Are There Gathering Storms in Cloud Computing?
Cloud computing continues to spread across the corporate landscape. And, while this web-based approach can be extremely productive and cost efficient for companies of all sizes, it comes with a set of serious risks.
Most important, as companies migrate to the cloud, they wind up for a period of time seeking to integrate their legacy systems with the cloud based application. This is where cracks in the system appear, as the two systems rarely match up well at first, leaving everything vulnerable.
Case in point: when a medical service provider or law firm moves to the cloud, and something goes awry, it is possible that patient or client records may be revealed unintentionally. This can expose the firm to costly and damaging lawsuits and litigation.
Fortunately, there is a way to protect against much of this exposure through the acquisition of specially designed technology errors and omissions insurance policies.
Other precautions include:
- Affirm the quality of your cloud application provider.
- Review their security procedures to make certain they are as strong as possible. An IT person at your company may need to perform this due diligence.
HUB can assess your company’s needs and identify the ideal coverage to enable you to benefit from the upside of the cloud while protecting against the risks associated with it.
