DrT - I don't see insurance as necessarily being mandatory, but I can see public companies being required to have data protection plans in place, including indemnification if everything goes south in a spectacular way.
Agree. All I hope we will not see mandatory insurance coverage for our data, like the ones we have to have for our cars. If things get mandatory it becomes costly and there would not be anything to stop it.
Very true slfisher. It indeed was a good example for all of us and definitely will be a learning thing which might come handy whenever another natural disaster occurs.
Insurance for cloud losses will be a big industry as more folks use the cloud directly and indirectly. Whether state insurance commissioners will be getting involved in this aspect of the "insurance" industry is a question that will have to be answered. Once politics on the state level gets involved things get a bit trickier as interest groups spring up to move legislation and rules in their favor.
It will be interesting to see where cloud insurance moves.
My crystal ball says we'll see a company suffer a serious loss in 2013 as a result of cloud failure combined with failure to adequately prevent against risk.
Thanks for sharing this article, Mary. It is very informative. I would think we would expect more assurances around our privacy and security in the cloud, I am sure will hear "Insurance as a service" integrated to services themselves quite often. The risk most likely be distributed across cloud providers, service providers and consumers, so all the will be part of equation for it to work and no free meal for anybody.
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Recently, the Obama administration has been of two minds where privacy rights are concerned. On one hand, you have an administration that vowed to veto CISPA and mandated open data for government websites. On the other hand, you have an increasingly out-of-control Department of Justice on a fishing expedition at AP and demanding legislation to let the FBI wiretap private, encrypted communications and levy fines if a company fails to comply.
The apartment and house sharing service, Airbnb, now requires members to verify their identities by demonstrating a presence on the web, and by either scanning a government ID or entering detailed personal details. Other enterprises should take a close look at Airbnb's verification policies.
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By now, you've most likely heard about the 3D-printed gun that Texas-based Defense Distributed demonstrated last week. But we haven't heard the last about the censorship war that began soon afterward.
New York's Metropolitan Transit Authority is conducting a pilot test of digital kiosks to guide subway users to where they want to go more efficiently and at lower cost.
The whole Amazon.reader debate is a double-stupid. It's stupid to think that there's any e-book buyer who doesn't know Amazon's URL, and it was stupider to let ICANN launch the whole free-form TLD initiative to start with.
While NFC's original goal was to enhance mobile commerce applications, it is finding its way into a number of other uses, which is creating both opportunity as well as challenges for IT departments.
Enterprises would like to move to cloud computing but are hesitant because they are concerned about providers’ ability to secure company data. Here are some tips that help to ensure that if breaches occur, the business is not left holding the bag.
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The automotive website uses propensity modeling to target ads and customer registration forms, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
Subsidized handsets, rather than locked handsets, should be the focus of regulators. We're not getting good deals, not fostering innovation, and weakening our power as buyers.
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