Much of the tech news I've read lately has either been about cloud computing or hackers. Apple, Google and Amazon have their competing cloud services; PBS, Lockheed Martin, and Sony have all been hacked. Understandably, concerns are growing about not just security, but also what increasing breaches mean for cloud security. For investors, it means that companies working to improve cloud security are worth taking a look at.
How bad is it really?
Trend Micro, a leader in cloud security, estimates that 43% of cloud users experienced some sort of security breach within the past 12 months. That's a startling number, considering what sorts of information people entrust to the cloud. On top of that, Trend Micro expects five times as many cloud applications to come online in the next few years. This trend could turn the cloud into a hacker's fluffy dreamland if security measures don't start ramping up right now.
Who's going to keep the cloud safe?
In an effort to combat fears of hackers in the cloud, companies such as Akamai Technologies
Meanwhile, IBM and similar companies are building security into cloud software, while Intel
Sweet dreams for investors
All signs for the future point to the cloud. More and more information is going to migrate out of filing cabinets and into the ether, which means more and more emphasis must be placed on security. The companies I've mentioned aren't an exhaustive list of those embracing cloud security -- larger names such as Symantec
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Fool contributor Aimee Duffy doesn't own shares of the companies mentioned in this article. The Motley Fool owns shares of Google, IBM, Apple, Intel, and Lockheed Martin, has bought calls on Intel, and has created a bull call spread position on Cisco Systems. Motley Fool newsletter services have recommended buying shares of Cisco Systems, Intel, Amazon.com, Akamai Technologies, Check Point Software Technologies, Google, Netflix, and Apple, creating a diagonal call position in Intel, creating a bull call spread position in Apple, and buying puts in Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.