This article appeared in Cybersecurity Law & Strategy, an ALM publication for privacy and security professionals, Chief Information Security Officers, Chief Information Officers, Chief Technology Officers, Corporate Counsel, Internet and Tech Practitioners, In-House Counsel. Visit the website to learn more.
With the ubiquitous nature of cloud-based services, many people, corporations, and governments have decided to trust cloud providers with their sensitive data. However, as the recent Facebook/Cambridge Analytica incident painfully revealed, this is not always smart. Data breaches can cost companies millions in fines, along with huge losses in customer trust. Ordinary citizens themselves are often the biggest losers in these scenarios, with their personal — and sometimes even financial — data at risk of misuse and misappropriation.
