Cloud computing is the process of outsourcing data from privately owned computers for storage on remote servers. The service is gaining popularity particularly among organisations that want to store and manage data with cheaper, smaller and more efficient processors that consume less energy than standard systems.
In spite of the economic and convenience benefits that come with cloud services, there have been security concerns over the threat of hacking , lack of back-up, should remote servers fail and lack of privacy protection. In addition, due to the use of virtual machines by most cloud vendors to store data for multiple companies on a single server or processor, there is a perceived lack of control and an increase in the likelihood of data leakage and security breaches.
Thankfully, it appears that most cloud vendors and cloud server hosting service providers such as Peer 1 are working very hard to address growing concerns as more requirements and challenges emerge.
What steps should be taking to ensure the security and safety of cloud computing? Do you agree with suggestions that creating a global cloud security standard will ensure that cloud providers are more accountable for the services they provide?