Risk Management of New Technologies

Abstract

Nowadays businesses face multiple issues regarding new phenomena like cloud computing, which is a great business impetus: with the minimization of capital expenditure (CapEx) on IT infrastructure and personnel the efficiency can be improved. Technically this is not a new invention, but it is changing the approach to IT service, which has become outsourced, highly adaptive and scalable. Of course, the change in the technical landscape always implies security issues. Information security is not just a set of technical countermeasures: it is also a business requirement. It will help to avoid financial loss, avoid bad reputation or increase trust among clients. The article analyses business alignment of information security in the case of cloud services. It shows the results of research, where the theoretical and practical issues of risk assessment-based business decision support were analysed and proved. Its finding was that there are cases when we can do examination, but general automa­tized tools are inadequate. However specialized tools and sometimes third party certifications should give more support.