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IBM

IBM Data Breach (2013)

IBM

lowVERIS
Disclosed

January 1, 2013

4833 days ago

Records

Undisclosed

Confirmed

Root Cause

Insider Threat

Industry

Technology

Description

IBM's cloud computing revenues are smaller and less "cloud-intensive" than customers and Wall Street analysts might think. That's the claim of a former IBM employee who backed up more than a few of his/her critical assessments of the vendor's cloud prowess with a number of confidential internal documents shared with InformationWeek. The documents put IBM's 2012 cloud-related revenue at $2.26 billion, a figure the company has declined to disclose publicly. In 2011, IBM did issue a roadmap that set forth the goal of reaching $7 billion in annual cloud revenue by 2015, so the much lower figure raises doubts about whether the company is on track.