Is Your Data As Safe As You Think? More Than Meets The Eye In the Cyber WorldBy Mark R. Smith, Editor-in-Chief
October 1, 2013
Posted in: News
Consider the plight of a new company, particularly, how it handles
its data. Fledgling companies often have very little value and may have
to take significant risks, and outsource almost everything in the
process, to get off the ground. These days, much of whatever data they
have ends up in the cloud.
If all goes well, once they turn the corner and derive value, then
the risk and value equations change — especially if the company’s value
is in intellectual property, corporate trust or trade secrets.
This, in the eyes of some observers, should cause them to re-evaluate their risk posture and flee the cloud.
Similarly, consider the plight of established companies. Their
management wants to cut costs, and they often believe they can do just
that by abandoning inside information technology capability and
outsourcing it. They also have to determine whether the money saved will
make up for the reduced flexibility and increase in risk of moving to
On a simpler level, due diligence is required to ensure that data
entrusted to outsourced entities is properly protected. And that,
according to one well-placed federal government source, is what too many
companies are not doing.
That can lead to eye-opening discoveries at critical moments, which
is important to note, as the federal government and the private sector
are leaning, now more than ever, toward outsourcing needed services.
Still, others maintain that the same problem can arise if a company opts to manage its data in-house.