Utilizing Security Risk Approach in Managing Cloud Computing Services

There is no doubt that Cloud Computing (CC) introduces opportunities that mobilize new strategic ICT agenda across organizations. Like the Internet when it was first introduced, the introduction of Cloud Computing unveils the creation of enormous possibilities in information sharing. Unlike the Internet, Cloud Computing allows organizations to transfer ICT assets externally to meet their cost reduction agenda in predefined contractual terms. However, both the Internet and Cloud Computing only highlight security challenges, prevalent undoubtedly, especially at the time when the popularity of Cloud Computing continues to mount. In this article, common security threats to Cloud Computing are explored. These threats are addressed through acceptable measures, through governance and effective risk management using a tailored Security Risk Approach (SRA).