The Jericho Forum has detailed definitions of what it means by cloud computing.
There are three scales by which it defines clouds: internal or external; proprietary or open; and with a security perimeter or not.
So it's not really an open and shut case of clouds being less or more secure. The real answer? It depends.
From Network World:
He says the safety of cloud computing has yet to be proven and likely requires work to reach acceptable levels. That will mean developing a secure architecture around with cloud computing infrastructure is built. One core building block will be creating data objects that include a definition of what type of security zone the data must stay.
So while the headline was provoking, it just goes to show, there's still a lot to worry about with cloud computing. And security is just one aspect to consider when moving to a cloud architecture.
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