The shift to cloud computing is a significant one. You need to be convinced that your cloud provider is meeting your security needs. Hopefully this won’t be an issue. In many cases the sophistication of the security solution will exceed your on-site data hosting.
That leaves one other big question — how am I affected by international law, particularly if my data is now stored overseas? For example, am I now subject to the US Patriot Act, George Bush’s legislation to intercept data for the purpose of preventing terrorism? Plus that myriad of privacy legislation that exists around the world.
On today’s BTalk Microsoft Australia’s Legal and Corporate Affairs Director Jeff Bullwinkle points out that you are probably subject to many of these regulations even before you jump into the cloud.
That leaves the bigger question — what do you need to tell your end users about how and where their data is stored? And how will privacy laws change in the next few years?
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Stopping Bank Excesses
Banks are welcome to run whatever risk they see fit, except when it’s our money they are gambling with.
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Markets calmer, but US budget deadline looms
Markets are much calmer this morning. Equities have managed to climb a little, with the biggest moves in currencies and commodities. NAB’s David de Garis says there’s debate about whether we’re heading to reflation, deflation or stagflation, or all of the above. The Aussie dollar lost more ground, but the pound is taking more of a hammering as fuel shortages will almost certainly be hitting the growth outlook there. Over the Atlantic the debt ceiling is looming, but the short-term issue is passing some sort of budget today, so the government can carry on spending tomorrow.
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Waiting on the payroll
A quiet session on the markets as the world waits for Friday’s non-farm payrolls data in the US. And on Brexit, I ask NAB’s Ray Attrill whether Britain could fall-out of Europe without a deal by accident?
