Industry News: The Cloud Roundup

Forbes Announces their 2017 list of 100 Hottest Cloud Companies

“The companies of the Cloud 100 have worked with the world’s largest corporations and solved small business headaches alike, fixed people’s grammar online and traced government sponsored hacking attacks”

Last week, Forbes announced the Cloud 100 of 2017, recognizing the best and brightest private companies in cloud computing for the year. The 2017 list marks the second year in a row Forbes has compiled the list, and at the rate of which cloud computing is growing, it doesn’t seem to be a piece that will end soon. Stripe, a Silicon Valley company started by Patrick and John Collison came in first. Stripe is well known for providing the software which handles the sales and transactions of websites such as Facebook, Lyft, and Target. Other notable companies that made the list were Dropbox(2) and Slack(3).

Catastrophic Cloud Attack Costs Would Rival that of Hurricane Damages

“If you were to take all the direct losses sustained by customers of AWS, Azure, and any other cloud service whose hypervisors were also attacked in the onslaught, then the losses could dramatically scale”

According to a new report released by cyber risk analytics firm Cyence and insurer Lloyd’s of London, if hackers were to launch a global system wide attack on cloud-based companies, losses could reach 53 billion in a worst-case scenario. The report released shortly after the WannaCry ransomware attacks infected devices across 150 countries, stresses that the likelihood of attacks creating this much in losses is unlikely. That being said, Cycence CTO and co-founder George Ng still advises higher-ups to track and monitor all possible insider threats, and train all staff on cybersecurity.

Cloud computing’s Open Container Initiative hits the 1.0 release milestone

“The fact that all the major cloud players are involved in the effort — which can’t be said for the Cloud Native Computing Foundation — means that building applications around OCI 1.0 is a pretty safe bet”

The Open Container Initiative (OCI), which is a collection of companies pushing to build cloud container standards, recently released the 1.0 version of their software. The goal of the OCI is to develop common, minimal and open standards around container technology without the fear of lock in.

Report affirms continued cloud spend for US businesses in 2017

“Cloud is the new normal”

A new report, which polled 283 IT professionals working in United States, found that more than two-thirds of businesses plan to increase their cloud computing spending in 2017. Almost half of those polled believe that increased cost is the biggest challenge of implementing cloud computing in their business. Roughly half of the respondents also believed that security and efficiency were two of the biggest benefits of using the cloud. Kevin Rubin, COO of Stratosphere Network said that customizing your cloud experience allows businesses to leverage different toolsets that are truly drilled down to their department, and individuals.

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By Nathan Zaragosa