On the Feasibility of Data Loss Insurance for Personal Cloud Storage
نویسنده
چکیده
Personal data are important assets that people nowadays entrust with cloud storage services for the convenience of easy, ubiquitous access. To attract/retain customers, cloud storage companies aggressively replicate and georeplicate data. Such replication may be over-cautious for the majority of data objects and contributes to the relatively high price of cloud storage. Yet cloud storage companies are reluctant to provide costumers with any guarantee against permanent data loss. In this paper, we discuss the viability for cloud storage service to provide optional data insurance. We examine major risks associated with cloud storage data loss and derive a crude model for premium calculation. The estimated premium level (per unit declared value) in most scenarios is found significantly smaller than that accepted in mature businesses like shipping. Therefore, optional insurance can potentially provide cloud storage services with more flexibility and cost-effectiveness in resource management, and customers with both peace of mind and lowered cost.
منابع مشابه
Fuzzy retrieval of encrypted data by multi-purpose data-structures
The growing amount of information that has arisen from emerging technologies has caused organizations to face challenges in maintaining and managing their information. Expanding hardware, human resources, outsourcing data management, and maintenance an external organization in the form of cloud storage services, are two common approaches to overcome these challenges; The first approach costs of...
متن کاملAn Efficient Secret Sharing-based Storage System for Cloud-based Internet of Things
Internet of things (IoTs) is the newfound information architecture based on the internet that develops interactions between objects and services in a secure and reliable environment. As the availability of many smart devices rises, secure and scalable mass storage systems for aggregate data is required in IoTs applications. In this paper, we propose a new method for storing aggregate data in Io...
متن کاملA Literature Review on Cloud Computing Security Issues
The use of Cloud Computing has increasedrapidly in many organization .Cloud Computing provides many benefits in terms of low cost and accessibility of data. In addition Cloud Computing was predicted to transform the computing world from using local applications and storage into centralized services provided by organization.[10] Ensuring the security of Cloud Computing is major factor in the Clo...
متن کاملA Literature Review on Cloud Computing Security Issues
The use of Cloud Computing has increasedrapidly in many organization .Cloud Computing provides many benefits in terms of low cost and accessibility of data. In addition Cloud Computing was predicted to transform the computing world from using local applications and storage into centralized services provided by organization.[10] Ensuring the security of Cloud Computing is major factor in the Clo...
متن کاملBalancing Leasing and Insurance Costs to Achieve Total Risk Coverage in Cloud Storage Multi-homing
Cloud storage multi-homing (a.k.a. as multicloud) represents a possible solution to achieve enhanced availability of one’s own data and build an extremely reliable cloud environment out of relatively unreliable single cloud platforms. However, subscribing with multiple cloud providers comes at a cost. The cost of multiple subscriptions must be compared against the damage resulting from the poss...
متن کامل