Cloud services are gaining traction with C-suite execs looking to drive business innovation and competitive advantage, however cloud adoption can create gaps between cloud usage and risk management. To address this issue from the top, PwC recently released its Managing risk in the cloud—management’s role report, outlining the appropriate measures business executives can take to increase cloud service awareness and maximize security of data in the cloud.
Employees from fragmented business units often subscribe to cloud services—sometimes without considering the financial, regulatory and reputational exposures the company faces – and therefore top executives have an incomplete profile of activities in the cloud. The report introduces PwC’s lifecycle approach to address cloud use, operations and compliance risks, and key considerations the C-suite should evaluate when adopting cloud services.
Read the full report here.