Pub. 5 2015-2016 Issue 6

10 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S FEATURE ARTICLE TOM GLEASON SALES MANAGER DYNAMIC SOLUTIONS Believe it or not, data sent to the cloud is actually stored on servers, in a facility, not in a magical cloud. Concerns Surrounding the Cloud B ank IT departments break out into a cold sweat when the topic of cloud security is addressed, and who can blame them? Cloud computing introduces a lot of se- curity unknowns for organizations, and regula- tions and compliance guidelines have been slow to keep up with evolving cloud platforms. Cloud computing is a bit like the WildWest, posing these three main concerns for IT departments: secu- rity, location of stored data and access to data. Security Daily reports continue to announce anoth- er company that fell victim to a sophisticated cyber-crime. There is no question that no matter where your data lives, it is vulnerable to a breach. When you place data in the cloud, data security leaves your possession, making it difficult to really know whether it is being properly protected. Some cloud storage providers utilize end-to- end encryption and two factor authentication—