As we become more technology dependent, more so in today's "cloud"-driven environment, IT security needs to evolve from the traditional sense of digital security.

We should see the advent and acceptance of a more holistic, flexible and adaptive model of security that focuses more on managing information security, people and processes in a natural evolution from the traditional model of implementation, monitoring and updating.

According to Teubner and Feller [1] "Governance is understood as securing a responsible corporate management, having its roots in value-based management."

With regard to Risk Management, Marshall Krantz said it best:

"Faced with threats from all quarters - recession and credit crunch, heated global competition, continuing Sarbanes-Oxley pressures - companies are making intensive risk management a top priority "[2]

We can also assert that Compliance constraints aim to ensure that an enterprise satisfies all pertinent legal reporting responsibilities and regulatory transparency demands.

With technologies evolving as rapidly as they are, combined with complexities caused by:

1. The constant drumbeat of global integration

2. Possibility of vendor conflicts of interest

3. Increasing demands for transparency

4. Multinational or country specific regulations

5. and new organizational threats cropping up faster than measures for mitigation are implemented;

enterprises must take appropriate steps to integrate governance, risk management and compliance as part of their modus operandi. A main source of contention within IT governance, is the use of multiple vendors for IT resources, where the objectives of vendors may not necessarily align with that of an enterprise; this can lead to notable governance issues for an enterprise.

According to a SETLabs briefing [3] "Governance Risk and Compliance (GRC) is fast emerging as the next biggest business requirement that is most likely to ensconce itself in the psyche of enterprises."

The briefing also mentioned the concept of Integrated GRC. The aim of which is to improve collaboration between all identified stakeholder, as well as increase the level of GRC integration. This is turn will improve on legacy siloed GRC systems which has been shown to decrease transparency and agility in governance.

Its objective is directed at increasing market competitiveness, reducing risk and improving compliance.

From this we can gather that the traditionally accepted progression of GRC will also need to adapt and evolve; more so as enterprises engage more services within the sphere of cloud computing - in other words an adaptive approach to GRC.

It is understood that in terms of risk management, IT security etc, the board of directors holds ultimate responsibility when it comes to safeguarding enterprise assets. This does not mean that other individuals are exempt from responsibility, far from it, in fact there should be a top down approach to ownership and accountability when is comes to ensuring the safety of company assets.

Edward Humphreys [4] stated that "security incidents occurs because of flaws , gaps or vulnerabilities somewhere in management framework, chain of policy,direction and implementation."

As technologies evolve and cloud computing becomes more accepted and implemented one can question whether there will be a blurring of responsibilities between the technical and non technical aspects of information security management and by extension GRC.

Von Solms [4] made a statement a few years ago that "a separation between operational and compliance management of information security becomes essential." But will this work in today's environment, or do we need to adapt to evolving technologies that will span outside the traditional realm of GRC and IT Security Management?

My quest for an answer,at least relating to GRC and the cloud computing ecosystem led me to a company called Agiliance and a conversation with their CEO, Joe Fantuzzi about their Risk Vision OpenGRC^TM platform. Accordingly, this

platform's foundation supports six integrated applications and over 100,000 controls via standards and regulatory content. It also allows a user the capability to create target reports, import and export files seamlessly,while preserving file structure; has SQL and web services APIs for I/O with any applications, databases, files and systems as well as gives a user access up-to-date laws and regulations with 100,000+ controls and sub-controls.

What caught my attention however was his explanation of their "Cloud Risk Management - RiskVision Cloud Risk Software Services."

This service made allowances for ensuring an accountable implementation of enterprise policy and security assessments within the cloud, as well as, implementing compliance and risk scores with incident management that measure and test enterprise risk, compliance posture, threat levels,vendor risk and policy conformity.

Fantuzzi also spoke about the company's vision for deployment into the cloud and defined their take on Cloud Risk Governance Stages,where he demonstrated their target assessment for both public and private cloud environments in terms of cloud adoption states of readiness, operations and audit.

From an observational viewpoint, its Cloud Risk Operational Monitoring portion appeared to be effectively positioned for application within the cloud ecosystem.

Walking thorough the product, Fantuzzi also demonstrated allowances for seemless functional operations within several virtual environments, with threat/vulnerabilities connectors that were aligned with ongoing technical and vulnerability checks.

One purpose was to ensure continuous compliance checks as well as maintain ongoing monitoring for potential attacks - zero day or otherwise.

He also mentioned an objective of this product is to provide a user with prioritized risk actions and a 360 view of risk posture. Important factors when is comes to ensuring proper governance and management of risk in our compliance driven environments.

I am certain that those of you familiar with NISTs Standards Acceleration to Jumpstart Cloud Adoption of Cloud Computing (SAJAAC), can see this product aligning and growing with SAJAAC as the cloud ecosystem evolves and possible see it as a good utility for both the public and private cloud environments in terms of a cloud step regarding GRC management.

References

[1]Teubner, A. and Feller, T. 2008. Information Technology,Governance and Compliance Wirtschaftsinformatik. 50, 5 (2008), 400-406.

[2] Krantz, M. 2008. Survival in the Age of Risk http://www.cfo.com/article.cfm/11917608/1/c_2984351?f=related

[3] SETLabs Briefings Vol 6 No 3 2008.Pg 39

[4] Edward Humphreys :Information Security Management Standard: Compliance, governance and risk management. Elsevier Information Security Technical Report 13 (2008) 247-255

[5]Information Security Governance - Compliance Management vs operational management - S.H. (Basie) von Solms: Elsevier Computers and Security (2005) 24, 443-447

[6] Joe Fantuzzi CEO Agiliance. www.agiliance.com