Hacker attacks threaten to dampen cloud computing’s prospects

The recent high-profile hacking of Google’s Gmail service and Sony’s Playstation gaming network is threatening to slow the take-off of the next big thing in the computing space – the cloud.

Computer companies will need to collaborate to work on addressing security issues to boost confidence in cloud computing, where data and software is stored on servers and accessed via the Internet, especially in the corporate space where the potential market size is much larger than the retail space.