalk survey discovered that four out of five federal IT
professionals do not feel confident in their cloud vendor's security,
including the ability to provide FISMA compliance.

Concerns range from vulnerability to hacking to data ownership to the
stability of cloud providers. In an extreme example, the Labor Department
and General Services Administration are now spending more than $23 million
to rescue financial data from a bankrupt cloud-based financial management
system vendor.


http://bit.ly/10VcDRR

Source:
http://fcw.com/articles/2014/10/08/risks-of-information-in-the-cloud.aspx
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