In this article, Mike Mason reconciles the challenges of maintaining regulatory requirements of data privacy within cloud computing technology. It is critical to keep cloud applications compliant, while meeting the increased demand for cloud-based technology providers.
Gartner predicts that more than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud technology. Not only does this make cloud computing one of the most disruptive forces of IT spending, it is also indicative of a strong demand to move to the cloud.
Most organizations are harnessing the power of cloud technology, and while IT spending shifts towards the cloud, so does an influx of sensitive data. This kind of data must be secured, especially in heavily regulated industries like finance and healthcare.
The increased cybersecurity regulation in 2017 makes it difficult for compliance professionals to manage and report with a wide array of legacy software services that are complicated, opaque and not optimized to configure for privacy and compliance.