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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The US National Security Agency learned the hard way that it can be dangerous to give a contractor too much money and access, with too little scrutiny. The NSA and other government agencies hire tens of thousands of contractors
a year to analyze data. Edward Snowden -- who revealed himself as the NSA leaker after fleeing the country -- was one such contractor, reportedly holding a $122,000 salaried position at Booz Allen Hamilton at the time of his departure.
Midsize businesses rarely achieve the same standards of security in their own datacenters as professional providers that specialize in delivering these services to organizations.
Big-data and analytics tools enable marketers to understand customers as individuals, identifying unmet needs and addressing each customer as a "segment of one," says John Kennedy, VP corporate marketing, IBM.
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.
Edmunds separates customers into segments based on the info it collects on its site and from partners, and uses that to push out custom content, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The IBM Smarter Commerce Global Summit in Monaco kicked into high gear today, and we've already begun to see news emerging from that lovely city-state by the sea.
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