And yet financial institutions are heavy users of both traditional outsourcing (both on- and off-shore) and of cloud computing.
http://searchcloudcomputing.techtarget.com/news/1521554/Financial-institutions-test-cloud-computing-waters The cloud is not an all or nothing venture. There's plenty of computing that these types of organizations do that does not have PII associated with it. There are "cloud" options which also don't rely on public cloud, too. These risks inherent with all sorts of technologies. They merely have to be identified, assessed, and then mitigated or avoided as best fits the scenario at hand. As for any source-code-in-the-cloud statements, I cannot comment without having the context in which they were made... *ASB *(Professional Bio <http://about.me/Andrew.S.Baker/bio>) Harnessing the Advantages of Technology for the SMB market... On Mon, Jun 27, 2011 at 3:08 PM, Mathew Shember <[email protected] > wrote: > Financial institutions are heavily regulated and can’t treat security > measures as an expense.**** > > ** ** > > I heard one Cloud person talking about who we don’t need data centers, you > can put your source code on the cloud. **** > > ** ** > > Are people willing to trust the cloud with that?**** > > ** ** > > ** ** > > Thanks,**** > > Mathew**** > > ** ** > > *From:* Andrew S. Baker [mailto:[email protected]] > *Sent:* Monday, June 27, 2011 11:57 AM > *To:* NT System Admin Issues > *Subject:* Re: Be Very Wary of "The Cloud"...**** > > ** ** > > *>>**I want to have total control over my programs and data and I won't in > the Cloud! All my backups are done locally on hardware and by personnel > located in MY location!* > **** > > ** ** > > In many cases, this is a good business decision. In some cases, however, > doing so adds cost that is not commensurate with the value provided. Knowing > when this is true, is smart business.**** > > This is why every organization does not process its own credit cards, or > manage its own ecommerce, or attempt to staff its own local data centers > 24x7...**** > > ** ** > > *ASB *(Professional Bio <http://about.me/Andrew.S.Baker/bio>) > *Harnessing the Advantages of Technology for the SMB market...***** > > > > **** > > On Mon, Jun 27, 2011 at 1:42 PM, MMF <[email protected]> wrote:**** > > The Cloud will cause the loss of both onsite jobs and hardware. That's not > what concerns me. It's the loss of control and security that concerns me. I > want to have total control over my programs and data and I won't in the > Cloud! All my backups are done locally on hardware and by personnel located > in MY location! > > M. Free**** > > > > > > <The Cloud is just another name for outsoucing. > <If the cloud takes hold, datacenters will quick enough move to China/India > and the IT profession in the US will be dead. > <A few cisco guys will be left over to keep the internet up, and that's > about it. > > <Fight the cloud! > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ --- To manage subscriptions click here: http://lyris.sunbelt-software.com/read/my_forums/ or send an email to [email protected] with the body: unsubscribe ntsysadmin
