Compliance in the Ether: Cloud Computing, Data Security and Business Regulation

Abstract

Introduction "To the cloud," Microsoft urged in a recent series of television and Web advertisements. 1 The catchy ads aimed to capitalize on one of the hottest buzzphrases in the technology industry: cloud computing.2 "Cloud computing" refers to a new technology paradigm on which businesses and consumers are spending tens of billions of dollars.3 This paradigm provides users with convenient, on-demand access to a shared pool of computing resources, often over the Internet.4 Cloud computing offerings like Amazon Web Services provide a professionally managed, nearly unlimited supply of processing power and storage that users can purchase, set up, and access with little more than a mouse click.5 Businesses increasingly see cloud computing as a valuable proposition for decreasing technology costs,

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