What’s happening on the Cloud

September 21, 2010

Last week I attended the 2010 hosting and cloud computing summit put on by Tier One Research and the 451 group. What a great event and thanks to all of you who helped put on the event. I wanted to share with my readers some of the key things I learned at the event. Over the next few posts I’ll dive deeper into some of these topics.

The cloud is growing and it’s right in front of you. It’s time for your business to embrace it and figure out how to live on the cloud.

The value of data centers continues to increase as M&A activity and new data center builds continues to rise.

It is important to require your vendors and providers to take data security as seriously as you do! If you build a cloud but don’t require your SaaS or IaaS providers to provide secure infrastructure and software, how can the end user trust your cloud?

What are your thoughts on some of these comments I just made? Let me know or read my upcoming posts as I dig deeper into some of these issues.


Creating a “Premiere” Risk Class

June 1, 2009

One of the biggest roadblocks to the emergence of Data Privacy insurance is it’s cost.  I believe the challenge in pricing the coverage correctly comes from the underwriters difficulty in grasping the overall data and network security of a business.  In talking with businesses, it quickly became clear to me that there were a few characteristics that set a business apart from it’s neighbor in the area of data security.  If I can find enough businesses that demonstrate those cahracteristics, I believe we can estable a “premiere” risk class and get competitive pricing on data privacy insurance.  

I met with one of those “premiere” risks today and wanted to point out a few of the characteristics that makes them a leader in Healthcare IT Security.  

  • They have software in place that will detect any rogue wireless access point
  • The have policies and procedures when any change is made to a firewall, router, or other piece of network hardware
  • All systems are scanned on a weekly basis and they hire a 3rd party to attempt to penetrate various systems on a continuous basis
  • Employees are trained annually on protecting sensitive information
  • Their data is all stored and backed up in a Tier 2 data center which will become a Tier 3 center in the next year

These are just a few things that I believe a business can do to help establish themselves as a “premiere” data privacy insurance risk.