ICC policy statement on business views on regulatory aspects of cloud computing
Publication date : 29/02/2012 | Document Number : 373/509
Although the commercial implications of cloud for SMEs and consumers maybe revolutionary, it does not follow that there needs to be revolution in government’s regulation of cloud services contracts. While many issues are and may arise related to cloud services, many are either well within our experience curve or still evolving and not ripe for detailed guidance.
- Cloud computing represents a continuing evolution of technology that has increased in scope, bundling and geographic spread of services offered.
- Building consumer trust and confidence in cloud is key.
- Risks faced by businesses and consumers when dealing with cloud-based services are not new.
- Governments should be encouraged to use the regulatory powers they already possess in order to improve trust and understanding in the cloud services market.