Regulatory Red Flags to Look For When Buying or Selling Cloud Computing Services

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Presented by

Sanjay Anand (a.k.a. Mr. Sarbanes Oxley™), Chairperson of SOX, GRC, ESG Institutes™, Sarbanes Oxley Group™ LLC

About this talk

Suited to both buyers and sellers of cloud computing services, this webinar will cover some of the key regulatory aspects that are relevant in the specialized niche of cloud computing. We will first define what we mean by cloud computing, and then get into some of the specifics related to the rules and regulations surrounding it. In particular, we will focus on: - Responsibilities of buyers and sellers of cloud computing services - Rules and regulations that both parties must be aware of and adhere to - How to deal with and handle some of the common issues and challenges that often arise in such outsourcing arrangements/relationships - Roles, risks and responsibilities associated with cloud computing in small and large corporations - How to simplify and streamline compliance with regulations when outsourcing to cloud compliance service providers While it is impossible to cover every risk and regulation applicable to cloud compliance, participants in this talk will walk away with a fundamental understanding of some of the risks and challenges, as well as benefits, of cloud computing, and in particular will have a better understanding and frameworks to determine the extent (if at all) to which cloud computing is justifiable for specific functions/procedures within their organizations, with particular emphasis on the risks associated with non-compliance due to such things as: incomplete/unclear communication, incomplete/unclear understanding, incomplete/unclear due diligence, and incomplete/unclear oversight/audits. This will be generalized advice, and our goal will be to focus on understanding the general policies and principles associated with cloud compliance, and so we will address some of the broad regulatory issues and challenges using specific situations and regulations as illustrative examples.
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