Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

1/8/2010
07:56 AM
Bob Evans
Bob Evans
Commentary
50%
50%

Global CIO: Cloud Computing's Deadly Vulnerability--And How To Avoid It

This one even trumps concerns about security, compliance, privacy, and management.

At several events in which I've been involved with more than 40 CIOs over the past few months, the most-talked about subject was cloud computing and the second-place topic was miles behind. Vendors of every stripe—from IBM and HP to Microsoft and Oracle to Riverbed and Informatica to Wipro and Capgemini and many many more—have developed full-blown strategies for building out cloud infrastructures, services, platforms, strategies, integration, and products.

CIOs are eager—extremely eager—to see if the potential of the cloud can be transformed into tangible business value that will help them deal with three extremely pressing issues:

*Moving Faster: Every organization these days is looking to accelerate its pace of business to be able to respond to shifting market demands and opportunities as they occur, not 6-9 months later. And with IT now essential to every facet of those organizations' operations, it's no longer acceptable to be told that major company initiatives will be bogged down for months because that's how long IT needs to spec out, purchase, test, set up, and provision new systems. Cloud deployments breed speed.

*Lower The Cost Of Infrastructure: With CIOs' companies are demanding more and better IT services and performance, the available budgets for those CIOs are barely above the viciously scaled-back levels of 2009. So CIOs are hoping a thoughtful cloud strategy will let them bridge the yawning gap between expectations/demands and limited funding.

Global CIO
Global CIOs: A Site Just For You
Visit InformationWeek's Global CIO -- our new online community and information resource for CIOs operating in the global economy.

*Flipping the 80/20 ratio: Many CIOs say they are still spending upwards of 70% or 80% of their IT budgets on maintenance versus innovation, or on run versus build. As a result, very little money is left in the IT budget to fund new and vital customer-facing projects because it all gets sucked up in keeping the lights on. In turn, this funding trap is causing many CEOs to want to shoot themselves, shoot their CIOs, or outsource all IT operations. Regardless of which of those choices is made, the status quo is unsustainable and CIOs are looking to the cloud as the, uh, magic bullet that they can aim at reversing the 80/20 ratio rather than at themselves or their CIO.

Also, I haven't (yet) gotten so trite as to say that 2010 will be The Year of the Cloud, but if someone were to ask me what 2010 will be the year of, I would say 2010 will be The Year of the Cloud. (And don't be troubled by the fact that IBM CEO Sam Palmisano, HP CEO Mark Hurd, and Oracle CEO Larry Ellison have all told us they don't like the name "cloud computing"—after all, you wonderful folks in the Global CIO audience have come up with more than 500 new names to replace cloud computing—you can check out that list and other related content in the "Recommended Reading" list at the bottom of this column.)

No, the irony is that all the wonderful stuff I've described above—all the heartwarming, money-saving, speed-feeding, business-model-flipping miracles—also serves as the most mortal threat to cloud computing: we have met the enemy, and it is hype. The larger question that needs to be answered is this: behind the hype, is the potential real or is it just some empty promise conceived out of desperation?

To answer that, I turned to my colleague and friend Art Wittmann, who's the creator of and mastermind behind InformationWeek Analytics, our research and premium-content business. Art has forgotten more about IT strategy than I will ever know and while he's not quite as ancient as I am, he's lived through plenty of hype-cycles and is concerned that we are feeding another one by overpromising what the cloud is and what it can deliver.

This came through loud and clear in an e-mail exchange Art and I had earlier this week, and I wanted to share with you some of his thoughtful concerns:

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Cloud Security Startup Lightspin Emerges From Stealth
Kelly Sheridan, Staff Editor, Dark Reading,  11/24/2020
Look Beyond the 'Big 5' in Cyberattacks
Robert Lemos, Contributing Writer,  11/25/2020
Why Vulnerable Code Is Shipped Knowingly
Chris Eng, Chief Research Officer, Veracode,  11/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: I think the boss is bing watching '70s TV shows again!
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-4128
PUBLISHED: 2020-12-01
HCL Domino is susceptible to a lockout policy bypass vulnerability in the ID Vault service. An unauthenticated attacker could use this vulnerability to mount a brute force attack against the ID Vault service.
CVE-2020-7335
PUBLISHED: 2020-12-01
Privilege Escalation vulnerability in Microsoft Windows client McAfee Total Protection (MTP) prior to 16.0.29 allows local users to gain elevated privileges via careful manipulation of a folder by creating a junction link. This exploits a lack of protection through a timing issue and is only exploit...
CVE-2020-15257
PUBLISHED: 2020-12-01
containerd is an industry-standard container runtime and is available as a daemon for Linux and Windows. In containerd before versions 1.3.9 and 1.4.3, the containerd-shim API is improperly exposed to host network containers. Access controls for the shim’s API socket verified that...
CVE-2020-9114
PUBLISHED: 2020-12-01
FusionCompute versions 6.3.0, 6.3.1, 6.5.0, 6.5.1 and 8.0.0 have a privilege escalation vulnerability. Due to improper privilege management, an attacker with common privilege may access some specific files and get the administrator privilege in the affected products. Successful exploit will cause pr...
CVE-2020-9117
PUBLISHED: 2020-12-01
HUAWEI nova 4 versions earlier than 10.0.0.165(C01E34R2P4) and SydneyM-AL00 versions earlier than 10.0.0.165(C00E66R1P5) have an out-of-bounds read and write vulnerability. An attacker with specific permissions crafts malformed packet with specific parameter and sends the packet to the affected prod...