The benefits of cloud computing are apparent. Not only can you free up needed space on your servers and computers, it is possible to backup important data and easily share it within your company. But when it comes to data sharing and storage for your business, you might have some doubts about cloud security, specially if your business requires you to protect consumer data in a manner that is compliant with HIPAA, PCI or Sarbanes-Oxley regulations.
Is your cloud storage solution following these requirements? If they don’t specify it in their privacy policies, it’s not easy to tell. Let’s explore this further below.
Compliance
Security has long been an important issue and as increasingly more companies use the cloud for storage solutions the question arises: How secure is the cloud? Storing information in the cloud can be very cost effective, yet the cost for incorrectly handling customer data can be very high. If your organization must comply with regulations like HIPAA, your main concern is what regulations do cloud services comply with.
Who is responsible
Cloud security is vital when handling your sensitive data, but whose responsibility is it? Should you assume that if it is not explained in the privacy policy, that a service provider doesn’t adhere to these regulations? While this is clearly the safest option, it may leave you unable to use cloud computing at all. Many services don’t provide detailed information in their privacy rules, presumably to lower their liability. The hope is that with time cloud storage and sharing will become better self-regulated and corporations will decide to disclose their individual practices to the businesses they serve. While such self-regulation is not required currently, many businesses think it is their duty to display clear warnings, explaining what they don’t provide or guarantee.
Currently there’s no law in place that requires a company to divulge this information. Cloud computing services can save your business money while improving efficiency, but they may also risk noncompliance with privacy laws. This leaves the risk on your shoulders and it is up to you to weigh the benefits and threats for yourself. The topic of cloud security will probably be one of much debate in coming years. At the present time, the right road to travel is the the one that best meets your company’s unique needs.
