Company's Ignoring Huge Security Issue With Cloud Computing

DavidGilbert99 writes: "Cloud computing was one of the buzzwords of 2012, gaining widespread adoption among individuals, SMEs and major corporations all around the world. It is going to make our lives easier while saving us millions of pounds at the same time.

However, one issue which is being ignored by the vast majority of organisation is security, with a Pricewaterhouse Coopers survey from last year showing that more than three quarters of respondents across a range of companies believed cloud computing did not increase their security risk.

A belief shattered by a report published this week by security firm Imperva which highlights just how easy it is for even one of the world's largest online companies to be hacked and have sensitive consumer data stolen.

"More than 75 percent of businesses don't see a problem by moving an application to the cloud. For me this is the big story, this is the big problem," Barry Shteiman sector security strategist with Imperva told IBTimes UK this week."