Tony Scott, U.S. CIO, says there is no safer place to store data than in the cloud.

Criminals go where they can do the most damage with minimal effort. It's why, for years, hackers targeted Windows rather than Macs - it was where the users, and in turn the data, were. And now we're seeing a steady migration from one platform to the next as popularity grows. Hackers moved from Windows to Apple's OS to mobile. Now, unsurprisingly, they are targeting the cloud.

With cyber risks looming ever larger, CFOs must avoid "starving" information technology security budgets, the author of a recently released survey concerning cybersecurity and corporate governance warns.