When a business or any other organization switches to a new computing environment, security is an increasing concern. After all, hackers are costing consumers and businesses between $375 million and $575 million per year. Put another way, cybercrime is equivalent to 0.8 percent of the international GDP.

What about at the level of a single company? According to a Ponemon Institute survey of 2,000 executives, hackers cost U.S.-based businesses an average of $15.4 million annually. That number is twice as much as the worldwide average of $7.7 million – but no matter where your company is, you can expect cybercrime to cost your business millions.

With that in mind, how well protected is a public cloud service? If you cannot say at any given moment where your private data is physically located, should you consider it a safe ecosystem?

A key point is that the cloud should not be considered a radical overhaul but a tweak of conventional legacy computing environments. While this distributed computing model has unique challenges and requires its own set of strategies and defenses, the security industry fundamentally understands how to protect data, and infrastructure experts know how to implement the appropriate mechanisms.

In fact, that aspect of security expertise applied to the cloud indicates a major characteristic of the technology that speaks in its favor: It is a back end that is engineered and maintained by personnel who are focused exclusively on cloud systems. Because of this, New York Times deputy technology editor Quentin Hardy once noted that this hosting model was “probably more secure than conventionally stored data.”

Still unconvinced? David Linthicum of InfoWorld has voiced the same perspective, saying that the public cloud is a better place to store data than an on-premise system. Linthicum is fervent in his point of view, arguing that Read More Here