For insurance companies, the cloud poses some difficult questions. While the value proposition of cloud is enticing—providing pay-as-you-go capabilities and freeing up resources away from data center maintenance—security has been a sticking point. For the highly risk-conscious insurance industry (who are in the risk business, after all), there has been no shortage of debate about this new IT deployment model.
Overall, across all industry groups, many organizations are going full-steam into cloud—a new study finds that 82 percent of organizations already transfer, or plan to transfer, sensitive or confidential data into the cloud environment. While it's not clear where insurance companies stand within this global study of 4,000 business and IT managers, I’m willing to bet the percentage is quite lower than the average. The survey was recently conducted by the Ponemon Institute and commissioned by Thales.
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