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A finanace company is leveraging cloud computing services for a single critical application to minimize costs. What should be the major concern to an IT auditor?
The service provider not providing detailed investigative support for incidents
The long-term viability of the service if the provider should the service provider go out of business.
The ability to recover the application in the event of service provider failure.
The data in the shared environment being accessed by other companies
Considering that an insurance company must preserve the privacy/confidentiality of customer information, unauthorized access to information and data leakage are the major concerns. The other options are also types of risk associated with cloud computing, but are not as relevant as loss of privacy/confidentiality of information in this scenario.
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