The American cloud business industry looms as news about the PRISM surveillance system becomes a threat to everyone. Expert analysts project that cloud companies may lose $21.5 billion to $35 billion worth of revenue as a result of the National Security Agency (NSA) disclosure about the electronic surveillance data mining program. Revelations about the US…

International Business Machines Corporation (IBM) has been on the hot seat for a while now. First was the dispute with Amazon over the US Central Intelligence Agency’s (CIA) $600 million cloud service agreement, and now the issue about the US Securities and Exchange Commission’s (SEC) probe of its accounting and financial declarations. The SEC investigation…

Cloud computing has gained leverage over the last decade as businesses are compelled to migrate to this new platform. Virtualization has capitalized on cost efficiency as its main strength for any industry. However, recent revelations has uncovered that there may be hidden costs that cloud providers are not showing. Loopholes that may have been missed…