A new insurance product to protect companies participating in cloud computing services

Cloud computing is becoming a major phenomenon in the world of technology. The concept is simple: A collaboration of computing resources, software and other technologies that are offered as a service rather than a product. This brand of service is becoming popular in a number of industries as it allows companies to make use of high-performance technologies without having to rely on their own computers or devices. Essentially, the computer servers that comprise the cloud provide all the power, through which computers at a home or office operate vicariously. As…

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The IEEE begins drafting standardization policies for cloud computing

Cloud computing is becoming a popular phenomena in the tech world. A cloud-based system allows several people to use and access a multitude of server-based computational resources via a digital network. This sort of computing is appealing to businesses because it enables them to make use of vast amounts of computing resources that speed up their operations. However, many are not taking advantage of cloud computing for fear of security. While such fears are not to be taken lightly, the Institute of Electrical and Electronics Engineers (IEEE) says that many…

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