Cloud Services - Risks & Controls
Ajit Gaikwad PMP?
Principal Strategist - Risk, Governance & Oversight || Ex- Credit Suisse, Barclays, Nomura
Organizations nowadays are increasingly moving towards adoption of Cloud Services. Mentioned below is the list of Risks an Organization can face during various stages of Cloud Services implementation. Also provided a list of respective controls countering those risks:
Risk 1: Migration/Data Evaluation risks
Risk 2: Data Protection Risks
Risk 3: Vendor/Third Party Risks/General Risks
Before aggregating a list of risks and controls for cloud strategy, it would be worthwhile to first undertake the 2 stages mentioned below. This would ensure a robust and holistic risks and controls review for any cloud services.
Stage 1: Understanding the business case for cloud migration
Stage 2: Understand CSP capabilities