by Jonathan N
There is no doubt that Cloud Computing has grown drastically in the business world. People look to an out source to store all there information and files for their companies. The cloud computing contracts were coming in very heavily last year due to its increase in popularity. With more contracts closed customers were starting to question the intellectual protection in the cloud. Cloud service IT leaders were panicked realizing their IP was now at risk due to the possibility of information theft. The article talks about one client who exposed his companies very valuable formulas to the cloud an had to use very expensive measures to retrieve that information again. There is always a risk when handling very important information to a third party cloud company. Cloud based services introduce increase IP threats because the data hops from country to country which in some countries IP laws are very weak and can easily be threaten. To protect your companies valuable information you must follow nine important steps which are: Pick the right provider, Select the right service, Read the fine print, Add some fine print of your own, expect to pay more, Consider IP creation, Secure it yourself, Prevent a lockout, Revisit controls on a regular basis, Be prepared to walk.
This article about the protection of cloud computing is relevant to our class because cloud computing is becoming more and more popular and companies are moving toward the innovativeness of it. I think cloud computing is a great new way for companies to store all their files with a third party. But I do like how the articles enlightens us that there is a big risk involved because if the jewels of your company are provided on the cloud and it was somehow hacked into. Your business value could be gone in the matter of minutes. This articles enlightens us with the knowledge when closing a contract with a cloud service provider.
Overby, S. (2012, February 6th) How to Protect your intellectual Property in the Cloud.Retrieved From:http://www.pcworld.com/businesscenter/article/249366/how_to_protect_your_intellectual_property_in_the_cloud.html