QOTD - Coviello on Cloud

Regarding cloud computing challenges & opportunities, RSA's President, Art Coviello, said:
We have to be careful we don’t end up in security hell!
Organizations are spending as much as two-thirds of their IT budgets just to maintain their infrastructure and
applications –keeping the lights on. Cloud computing can dramatically alter this two-thirds / one-third ratio … so that much more energy and investment can be directed toward real innovation and competitive advantage.
Trouble is something’s holding back the full realization of this cloud vision. And that in a word is security.
People everywhere must be able to trust the cloud even if they literally and metaphorically can’t see it.

Note: emphasis mine.

Src: Keynotes - RSA Conference 2010 San Francisco

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