CN3303 Lecture 3 Business Risk and Continuity

Cloud Risk Refers to?

• A period during which a cloud computing service is unavailable or not functioning as expected

• Potential threats and vulnerabilities that can negatively impact the security, compliance, and operations of cloud-based systems and data.

• The ability of an organization to maintain essential functions during and after a disaster has occurred.

A cloud service outage?

• A period during which a cloud computing service is unavailable or not functioning as expected

• Potential threats and vulnerabilities that can negatively impact the security, compliance, and operations of cloud-based systems and data.

• The ability of an organization to maintain essential functions during and after a disaster has occurred.

Business Continuity refer to?

• A period during which a cloud computing service is unavailable or not functioning as expected

• Potential threats and vulnerabilities that can negatively impact the security, compliance, and operations of cloud-based systems and data.

• The ability of an organization to maintain essential functions during and after a disaster has occurred.

Business Continuity involves?

• Involves shared resources, remote access, and reliance on third-party providers.

• Applications, storage, or infrastructure services provided by cloud providers like AWS, Microsoft Azure, Google Cloud, etc

• It involves planning and preparing for potential disruptions to ensure that critical operations can continue with minimal impact.

What is the primary goal of business continuity planning?

• Increase profitability

• Ensure organizational survival during disruptions

• Improve employee productivity

• Enhance customer satisfaction

Which of the following is considered a physical risk in a cloud environment?

• Cyber attack

• Natural Disaster

• Data Corruption

• Phishing Scam

Which strategy is most effective in mitigating the risk of data loss in cloud computing?

• Implementing strong password

• Regularly backing up data

• Limiting user access

• Outsourcing IT Management

Which type of risk is associated with changes in laws and regulations affecting cloud computing?

• Reputational Risk

• strategic Risk

• Operational Risk

• Legal Risk

Which of the following is an example of a continuity risk?

• Increased Competition

• Market Fluctuations

• Server failure

• Employee turnover

Which approach is crucial for minimizing the impact of an unexpected cloud service outage?

• Implementing multi-cloud strategies

• Load Testing

• Data encryption

• Reducing the number of users