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Governance & Risk Management in the Cloud

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Governance and Risk management are some of the most important aspects of any business, irrespective of the fact whether you are running your applications (business) in the cloud / on-prem or even space. All businesses need to be governed and risks faced have to be managed. In the cloud context, there are some changes that get introduced in the way businesses govern and manage the risks associated with it.  For security professionals, cloud computing impacts four areas of governance and risk management: Governance Enterprise Risk Management Information Risk Management Information Security Governance mainly deals with the policies and procedures that focus on how an organization performs its operations. This includes day to day tasks to its strategic decisions. Policies influence the organization’s decision making and risk tolerance. Enterprise Risk Management includes managing the risks ( financial . political, regulatory, cybersecurity, etc.) faced by an organization. Information Risk