Risks in Cloud Computing - how to not get lost in the cloud

Every new technological leap forward brings with it new advantages and new disadvantages. Cloud computing is no exception. It can offer enormous savings to corporations and global businesses but it could open those same organizations to charges of fraud or leave them open to embezzlement; it can make their customers’ lives easier or it could cut them off completely from the services and products they have purchased.

• A recent IDC study shows that 60% of Nordic respondents have limited knowledge of IT Cloud Services


• One of the biggest barriers to usage of IT Cloud Services is security concerns


• IDC forecast the Cloud Services market to grow by a stunning 26% the period 2009-2013

As Cloud Computing is growing at such a fast pace it will most certainly be of relevance to most enterprises in the Nordic Industry. We have therefore seen a need for this paper that aims to shed light of the risks associated with IT Cloud Services.