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Thursday, 22 May 2014

4 Tips for Managing Risk in the Cloud

Cloud Computing. Everybody seems to be moving across to this promise where the cloud service allows you to have more computing power at your finger tips on demand, and a host of other benefits. The big question is should you? Considering that moving to the cloud does boast costs savings potential and increased efficiency, there is a fear that there will be a loss of control, and potentially conflicting information that the cloud could prove to be not as secure, and much more expensive that it would initially claim to be.

Governance, Risk and Compliance Strategy


Having a governance, risk and compliance strategy is a vital way to help ensure the transition to the cloud goes as smoothly as possible. Here are some factors to consider:

  1. SLA's and the "Right to Audit" clause
  2. Vendor Risk Management, and Cloud Security Standards
  3. Data Details
  4. Identity Management
  5. Protect Yourself and Your Organization


Security has been a major (constantly growing) issue in the cyber world as more and more people continue to use the Internet as a mainstream channel to conduct business and to perform daily tasks. Moving to the cloud is a positive direction, but it is gravely important for you to be able to properly manage and identify these risks.

1. Know the Basics, and going back to Basics


Beyond computers, you should sort out configuration management, asset management, separation of duties, have strong passwords, and much more. Many organizations get distracted by the big picture they fail to manage basic things. Take advantage of any tools provided by your Cloud Service Provider to assist you in "sludge" tasks that are vital to your business's overall security.

2. Have Solid Response Plans


A security threat can occur at any time, it isn't a question of whether or not it will occur anymore, but a question of when it will present itself. Even with security being at high levels, most breaches occur because of internal compromised employees. Build a strong solid response plan to face security incidents with confidence.

3. Maintain Constant Contact with your Cloud Service Provider


Anything can happen. No matter how much you plan things can take a twist. It will be a blessing to have your Cloud Service Provider always constantly having your back when things take an unexpected turn.

4. Know the Security of your Cloud Service Provider


The security measures that an infrastructure provider handles, should be delivered with documentations to show what has been achieved. 

Malaysia + Managing Risks in the Cloud


The cloud is the same throughout the world, and the risks are apparent even for Malaysia. Where security breaches in the digital realm have been more frequent in the recent years as Malaysians take to the Internet to perform their daily tasks. The tips for managing risks in the cloud spelled out above is highly relevant to Malaysia, and what better way than to start right to avoid the potential risks and reap the benefits of using the Cloud.

Cloud computing isn't as risky and frightening as most think. It just requires a little bit of proper planning and good practice, as with most new projects. Build on the strengths and compensate for weaknesses and you should be well on your way to reaping the benefits of using the Cloud.

referenced from Softlayer |  photoby SivaServer

 
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