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Daily Dashboard | Opinion: Is There a Dark Lining in the Cloud? Related reading: CFPB releases Consumer Protection Principles on financial data sharing


There are many benefits to cloud computing, but European Commissioner Viviane Reding questions, "is there a dark lining to the cloud?" In an opinion piece for The Wall Street Journal, Reding cautions, "Consumers who store data in the cloud risk losing control over their photos, contacts and e-mails. Data is whirling around the world: A UK resident who creates an online personal agenda could use software hosted in Germany that is then processed in India, stored in Poland and accessed in Spain." Describing the European Commission's commitment to privacy, she writes that the EU's data protection rules "have stood the test of time, but now they need to be modernized to reflect the new technological landscape." (Registration may be required to access this story.)
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