Governance, Risk Management and Compliance (GRC) and the Cloud

Can traditional GRC practices adapt to the cloud computing environment?

As we become more technology dependent, more so in today's "cloud"-driven environment, IT security needs to evolve from the traditional sense of digital security.

We should see the advent and acceptance of a more holistic, flexible and adaptive model of security that focuses more on managing information security, people and processes in a natural evolution from the traditional model of implementation, monitoring and updating.

According to Teubner and Feller [1] "Governance is understood as securing a responsible corporate management, having its roots in value-based management."

With regard to Risk Management, Marshall Krantz said it best:

"Faced with threats from all quarters - recession and credit crunch, heated global competition, continuing Sarbanes-Oxley pressures - companies are making intensive risk management a top priority "[2]

We can also assert that Compliance constraints aim to ensure that an enterprise satisfies all pertinent legal reporting responsibilities and regulatory transparency demands.

With technologies evolving as rapidly as they are, combined with complexities caused by:

1. The constant drumbeat of global integration

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Source: sys-con.com
By: Jon Shende