August 26, 2014 By Jessica Hughes
The risk of a data breach in the cloud is multiplying and is now costlier and happens more frequently, according to a recent study by the Ponemon Institute.
But this phenomenon, which is dubbed the cloud multiplier effect, can be mitigated by a strengthened security posture, according to Larry Ponemon, chairman of the Ponemon Institute.
"It's funny, I'm a big believer in the cloud," Ponemon said. "I like cloud and I think cloud [has] improved quite a bit from a security perspective."
Cloud computing is not necessarily less secure, Ponemon said, but that is the perception among many of the study's respondents who view on-premises data breach as easier to control and less costly as a result.
"It's kind of a level of complexity you are adding because now you're relying on a third party to do the right steps," Ponemon said.