Implementing Risk Management Processes into a Cloud Computing Environment

Abstract

With the significant advances in Information and Communications Technology (ICT) over the last half a century, the Cloud computing paradigm is one of the most discussed topics in the field of ICT today. Additionally, Cloud computing has a critical role in today's business world. Without risk management processes embedded into innovative technology that supports Cloud computing, businesses are setting themselves up for a fall. Hence, in this paper, the authors propose a conceptual model of implementing risk management processes into a Cloud computing environment. It highlights the different processes of risk management (risk identification, risk analysis, risk planning, risk execution, and risk monitoring) and how their existence can affect the Cloud environment to ensure proper protection of data and information in order to ensure Cloud networks and connections are secure.