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 business solutions have been growing at a skyrocketing speed especially Software-as-a-Service (SaaS). Companies, however, need to realize that cloud contracts have a lot of security loopholes that need to be addressed ASAP. Cloud contracts have a lot of growing up to do according to the results of the new research conducted by Gartner. Business…