The words 'Cloud' and 'Grid Computing' have caused quite a stir for a number of years now. Service providers are telling everyone they can about SaaS, PaaS and other aaS and are quick to point to the benefits received by customers already using these services. IT security companies have not lagged behind in introducing new cloud-based services either. But what actually is 'in-the-cloud' security? What lies behind the wondrous names that these new technologies are given and how do these innovations really help users? Why do successful companies and cloud technologies go hand-in-hand and why do companies that don't have, or don't use, cloud technologies lose the race? All of these questions and more are revealed in Andrey Nikishin's presentation.