Are you in the cloud, or thinking about it?
You know: That magical virtual space where businesses can upload or backup all their data for access anytime anywhere?
It's low cost, convenient and offsite. But is it safe?
I've been investigating this issue recently for a business acquaintance and thought I'd share a few of the facts and fears I've uncovered.
First, unless you keep your records on written ledgers and store them in a triple-locked safe, no data is 100 percent safe from hackers.
Advantages of using the cloud include:
• Saving money because you only pay for the space you need
• Flexibility to change your computing resources without capital investment
• Easy access
• Super convenience -- easy to automate uploading
But there are risks, such as:
• Loss of control; your data is with a third party
• Difficulty of changing from one provider to another
• Susceptibility to outages and system failure
• Vulnerability to hack attacks
So, what can you do to reduce some of those risks? Here are some thoughts:
• Control internal access to your data and who manages the relationship with your provider
• Do your research -- find suppliers who adequately meet your current and likely future decisions
• Fully understand security arrangements and requirements, including data encryption and password usage
• Start slowly -- upload a small amount of data and monitor how the provider performs.
• Plan for outages.
These are just headline ideas, of course. I found many of them in a useful document produced by the government's Computer Emergency Readiness Team (US-CERT). It's a great starting point if you want to learn more about cloud computing. Find it at: http://tinyurl.com/US-CERT-cloud
As I said earlier, there's no such thing as 100 percent data security. It's one reason why many businesses choose to insure against some of the risks and costs associated with breaches and other data-related business disruptions.
Every firm's needs are different but it's perfectly possible to put together comprehensive, customized coverage against these risks. If you'd like to know more, give me a quick call today.
Huff Insurance is a full service Independent Insurance Agent We have been dedicated to Protecting Lifestyles™ since 1960. We offer a full array of Personal Insurance, Commercial Insurance and Life Insurance & Health Insurance products. Call us at 410-647-111