07-01-19 | Blog Post

Demystifying Cloud Governance, Risk and Compliance

Blog Posts

It’s a fact that without the right information security oversight and governance in place, companies face significantly increased security threats and operational and regulatory risks. According to the Rightscale® 2019 State of the Cloud Report, an increasing number of enterprises report that cloud governance is a growing challenge – 84 percent listed it as a top concern, up seven percent over 2018.

But how are companies defining and viewing governance? There are three generally accepted elements of cybersecurity: people, processes and technology. Together, these elements represent a simplified way to think of governance. When you have solid people following proven and tested processes to oversee your carefully selected technology, you’re nailing governance.

In 2007, the first scholarly article was published on the concept of Governance, Risk and Compliance (GRC). The paper described GRC as “the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity.” Today, having a GRC program is a best practice for all businesses.

One of the biggest challenges to implementing an effective GRC program is the people piece. A 2019 State of Cybersecurity survey by ISACA, a nonprofit specializing in information security, assurance, risk management and governance, found that 58 percent of survey respondents reported they had unfilled cybersecurity positions. 62 percent of respondents said it can take three to six months before filling open cybersecurity positions. This understaffing can significantly increase security risk.

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Outsourcing to the right partner can be an immediate solution to help patch any gaps in the people portion of your GRC. Successful providers have seen best- (and worst-) in-class GRCs implemented across organizations and can help you vet your procedures, test your contingencies and keep outsourced data systems integrated into your processes. Otava is a secure, compliant IT service provider that has been helping industries across the US and around the world successfully build, deploy and manage cloud solutions. Contact us to learn more.

Interested in learning more about hybrid cloud risk and governance? Download our free ebook, “Guide to Building and Managing a Cost-Effective Hybrid Cloud” today!


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