While there has been growth in public awareness about cloud computing, there remains some confusion about what it actually is. Put simply, cloud computing is pooled hardware and software made accessible via the internet. It means IT users can access their applications and data online. The applications and data are stored and maintained by a third party (cloud service provider) remotely, rather than on servers and networks physically located at the users’ premises.
The stakes are high. Many organisations are very dependent on their IT infrastructure and a failure in IT operations, even for a short period of time, could cause significant financial loss and damage to a company’s reputation. If a company stores its data in the cloud, and the cloud service provider fails to function or loses that data, which party is liable?
In conjunction with the launch of new CFC wordings giving clear, unambiguous cover in the event of a privacy breach or data loss from a cloud service provider, Laurence Rossini, Technology and Media Underwriter at CFC, discusses some of the risks and benefits of cloud computing.
Click here to read Laurence’s full article about cloud computing
Already having to pay out for last year’s huge PlayStation Network breach, Sony is in the spotlight again after the entirety of Michael Jackson’s back catalogue was stolen from the company by hackers. The cyber attack saw the illegal download of around 50,000 music files belonging to the singer, including some unreleased material. The files were estimated at around £160m making this the biggest attack on a music company ever.
The Daily Mail reports that Sony paid £250m for the the seven-year rights to the musician’s catalogue, including studio session material from the making of some of Jackson’s biggest albums. The contract also allowed Sony to release 10 new albums featuring the material.
See the full story on MailOnline
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Antivirus firm Symantec has recently been the victim of a hack attack in which the hacker released the source code for its pcAnywhere utility. Fears have arisen that hackers could analyze the code to find security holes and then attempt to take over customers’ computers.
The release of the source code allegedly came after the hacker asked for $50k from Symantec in exchange for destroying the code, though both parties now deny participation in negotiations. Nonetheless, Symantec were aware that the code would be published at some point and took the time to fix known security problems before it was. Symantec says that if users are running updated, patched versions of the software, there should not be an increased security risk.
The source code for another of Symantec’s programs, Norton Antivirus Corporate Edition and Norton Internet Security, was obtained back in 2006 by hackers. Again, if released, Symantec said users have no reason to worry as it is old code.
See the full story on Yahoo.com