IT Risk Management Assignment | Cloud Computing

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Added on 2020-04-01

IT Risk Management Assignment | Cloud Computing

Added on 2020-04-01

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Running head: IT RISK MANAGEMENTIT RISK MANAGEMENTName of the StudentName of the UniversityAuthor Note

IT Risk Management Assignment | Cloud Computing_1

IT RISK MANAGEMENT2EXECUTIVE SUMMARYThe main aim of moving to cloud can directly help in achieving or delivering theconcept of cloud computing resources which can involve everything from data centres toapplication. This process is mainly achieved over the framework of the internet on a basis ofpay and use process. the overall concept of the cloud computing can be related to on demandmodel of service which is based on the concept of virtualization and computing technologywhich are distributed. The main architecture that can be achieved from moving to the conceptfor any organisation are:High resources which are abstractedNear instant of flexibility and scalabilityNear provisioning instantaneousResources are shared (hardware, memory and database)“service on demand “which are related to the “pay as you go” process of billing.Management which is programmatic.Category of cloud computingSoftware as a service (SaaS): this can be related to the software services which aremainly delivered by a third party which are mainly available on a demand basisusually via the internet configurable remotely. Example of such services can be wordprocessor and tools which are related to the spreadsheet tools, web content service(CRM, Google Docs) and CRM services.Platform as a service (PaaS): this mainly allow the customers to development newapplications using the concept of the API which are deployed and remotelyconfigurable. The platform mainly delivered the services which include deployment

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IT RISK MANAGEMENT3platform, configuration management and development tools. Example of suchservices are force, Microsoft Azure and google search engine.Infrastructure as a service (IaaS): this concept mainly provides virtual machine andother services which are abstracted such as abstracted hardware and operating systemwhich can be mainly be controlled by the services which are related to the API.Example of such services may include Amazon EC2 and S3, windows live SkyDriveand Rack space cloud.

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IT RISK MANAGEMENT4Table of ContentsFinancial Services Sector Review..................................................................................4Security Posture Review................................................................................................4Threats, Vulnerabilities and Consequences Assessment...............................................6Data Security..................................................................................................................7Risk mitigation...............................................................................................................8References....................................................................................................................10

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