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Top Stories by David Canellos

A newly released report from McKinsey & Company, Risk and Responsibility in a Hyperconnected World: Implications for Enterprises, highlights the findings of a year's worth of McKinsey research conducted in partnership with the World Economic Forum. Based on the interviews with over 200 enterprises and organizations the findings highlight the importance of protecting online proprietary data and information and puts forth 7 ideas for how to protect the enterprise. The report first observes that with the rise of new and novel ways to access information via mobile devices, data security risks have dramatically increased. Despite the billions of dollars spent to secure data, cybercriminals have proven themselves to be a highly adaptable, sophisticated, well-funded crew, equipped to take advantage of any weaknesses in an enterprise's security technology. Recent examples ... (more)

PerspecSys Joins the Cloud Security Alliance

TORONTO – June 12, 2012 – PerspecSys Inc., the leader in cloud data protection solutions for the enterprise, today announced it has become a Corporate Member of the Cloud Security Alliance (CSA). The CSA is a not-for-profit organization with a mission to promote the use of best practices for providing security assurance within cloud computing, and to provide education on the uses of cloud computing to help secure all other forms of computing. David Canellos with his fellow executives at 10th Cloud Expo | Cloud Expo New York ... (more)

Protecting Sensitive Information in the Cloud

By David Canellos PerspecSys President and CEO Gartner recently published a report that highlights a trend that we have been experiencing over the past few years, namely, the growing number of enterprises wrestling with cloud data security, cloud compliance, and cloud data residency issues associated with storing and processing sensitive information in SaaS cloud applications. Gartner estimates that by 2016, 25% of enterprises will secure access to cloud-based services using what they term a Cloud Access Security Broker platform and that these platforms will reduce the cost of s... (more)

Cloud Computing in China

By David Canellos PerspecSys President and CEO Driven by large-scale government initiatives as well as private investment, cloud computing has become a hot growth area in China. Named a ‘Strategic Emerging Industry' in the government's 12th Five Year Plan (2011 - 2015), cloud computing is slated to become a primary force in the Chinese IT industry and overall economy in the next 3-5 years. In fact, according to IDC Asia-Pacific, China spent $286 million on cloud-computing infrastructure last year, and the amount will increase to more than $1 billion in 2016. The Asia Cloud Compu... (more)

Selecting Cloud Security Brokers: 'All-in-One' or 'Best-of-Breed'?

When we set out to build the PerspecSys Cloud Data Control Gateway, we faced an important design decision: would the market prefer an "All-in-One" or a "Best-of-Breed" Cloud Security Broker? In the "All-in-One" camp, IT professionals have come to learn that the bundled modules from a single vendor have significant gaps in features that frequently lead to critical capability holes with implications ranging from operational scalability to compliance and security. Failing to address these shortcomings can be devastating for companies, potentially leading to financial loss and brand... (more)