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Does cloud security have a bad reputation?

The recent discourse around the security of cloud computing in the banking sector, highlighted by Nicholas Fearn’s piece in the Financial Times, paints a somewhat grim picture of the cybersecurity landscape when it comes to banks moving to cloud computing. Not to pick on just this article, but I’ve seen this as a trend in the past few years, as the value of cloud computing has been called into question more and more. This is a change from just a few years ago when it was verboten to criticize “the cloud.” 

What happened between then and now? Enterprises saw the weaknesses of cloud computing platforms, such as costing too much and being difficult to leave. This made it okay to point out the issues with public cloud providers, and I’ve certainly done my share, even when it was not trendy to do so.

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