Microsoft Corporation (NASDAQ:MSFT)‘s Corporate Vice President for the Office division, John Case, didn’t just let the latest case of Cloud hacking affecting Sony go to waste. In an interview on CNBC he categorically mentioned several times how the Cloud services that the software giant provides are virtually hack resistant, and that their solutions are trusted by governments and multinationals.
“[…] Governments like Queensland Government, multinationals like Coles betting on the Microsoft Corporation (NASDAQ:MSFT) cloud, but it ws important for us to be locally geo redundant in Australia with our data. I think many more governments and many more companies will want to come on board. It’s part of the global strategy we see and particularly an Asia Pacific strategy. I do think that big companies taking a bet on Cloud for innovation, for privacy for cost are looking at the Microsoft Cloud very carefully […],” said Case.
The latest cloud hack affecting Sony could bite the manufacturer of PlayStation in terms of sales during the holiday shopping season. This is of course a good news for Microsoft Corporation (NASDAQ:MSFT) since its Xbox is the main rival of Sony’s gaming console.
However, the issue is not just limited to that. There are several companies including Hewlett-Packard Company (NYSE:HPQ), which are trying to stage a revival by expanding into the cloud business, and in light of the recent incident, one wonders whether the questions about the security of the products have taken a back seat. This is certainly not the first time that such a breach has happened.
There have been instances in the past where Apple Inc. (NASDAQ:AAPL) have been a victim of similar attacks as well. It raises questions about the companies’ ability to ward off such attacks, or whether protection of customer data is not the top priority for many of these tech giants.
Hopefully Microsoft Corporation (NASDAQ:MSFT) is not just in the line for being subjected to the wrath of hackers, and has systems in place which make it worth the trust of governments and multinationals. Otherwise, the latest incident with Sony should ring enough bells with the company’s management to take precautionary measures.
Video Embed Size: 530 X 298 640 X 360
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.
