72% of businesses don't trust cloud vendors

  • 17 September 2014
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By HNS Staff/ Posted on 17 September 2014.
 
There is widespread mistrust of cloud providers across Europe with seven in 10 businesses accusing them of failing to comply with laws and regulations on data protection and privacy, according to Netskope and The Ponemon Institute.


http://www.net-security.org/images/articles/ponemon092014.jpg
The study shows that 53% of respondents said the likelihood of a data breach increases due to the cloud, and the Ponemon Institute study also found that data breaches increase the expected economic impact by as much as three times when they involve the cloud.

This phenomenon is known as the “cloud multiplier effect,” and the research found this applies to varying degrees in accordance with different cloud scenarios, such as increased data sharing from cloud apps or increased use of mobile devices to connect to cloud.

 
Help Net Security/ full article here/ http://www.net-security.org/secworld.php?id=17371

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