Methodology Of Cloud Computing Risk Assessment

Methodology Of Cloud Computing Risk Assessment

A Break in the Cloud’s Silver Lining

Though cloud computing is considered as the new paradigm of computing, it should not be considered as a new technology but merely a new implementation or application of existing technology, specifically networking and telecommunications technology. So this brings with it some inherent security risks, with some security experts stating that “the economies of scale and flexibility (that cloud computing brings) are both a friend and a foe from a security point of view.”

When your application and data is streamed half way around the world from your geographical location, there is a risk that whatever data is traveling may be intercepted by a third party with malicious intent. And as data and resources are massively concentrated virtually or literally, this creates a very attractive target for attackers. But cloud-based defenses can also be made to be robust, scalable and cost-effective. That is the goal that the ENISA working group had in mind when they drafted the Methodologies for Cloud Computing Risk Assessment.

Methodology for Cloud Risk Assessment

Because of the inherent risks associated with cloud computing, an ad-hoc working group within the European Network and Information Security Agency (ENISA), the European Union’s center for excellence in network and information security, made an assessment of the benefits and security risks that are present in cloud computing. Then the group gave recommendations on how to mitigate these risks and enhance the benefits of cloud computing.

The working group responsible for the risk assessment also determined a methodology which allows direct comparison between items that enable organizations to perform their own risk assessment and risk management of cloud services and infrastructure. The purpose of which is:

  • To be able to determine the most appropriate risk assessment and management items that an organization may use depending on their situation like which business sector they belong to, the size of the organization, culture, regulation requirements, the sophistication of their risk approach, and their available resources.
  •  To enable a direct comparison between risk assessment and management items in order to achieve a better understanding and permit expert advice on their suitability for use in the given situation of the organization.

The methodology considers the process of risk assessment and management items and together with their inputs and outputs, scores them against set benchmarks that were determined by the group. Depending on the nature of the organization, their business, and their geographical location which determines regulatory processes, they can determine their overall requirements for risk assessment and risk management (RA/RM) by considering and listing down a number of “use cases” and then determining the RA/RM requirements based on that. The organization then assign scores to their processes based on the benchmarks which results in an alignment profile created using a radar chart. It is recommended that individual organizations produce their own ideal alignment profile on which they may compare the score of their profile against.

All the recommendations and methodology are on a document that can be downloaded from ENISA’s website: http://www.enisa.europa.eu.

Conclusion

The importance of assessing and managing the risks that comes with cloud computing is very important so that an organization’s cloud computing foray may return positive rewards. If this was neglected and the organization jumps in blindly, they may not achieve the full potential of cloud computing and may not be able to cope with the risks involved.

By Abdul Salam

Abdul

Abdul Salam is IT professional and an accomplished technical writer with CloudTweaks. He earned his undergraduate degree in Information Technology followed by a postgraduate degree in Business Informatics. Abdul possess over 3 years’ experience in technical & business writing with deep knowledge in Cloud Computing, VMware,Oracle, Oracle ERP, Cloud ERP, Microsoft Technologies and Network Communications (Cisco, Juniper). Visit his LinkedIn profile at: http://linkd.in/TtFu7X

3 Responses to Methodology Of Cloud Computing Risk Assessment

  1. Although still needs improvement, Cloud technologies is the future. We won’t need any storage or hardware for doing things but all are done byt the cloud technology.

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

15 Emerging Technologies To Watch Before 2020 The cloud, big data, the internet of things, and wearable technology have all featured heavily in Forrester’s latest list of fifteen technologies to watch before 2020. It is becoming a reality for businesses that they need to adapt and change to an increasingly technologically-minded customer base. Traditional marketing…

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things There are many interesting ways in which companies are looking to connect devices to the cloud. From the vehicles to kitchen appliances the internet of things is already a $1.9 trillion dollar market based on research estimates from IDC. Included is a fascinating infographic provided by AriaSystems which shows us some…

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future of Work: What Cloud Technology Has Allowed Us to Do Better The cloud has made our working lives easier, with everything from virtually unlimited email storage to access-from-anywhere enterprise resource planning (ERP) systems. It’s no wonder the 2013 cloud computing research IDG survey revealed at least 84 percent of the companies surveyed run at…

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic –  The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the…

Featured Sponsors

The Internet of Everything Opens Up The World

The Internet of Everything Opens Up The World

Shaping The World With New Technologies As a connected collection of intelligent objects, the Internet of Everything promises to open up those areas of the world hardest hit by economic, political and agricultural blights. Relatively inexpensive devices, paired with revolutionary energy sources and unprecedented access to information offer great promise to farmers and workers in…

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop The mannequin in the store window stares blankly ahead as shoppers look at the clothes it is dressed in and contemplate a purchase. One shopper makes some comments. “It’s nice. I wonder if they have my size.” Another takes a few steps inside the store to see where these particular clothes might…

Sponsors

Moving To The Cloud: A Smart Move Or Proceed With Caution?

Moving To The Cloud: A Smart Move Or Proceed With Caution?

Moving To The Cloud: A Smart Move Or Proceed With Caution? You hear it over and over again: The future of computing is in the cloud. Businesses should be moving to the cloud. If you’re not in the cloud, you’re behind the times. But trusting your essential data to a cloud may sound like a…

Placement Opportunities - Find Out!

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter