Director of the European Cybercrime Centre of police organization Europol sees danger in the rapid development of cloud computing. "If I was Coca Cola, I would not save my recipe in the cloud," he said this week in Elsevier.
Cloud providers have generally security is in order, but there are potential major risks associated with external storage of data. We see mostly Eastern European and Asian criminal organizations who have coined to corporate data and passwords for example. "
Cloud computing describes computation, software, data access, and storage services that do not require end-user knowledge of the physical location and configuration of the system that delivers the services. Parallels to this concept can be drawn with theelectricity grid where end-users consume power resources without full understanding of every component device in the grid required to provide said service.