Secure Cloud Computing Benefits, Risks and Controls

Cloud computing presents a new model for IT service delivery and it typically involves over-a-network, on-demand, self-service access, which is dynamically scalable and elastic, utilising pools of often virtualized resources. Through these features, cloud computing has the potential to improve the way businesses and IT operate by offering fast start-up, flexibility, scalability and cost efficiency. Even though cloud computing provides compelling benefits and cost-effective options for IT hosting and expansion, new risks and opportunities for security exploits are introduced. Standards, policies and controls are therefore of the essence to assist management in protecting and safeguarding systems and data.