Hacker Heaven in the Cloud

The cloud is making it more cost effective for companies to conduct business. Unfortunately, hackers are taking advantage of the same scalability and cost savings to launch attacks like to one on Sony.

Amplify’d from www.bloomberg.com

For three pennies an hour, hackers can rent Amazon.com Inc. (AMZN)’s servers to wage cyber attacks such as the one that crippled Sony Corp. (6758)’s PlayStation Network and led to the second-largest online data breach in U.S. history.

Last month’s attack on Sony compromised more than 100 million customer accounts, the largest data breach in the U.S. since intruders stole credit and debit card numbers from Heartland Payment Systems in 2009.

The episode will cause individuals and companies to rethink what data to put on the cloud and force companies to potentially double what they spend on application security Read more at www.bloomberg.com

 

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