There are numerous benefits to cloud computing. Backing up important data makes it easily accessible to everyone in your company and frees up space on your servers. You most likely have many concerns about cloud security and might be pondering if cloud security will protect your client’s data and adhere to HIPAA, PCI or Sarbanes-Oxley regulations.
It can be hard to tell if your cloud storage solution adheres to these requirements, as many don't state in their privacy policies. To help you navigate these difficult waters, let's look at this topic in depth below.
More and more companies are using the cloud for storage. For obvious reasons, it is a very affordable strategy to use. Even so, improper handling of your client’s information can harm your reputation and lead to a loss of business for your company. If your company mandates that client data be handled in a regulated way, you need to first learn how secure the cloud service is and what regulations does the cloud service providers comply with. If a company has not specifically said they comply with certain regulations, it’s safe to assume they do not.
Who is responsible
Ultimately, as there is no current law that states that companies must divulge how tight their security is, the responsibility is in your hands. You must weigh the advantages and disadvantages of cloud storage to decide if it’s right for your business.