Whether the music industry or the newspaper industry, it's been difficult for everyone to isolate the best way to make money on the web. The use of cloud computing has made it even easier for people to share or access content in the cloud for free.

Gartner, a leading research and advisory firm, reports that by 2014, 20 percent of companies will have most if not all of their assets in the cloud. As a result, Microsoft's lead attorney, Brad Smith, has been traveling the world in hopes of updating privacy law, according to Natalie Booth, event direct of the 360 IT event, a cloud computing and IT showcase held yearly.

"Smith also noted that it is often difficult to place a specific monetary value on the theft of content, reasoning that it makes more sense to impose statutory penalties on a per-victim basis," Booth said.

Cloud computing expert Charles Leadbeater writes that Google's cloud contains so much information that even small security breaches can fracture its credibility and may potentially open the company up to legal action. The risk only furthers the need for cloud computing companies to develop extremely sound security measures.
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