Why Cloud: Better Security than Most Companies Can Provide Themselves

Worried about the security of your company’s data? You should be. At least 19 financial institutions have disclosed to investors in recent weeks that their computers were targets of malicious cyber attacks in 2012. In annual financial reports to the Securities and Exchange Commission, major banks such as Bank of America, Citi, Wells Fargo and JPMorgan Chase, along with smaller institutions, have reported that their systems were hit with computer disruptions or intrusions.

No surprise then that the US Bureau of Labor Statistics reports that the current unemployment rate for Information Security Analysts is zero and the projected growth rate for this career through 2020 is 22 percent. And security experts are not inexpensive; the 2010 median pay of $75,660 is almost 40 percent higher than the average salary for all college graduates. What the statistics mean is that finding the security experts you need will not only be difficult but increasingly expensive in a seller’s market for security skills.