muhd06
Muhammad Abdullahi Maigaskiya
ASSESSING RISKS OF CLOUD COMPUTING
A growing number of organizations are using cloud computing as aviable alternative for their IT resource needs. Cloud computingallows organizations to increase their ability to meet computingresource demands while avoiding significant investments in ITinfrastructure, personnel, and software. While forecasts are forcontinued increases in demand for cloud computing, the benefitsalso bring a host of new risk considerations. The Committee ofSponsoring Organizations of the Treadway Commission (COSO) issued athought paper, Enterprise Risk Management for Cloud Computing, tohelp organizations assess and mitigate risks arising from cloudcomputing. Visit the COSO Web site (www.coso.org) Read the thought paper toanswer the following questions:
A:) What is cloud computing?
B:) What are private clouds, community clouds, public clouds,and hybrid clouds?
C:) The paper idnetifies examples of risks assiociated withcloud computing. Describe each of the following risks:
1. Disruptive force
2. Lack of transparancy
3. Vendor lock-in and lack of application portability
4. High-value cyber attack targets