Xacc/280 Week 6 Cloud Auditing

One of the primary issue that needed to be address in Cloud Computing was security. As a result, all types of security procedures are mandatory to be employed by cloud service

Risk assessment and threat assessment should go hand-in-hand.The outcome of the risk assessment and threat assessment should provide recommendations that maximize the protection of confidentiality, integrity and availability while still providing functionality and usability. The purpose of a risk assessment is to ensure sensitive data and valuable assets are protected. An organization should take a hard look at who has access to sensitive data and if those accesses are required. The security audit should monitor the companies systems and users to detect illicit activity.The security audit should

When deciding which information, the company wants to move to cloud, the division of responsibilities needs to be clear between providers and customers, and an analysis of their security roles depending on the type of service offered (Software, Platform, or Infrastructure) (Gonzalez, et al, 2012). Prior to the start of the service contract, the security roles and responsibilities for everything needs to be clearly acknowledged. The management, cost, and security of clouds depend on whether an organization chooses to buy and operate its own cloud or to obtain cloud services from a third party (Grossman, 2009). Each of these choices has its own security and privacy issues. Some security concerns are lessened when a private cloud is used. Only your own information is stored there and the benefits of security might outweigh the costs. Two of the disadvantages of using a private cloud is the level of knowledge needed to support the cloud and the frequency of maintenance. On the other

A technology deployment approach having the potential to be of assistance to global organizations to make better use of IT resources to augment performance and flexibility is rightly called Cloud computing. (Polze & Tröger, 2011) The essential automation of cloud-based technology facilitates organizations entrée to the precise computing resource and that also at a perfect time for a reasonable price. Cloud-based services, in addition to this, are packaged in a manner that explicit workloads are more effortlessly provisioned via the use of refined automation software. Dramatic enhancements in productivity are being experienced by users of these cloud services and as a result have reliable and regular access to the accurate mix of technology to decipher business problems. At the same time as these productivity expansions results from the ability of cloud computing to lift intricacy away from a single user, the benefits in terms of cost and productivity of the cloud rely on an exceedingly refined underlying infrastructure. (Forbes.com, 2015)

In the beginning a lot of talks were about what is the cloud? What does it do? What does it mean to us? Etc. But now the talks started to change and people are really thinking about how they can leverage the cloud, how they can use cloud as delivery model which is more efficient, how can they get services out faster, how can they use cloud with social media, with mobile, with data analytics. This period we are in a flexion point where we have really started using the cloud for advantage. When people want to talk about cloud computing the first thing they want to talk about is how they can save money in their IT environment and the reason is that they want to use the funds to drive innovation into delivering new applications and services instead of servicing the existing infrastructure. This is an opportunity to change the story of IT from tremendous cost. Instead of spending sixty, seventy or eighty percentage on maintaining the existing systems, organizations can flip the economic equation. A good example of how cloud allows businesses to grow is the telecommunication industry. The telecommunication industry have tremendous capacity, they have tremendous adjacency to clients and the cloud offers them the ability to bring new services to their clients more quickly, more efficiently and

In today’s digital world because of increased threats to data security, many organizations seek alternative ways to safeguard highly confidential information (financial and non-financial) – apart from the regular backing up facilities available. With the introduction of cloud computing, the organizations were given an additional option to store all their complex information, behind the safe guards of this information system. This report aims to throw light on the transition of companies from traditional information systems to cloud based ones along with the risks and rewards involved in making this transition.

Recent decades has seen an immense evolution in Information Technology (IT) and has impacted not only on the technological sectors but also the socio-political and economic sectors. One of the archetype of this evolution that have gained momentum have been the cloud computing. With the cloud computing still in its infancy, the tremendous opportunity for the third sector organisation adopting cloud computing will help third sector organisation to decrease their cost in term of acquiring hardware, software and services. As issues with security, availability and service level agreement is concerned, the credibility of the cloud computing which have result of the lack of investment for third sector organisation. The main aims of this

There has been a massive transition from the in-house IT Infrastructure to the Cloud Computing. Many big and small organizations have already successfully migrated all of their data, operations, and other key IT functions to the leading Cloud Computing providers. According to latest research the

The Cloud platform being the hot topic in recent days every organization are trying to move their servers and client operation to the cloud (rackspace, 2016). The main reason for the system migration to cloud platforms would be.

Cloud computing has now become a competitor to traditional IT because of how cheap it is and that it is based on “pay-as-you-go” service just like electricity or gas. There has been a great increase in the migration of businesses into cloud. Cloud has its down side but the advantages are higher and almost negate the downsides. Some of these advantages are resource availability on demand, pay as you go, hardware utilization is better and more efficient, no in house losses with respect to hardware and since there is no hardware involved the maintenance is low too. Cloud computing is drawn-out from distributed computing,

Now that our company may be categorized as a small to medium sized firm, I believe we should consider the prospects of moving towards cloud computing. Traditional business applications have always been expensive and complicated. There is a daunting amount of hardware and software that needs to be dealt with, and more than likely, a team of experts is required to install, configure, test, run, secure and update them. (What is cloud computing?, 2016) Recently, cloud computing is a trend that is being observed in all kinds of businesses. This could be especially beneficial to a firm of our size.

This paper illustrates about the business impact of cloud computing such as tax, marketing and sales, vendor lock-in, tax, internal audit and finance. Business officials, who prefer the proprietary vendor technology might include the higher costs to migrate to another cloud platform environment.

The cloud is growing incessantly because it could provide high performance computational services at cheaper rates. Famous IT companies such as Microsoft, Amazon, Google and Rake space have provided cloud service on the Internet. Organizations and companies are moving and extending their business by adopting the cloud computing to reduce their cost.

Fig -1: An example situation in cloud computing showing the importance of accountability and auditability in the cloud

As per prior examinations, it is natural that the cloud innovation is a great innovation that guarantees the cost bringing down and cost putting something aside for the organization in executing its business operations. Flexibility is the key component of this cloud computing innovation that makes it as a savvy innovation. It is prudent to purchase the cloud administrations in spite of its enormous costs when contrasted with the comparative server that can play out the comparative capacities over some stretch of time. The fundamental felicity of cost model of computing is reasonable for business it can buy just the required helpful to the organization as opposed to obtaining the while administrations which will left unused by the organization. Other cost sparing points of interest incorporate the cost of buying the equipment and software infrastructure, presently organizations don't have an important need to purchase powerful and top end PCs which were