“Cloud Computing will be a disruptive technology that will ultimately change the face of computing,” with a market approaching $300 billion over the next five years, according to recent research from the Market Intel Group.

The seemingly unstoppable migration of data to the “cloud” is undoubtedly due to numerous financial benefits, particularly for small and medium-sized companies that historically didn’t have the same capital budgets as larger enterprises. However, what lurks below the surface is that this boundless upside isn’t without significant risks from a legal and compliance perspective.