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Report on Security Issues from Online Medium in Business Enterprise
14 Pages5548 Words178 Views
Added on 2020-04-01
Report on Security Issues from Online Medium in Business Enterprise
Added on 2020-04-01
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Cloud Computing 1Executive Summary The present report sheds light on the security issues emerging from the use of online mediums in the business enterprises. Today, all the business organizations are using online mediums to store and retrieve information. However, with the use of online methods the security, confidentiality ofthe information has come under pressure. The hackers can access the information from another part of the world and use it for their malicious intent. Currently, cloud computing has become hugely popular due to several advantages such as its cost-effectiveness and less consumption of resources. However, the security and the privacy concerns have increased with the use of cloud services as the control over the resources is provided to a third party vendor. In this regard, the present report has discussed the various security concerns of the cloud computing. Moreover, thereport has also highlighted the current stance of the organization regarding the information security. It has been identified that the organization should enhance their security protocols to increase the security of the organization.
Cloud Computing 2Table of ContentsIntroduction.................................................................................................................................................3Review of Project with Financial Sector.......................................................................................................3Review of the Project on the Current Security Posture of Aztek.................................................................4Risk Assessment based on threats, vulnerabilities and consequences from an IT control framework and any existing industry risk recommendation for the project.........................................................................5Cloud Service Security.................................................................................................................................7Security Measures for Data Security in Cloud Environment........................................................................9Conclusion.................................................................................................................................................10References.................................................................................................................................................12
Cloud Computing 3IntroductionIn the present times, IT security risk is one of the major risks faced by the business organizations. The information technology has prevailed in all the aspects of organization’s operations and; therefore, IT risk assessment is important for assuring smooth operations of an organization. Several incidences of data breach and hacking has shifted the attention of the IT managers towards security assessment and measures. Aztek is a financial company which operated in the Australian financial industry. In order to enhance the performance of the organization, the company has planned to implement several technology projects. These projects will be approved by the respective strategists and funded for deployment. The present report will focus the relocation of the business-critical application and the data sources towards an external cloud solution (Mell & Grance, 2011). The cloud is an information technology paradigm which enables ubiquitous access to shared configurable resources. The pool of shared resources can be easily shared over the internet with minimal efforts. It is the methodology which allows the users and the enterprises to share computing capabilities and store and process data over a shared cloud. The principle is to share the resources to achieve economy of scale and reduce the overall expenditure to the organization. However, this technology has increased the security concern for the business organizations (Ostermann, Iosup, Yigitbasi, Prodan, Fahringer & Epema, 2009). As it is shared resource, the third party may access the crucial and confidential information of a business organization. Other than that, the competing business organization may use this information to harm the brand imageof the business organization. The clouds are maintained by a third-party vendor; therefore, maintaining the security of the information is quite challenging for the organization. In this essence, the present report will discuss all the security risk associated with the deployment of cloud system in an organization. The report will discuss the security risks associated with the financial sector, current security posture of Aztek, and a risk assessment will be conducted associated with the threats vulnerabilities of the system. The report will also shed light on various recommendations which can be used to address the situation. Review of Project with Financial Sector The security demands in the financial industry are very high. In the financial industry, people make investment of their hard-earned money as well as they share their personal financialinformation with these organizations. Therefore, it is important that the financial organizations implement high level of security protocol in the organization. Aztek should also assure that it implement IT infrastructure and security policies so that the sensitive information of the organization can be protected. Currently, cloud computing is commonly used in various industrial sectors but its adoption in thefinancial sector and the banking organizations is low. The cloud computing offers a variety of benefits such as flexibility, low cost and enhanced organizational efficiency; however, banks andother financial institutions are still reluctant to adopt cloud technology as they are concerned regarding sharing of data in other platforms. It is because for the financial institutions, it is very important to keep the data secure. The banking information is very sensitive and valuable and handing over such information to a third party can be extremely risky for the users as well as banking organizations (Armbrust, Fox, Griffith, Joseph, Katz, Konwinski ... & Zaharia, 2010).
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