Data privacy has had a tough year. In September, when Yahoo! released a statement about a 2014 hack that reached 500 million user accounts, the data privacy industry thought it could not get any worse. Barely 90 days later, the same mega company announced that they had suffered a hack in 2013, which affected twice the number of clients, approximately one billion active users. Verizon Communications had agreed to buy the core business of Yahoo! in July, but after the first breach they said they would need to renegotiate.
Failure to make security a priority at Yahoo! should be a cautionary tale to consumers who care about their data security and privacy. This nightmare, which has affected millions of Americans and billions of people around the globe, is driving the growth of private cloud technology.
Private cloud technology, also called Network Attached Storage (NAS), has blossomed in recent years. Statistics point to an increase in the trend among small businesses through 2022. Severin Marcombes is the founder and CEO of Lima, a personal cloud company, and these are three factors he thinks are influencing the current concerns over data privacy and security.
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This article was submitted by Jonathan T. Armiger, Wagner Reese LLP. If you would like to submit content or write an article for the E-Discovery, Information Governance & Cybersecurity Section page, please email Kara Sikorski at firstname.lastname@example.org.