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Joe Stanganelli
Joe Stanganelli
2/23/2016 2:52:31 PM
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Re: The Cloud
Here's a less scary way to think of the cloud for the nephophobic.

It's like web-hosted email, in a way.  You're keeping your data offsite pursuant to an agreement with the host provider.

But if you have a terrible password -- or, worse, a terrible password backdoor (like an obvious hint or security question, or something that would require minimal research and/or social engineering) -- then it doesn't matter where the fortress is and who owns it.

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Joe Stanganelli
Joe Stanganelli
2/23/2016 2:49:59 PM
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Re: Compliance and the cloud
@dhagar: And don't forget that, just as companies have their own policies, procedures, and SOPs to comply with (along with actual regulations in their own nations and abroad), they have their clients' policies, procedures, and SOPs to comply with -- and, in turn, their clients' home nation's regulations!

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Joe Stanganelli
Joe Stanganelli
2/23/2016 2:48:56 PM
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Re: Compliance and the cloud
I'm not so sure you could call it "watering down" so much as a revisiting of Safe Harbor, now that they're realizing how much of a pain in the neck and burdensome the BCR route is and how much the economy is being impacted by this.  At the same time, "Safe Harbor 2.0" will be, purportedly, much more guarded, and much less permanent -- with EU so-and-sos vowing to regularly review it on an ongoing basis so they can quickly and easily repeal or change things if they don't like something.

So, it's like Safe Harbor and BCRs had a kid who got all the recessive genes.

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Joe Stanganelli
Joe Stanganelli
2/23/2016 2:46:15 PM
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Re: Compliance and the cloud
@dhagar: I'm not so sure about the drive to build in actual compliance.  Certainly, because of how big and sexy HIPAA has become, a lot of providers *boast* that they do HIPAA stuff, but then when you read the actual BAAs it becomes very clear that many still have a far way to go in terms of real HIPAA (or anything else) compliance.

And this is to say nothing of financial services.  They're getting ignored.  I am aware of only a single cloud provider that specifically caters to that niche and guarantees SEC and FINRA compliance.

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Joe Stanganelli
Joe Stanganelli
2/23/2016 2:22:03 PM
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Re: Compliance and the cloud
@mhh: But there's always risk with the "international waters" thing.  You have to dock somewhere sometime!

Unless you try to pull a Sealand and go the micronation route, but the law doesn't tend to recognize those areas/entities as unregulated or not bound to a sovereignty.

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Joe Stanganelli
Joe Stanganelli
2/23/2016 2:19:37 PM
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Re: Compliance and the cloud
@Mike: Indeed.  Healthcare and life sciences are very "sexy" to storage-solution providers and other tech companies right now.  The data isn't just big -- it's HUGE (esp. with medical imaging and genomics).  Plus, the regulatory hurdles present unique opportunities for unique solutions -- and, thereby, unique selling propositions.

Pity the poor financial services CIO, however, who must deal with exponentially more regulatory hurdles and must watch as his industry takes a backseat, in terms of technological innovation, to healthcare, life sciences, and even manufacturing!

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dlr5288
dlr5288
2/22/2016 2:30:09 PM
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Platinum
The Cloud
The cloud is, I think, the easiest way to do things when dealing with phones, tablets, etc. However, the cloud somewhat scares me. Only because I don't think the secrity measures behind it are all that great.

I've heard of things leaking out of people's phones and hackers getting people's information because of the cloud. I think it's a great thing to use because of accessibility, but the secirity of it does put me off at times.

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Joe Stanganelli
Joe Stanganelli
2/20/2016 9:44:38 PM
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Re: Compliance and the cloud
@vnewman: plus, I imagine, the other audits, such as your cyberinsurance carrier (i imagine your firm has one) and other audits for various certifications as may be desired.

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DHagar
DHagar
2/4/2016 3:41:28 PM
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Re: Compliance and the cloud
mhhf1ve, that's an interesting angle to the overall cloud development, the international impact and the possibility of international cloud designs.  I agree with your assessment of the issues and the priorities for the companies.  As you point out the companies will likely follow their existing governance policies and systems, but will align to enable the markets to grow in crossing internatlonal borders. 

That is an interesting development about the current state of the EU standards and the adjustment to the US standing on data and security.  Thanks for sharing.

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DHagar
DHagar
2/4/2016 2:14:07 PM
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Platinum
Re: Compliance and the cloud
Joe, I agree that the build-out will have to comply with the governance, regulations, etc.  I think cloud service providers will build in some of these compliances in going after specific industries.  I think your prediction on healthcare is a good one.  Actually, healthcare may be an industry that improves its compliance, security, etc., through well developed clouds; as they have been behind the curve in building effective enterprise systems.

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