Re: Issues of data in the cloud...

On Mon, Jun 23, 2008 at 4:46 PM, Jim Peters wrote:

Bad metaphor. If the bank loses the cash, the chances are good that BigCo can get it all back.

If some Clouds "R" Us. loses (or worse exposes) some data, all BigCo can do is get their money back. The damage is likely to be much greater than the piddly-ish amounts that BigCo will have paid Clouds R Us. Maybe they can slap Clouds "R" Us with a lawsuit that would put Clouds "R" Us out of business, but that doesn't remedy the situation.

+J

For every Clouds'R'Us almost always exists Cloud Life Insurance (inevitable?), that might cover risks of losing customer data.:)

The other thing is that such loss might have irrecoverable consequences like those related to industrial espionage cases.

KS

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