Managing Risks of Cloud Computing the Focus of COSO’s Latest Thought Leadership
In response to the growing number of organizations utilizing cloud computing as a viable alternative for meeting their technology needs, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published a new thought paper titled Enterprise Risk Management for Cloud Computing. As with any new technology, cloud computing entails commensurate risks. The thought paper provides guidance on following the principles of the COSO Enterprise Risk Management (ERM) – Integrated Framework to assess and mitigate the risks arising from cloud computing.
Enterprise Risk Management for Cloud Computing is the latest in a series of COSO papers providing organizations and ERM practitioners guidance on effective risk management.