Ernst & Young Joins CSA to Forge Cloud Computing Policies

Lucas Gilmore, “Big 4″ observer
February 14, 2011 /

Added to Ernst & Young’s IT risk management services to firms across industries is its new alliance with Cloud Security Alliance (CSA) which promotes best practices in security within cloud computing, the first partnership between a security organization and a member of the Big Four.

Late last week, Ernst & Young announced its membership with the CSA which opens the door for the business consultancy firm to work with the other member organizations in developing cloud computing security regulations. According to the firm, senior level management and the C-suite have shifted their focus on cloud computing as it is “of high interest on the corporate agenda.”

“We decided to join the CSA not only to have a seat at the table, but also to provide our clients with leading edge insight on technology and risk management so they may move to the cloud safely and securely,” said Bernie Wedge, Americas Information Technology Risk and Assurance leader at Ernst & Young LLP.

In mid January, Ernst & Young has also propped up its Information Technology Risk & Assurance practices by acquiring Hacktics Ltd., a security firm founded in Israel on 2004 that helps companies worldwide in combating the risk of hacking and IT security breach by identifying the real magnitude of the threats to businesses.

Hacktics has since started working with Ernst & Young’s Advanced Security Centers (ASC) to provide their clients with IT security strategies to cope with the modern technology, which Ernst & Young said is threatened by the increasing number of cyber attacks.

CSA, on the other hand, works to provide cloud computing users and service providers a better view into security requirements.

Citing its security survey released last year, Ernst & Young said despite the increasing focus on cloud computing by companies that are expected to put their business applications to the cloud in the next 12 months, the risks in using cloud computing, such as data leakage and loss of visibility of corporate data, should be addressed first.

The survey showed that 45 percent of companies are currently on their way of moving their businesses to cloud computing.

 

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