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Cyber-Security Concerns With Cloud Computing: Business Value Creation and Performance Perspectives
Abstract
Information is modeled into virtual objects to create value for its owner. The value chain involves stakeholders with varied responsibilities in the cyber-market. Cloud computing emerged out of virtualization, distributed and grid computing, and has altered the value creation landscape, through strategic and sensitive information management. It offers services that use resources in a utility fashion. The flexible, cost-effective service models are opportunities for SMEs. Whilst using these tools for value-creation is imperative, a myriad of security concerns confront both providers and end-users. Vulnerabilities and threats are key concerns, so that value created is strategically aligned with corporate vision, appropriated and sustained. What is the extent of impact? Expert opinions were elicited of 4 C-level officers and 10 security operatives. Shared technology issues, malicious insiders and service hijacking are considered major threats. Also, an intuitive strategic model for Value-Creation Cloud-based Cyber-security is proposed as guidance in fostering IT-enabled initiatives.
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