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Risk and finance industry still see cloud as a concern, notes Gartner

August 15, 2018 / James Bourne

Even the slowest industries are moving workloads to the cloud – take risk, audit and finance as an example. Yet there is still plenty more to be done before these verticals become truly comfortable. That’s according to the latest report from analyst firm Gartner. In the company’s most recent Emerging Risks study, cloud computing remains the primary concern for those in risk and compliance. Cloud was ahead of cybersecurity disclosure and GDPR compliance as the biggest worry for the 110 senior executives polled. Given Gartner predicts cloud computing to be a $300 billion business by 2021 – and is indeed a cornerstone of the company’s feted ‘digital business’ ethos – there is plenty of reason to get involved. Yet these organisations have a right to be concerned. Gartner added that through 2022, ‘at least’ 95% of cloud security failures will be attributable to the organisation – and that companies should expect to be affected by cybersecurity threats in ‘unpredictable’ ways.