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TheStreet Open House

Small And Midsize Companies In The Cloud Reap Security, Privacy And Reliability Benefits

An example of a business that has realized the security and compliance benefits of the cloud is DHCU Community Credit Union, a nonprofit financial cooperative. To meet the compliance requirements and security expectations of a financial institution, the organization recently moved to Microsoft Office 365.

Since its transition, DHCU Community Credit Union has experienced improved security and increased productivity, while enabling the organization to maintain its tradition of delivering excellent customer service.

"In the financial services industry, security and compliance are a critical table stake. Microsoft Office 365 gives us peace of mind that these things are being handled, and handled well. So much so that we've been able to reposition resources to reinvest in our business," said Matt McCombs, president and chief operating officer, DHCU Community Credit Union. "Quite simply, the move to the cloud saved us money and freed up time to help us focus on what matters most — serving our members."

In conjunction with the study, Microsoft has released an updated version of the Cloud Security Readiness Tool (CSRT). Based on the Cloud Security Alliance's Cloud Controls Matrix, the CSRT is no-cost, interactive and easy to use. It enables organizations to assess the current state of the security of their IT environment and compare it to what they could expect if they used a cloud service. The updated release extends the range of industry standards covered by the tool to include European Network and Information Security Agency Information Assurance Framework (ENISA IAF) and British Standards Institution (BSI).

"Organizations are keen to understand how cloud adoption would compare with their existing on-premises policies, procedures and compliance, and that can be a complex task," said John Howie , chief operating officer, Cloud Security Alliance. "In the Cloud Security Alliance, industry leaders have collaborated to develop best practice security guidance. Microsoft's Cloud Security Readiness Tool builds on these efforts as it gives organizations a way to more easily evaluate cloud services against critical areas, as well as against compliance with key industry standards like ENISA IAF and BSI."

About the studyThe vendor-agnostic study, commissioned by Microsoft and conducted by independent research company comScore Inc., polled companies with between 25 and 499 PCs in France, Germany, the U.K. and the U.S. Cloud users were defined as companies using a subscription model service for data storage, email or calendar, online productivity, customer relationship management, database service, application hosting or management to manage and help secure computers, for enterprise resource planning, and/or compute capacity to run application code.

More information can be found at the Microsoft Security Newsroom: http://www.microsoft.com/en-us/news/presskits/security.

Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

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