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techneticscybersecurity.com.au
article
https://techneticscybersecurity.com.au/how-to-address-your-it-infrastructure-…
IEEE
The Risk Assessment Framework for Cloud Computing, the “Standards for Cloud Risk Assessments – What’s Missing?” paper, and the “Risk Management and Risk Assessment at ENISA: Issues and Challenges” paper published by the Institute of Electrical and Electronic Engineers present an innovative cloud risk assessment framework that integrates qualitative and quantitative assessment techniques, gap analysis, and even a comparison of existing standards and frameworks. [...] ENISA
The Cloud Computing Risk Assessment and the Cloud Computing Information Assurance Framework developed by the European Agency for Cyber security offer a comprehensive approach to identifying, assessing, and mitigating cloud security risks while providing guidelines for choosing a cloud provider. [...] With a carefully executed cloud risk assessment, businesses can understand the current state of their cloud security and potential vulnerabilities, prioritise critical risks, incorporate best practices and industry standards into risk mitigation strategies, and continuously monitor, measure, and improve cloud security performance.
Some of the most widely used cloud risk assessment frameworks in this day and age are:
ENISA
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crowdstrike.com
article
https://www.crowdstrike.com/en-us/cybersecurity-101/cloud-security/cloud-secu…
Without a cloud security framework, organizations lack the in-depth visibility needed to determine if that data is adequately secured. Failing to maintain this visibility leaves you vulnerable to data exposure, unauthorized access, and other security threats. You can mitigate risks and protect your data in the cloud by selecting the appropriate framework and implementing best practices such as risk assessment, security controls, and incident response. [...] Cloud security frameworks are sets of guidelines, best practices, and controls organizations use to approach the security of their data, applications, and infrastructure in cloud computing environments. They provide a structured approach to identifying potential risks and implementing security measures to mitigate them. [...] ### CSA STAR
The Cloud Security Alliance’s Security Trust Assurance and Risk (CSA STAR) framework provides cloud security best practices and validates the security posture of cloud service providers. The framework itself outlines both the cloud-specific security controls for cloud providers as part of the Cloud Control Matrix (CCM). In addition, it also provides customers who run applications on these clouds a list of questions to ensure they can assess their CCM compliance
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tsapps.nist.gov
official
https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=919234
Actors’ incidents, threats, risk management decisions, and solutions. 8.1 The Risk Management Framework Risk is often expressed as a function of the likelihood that an adverse outcome occurs, multiplied by the magnitude of such an adverse outcome. In information security, likelihood is understood as a function of the threats to the system, the vulnerabilities that can be exploited, and the consequences of those vulnerabilities being exploited. Accordingly, security risk assessments focus on [...] of strategic and tactical security and includes the execution of a risk assessment, the implementation of a risk mitigation strategy, and the employment of risk control techniques and procedures for the continuous monitoring of the security state of the information system. Cloud-based information systems, as with traditional information systems, require that risks be managed throughout the system development life cycle (SDLC). In this chapter, we focus only on the tier 3 security risk related [...] Perspective Risk assessment (analyze cloud environment to identify potential vulnerabilities and shortcomings) 1. Categorize Categorize the information system and the information processed, stored, and transmitted by that system based on a system impact analysis. Identify operational, performance, security, and privacy requirements. 2. Select (includes Evaluate-Select-Negotiate) Identify and select functional capabilities for the entire information system, the associated baseline security
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learn.microsoft.com
article
https://learn.microsoft.com/en-us/compliance/assurance/assurance-risk-assessm…
# Risk assessment guide for Microsoft Cloud
The goal of a cloud risk assessment is to ensure that the system and data that exist in or are considered for migration to the cloud don't introduce any new or unidentified risks into the organization. The focus is to ensure confidentiality, integrity, availability, and privacy of information processing and to keep identified risks below the accepted internal risk threshold. [...] A secondary benefit is that Microsoft provides mappings against these frameworks in documentation and tools that accelerate your risk assessments. Examples of these frameworks include the ISO 27001 Information security standard, CIS Benchmark, and NIST SP 800-53. Microsoft offers the most comprehensive set of compliance offerings of any CSP. For more information, see Microsoft compliance offerings. [...] Microsoft recommends that customers map their internal risk and controls framework to an independent framework that addresses cloud risks in a standardized way. If your existing internal risk assessment models don't address the specific challenges that come with cloud computing, you'll benefit from these broadly adopted and standardized frameworks. Your internal control framework might already be a conglomeration of multiple standardized frameworks. Having these controls mapped to their
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cyber.gc.ca
article
https://www.cyber.gc.ca/en/guidance/cloud-security-risk-management-itsm50062
Cloud security risk management makes allowances for stacking assessments like building blocks. In this model, the assessment for each cloud system must only cover the implementation of that specific system. For example, a SaaS provider would not need to give evidence for the security assessment of the IaaS and PaaS systems that it leverages. Instead, separate security assessments would need to be completed and could then be reused for the leveraged IaaS and PaaS systems. This would reduce the [...] Figure 1 also depicts the mapping of Annex 1 Departmental level activities of ITSG-33 with selection of security control profile activity within the cloud security risk management approach.
### 3.3 Foundation frameworks
This cloud security risk management approach is derived from the following cloud computing and information system security risk management standards, recommendations, and guidance: [...] Information security managers are responsible for including cloud environments in their information system security risk management practices. Responsibility for security assessment and authorization resides with the business owner within the consumer organization seeking the cloud service capability.
Figure 1: Cloud security risk management approach relationship to IT risk management process
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sentinelone.com
article
https://www.sentinelone.com/cybersecurity-101/cloud-security/cloud-risk-manag…
A cloud risk assessment involves identifying cloud assets, evaluating threats and vulnerabilities, calculating risk levels, and developing mitigation strategies. It is a systematic approach to understanding your cloud security posture.
Cloud risk mitigation includes implementing encryption, access controls, and network security. Regular security assessments, employee training, and threat updates are also crucial. [...] Cloud risk security assessment looks at a cloud environment step-by-step to find possible weak points and threats.
The process for evaluating cloud security risks looks a lot like how we check for cyber threats. Here’s a quick rundown of the main steps you should take:
### 1. Defining the Assessment Scope
Clearly outlining which cloud services, applications, and data will be evaluated to focus resources effectively.
### 2. Inventory Cloud Resources [...] Having an effective cloud risk management framework means that you have a proactive way to protect digital assets — spotting, evaluating, and handling possible threats to your data and systems in the cloud.
Companies can make smart choices, avoid problems, and keep customers happy by understanding possible risks. So, cloud computing risk management acts as your company’s safety net in the online world.
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cymulate.com
article
https://cymulate.com/cybersecurity-glossary/cloud-security-management
The first step in implementing a cloud security strategy is to conduct a thorough risk assessment specifically tailored to the cloud environment. This assessment should identify potential threats and vulnerabilities, assess the likelihood and impact of each risk and prioritize risks based on their severity and potential business impact.
### Step 2: Align security measures with business and compliance needs [...] Strengthen your cloud defenses by proactively tackling today’s most pressing cloud security threats.
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## Main cloud security frameworks
A good cloud security structure requires adherence to industry-recognized frameworks and relevant compliance regulations. These standards provide a structured approach to managing risks and ensuring data protection.
These are the key frameworks used to maximize cloud security:
### NIST cybersecurity framework (CSF) [...] Cloud security management is the practice of securing cloud-based data, applications and infrastructure through coordinated policies, controls and continuous oversight.
Cloud environments introduce distinct security challenges such as misconfigurations, identity misuse and limited visibility that require approaches beyond traditional IT security models.
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tandfonline.com
article
https://www.tandfonline.com/doi/full/10.1080/08874417.2024.2329985
by T Ali · 2024 · Cited by 94 — This paper examines the various classification and categorization schemes for cloud computing security issues, including the widely known CIA trinity.Read more