Question

The Cloud Effect" Please respond to the following:

1. Many firms are relying on cloud computing, also known as “the cloud,” to perform key business functions. By moving transactional processing to the cloud, firms are exposing themselves to additional attacks as well as to tighter scrutiny from regulators and stakeholders. From the e-Activity, assume that you are the CFO of Amazon.com. Create an argument indicating how your firm will be able to balance the needs of security with the desire of being a dominant player in the global market.

2. As the CFO, describe your top-three fears in competing in the global market, and how you plan to overcome those fears. Provide support for your rationale.

Answer 1

1. As CFO of Amazon.com, in order to balance needs of security I would hire a team of hackers to do penetration testing. Of course, there would need to authorization and authentication controls in place to ensures that only those who are given access to these systems are using them and gives the company another form of an audit trail. Types of authentication can be passwords, personal identification numbers, ID badges, or biometric identifiers. Without relying on cloud computing is not possible to survive in competitive market. Only through which we can become dominant player in the Global market. By follow above authorisation and authentication controls as CFO of Amazon.com we abletobalance the needs of security with the desire of being a dominant player in the Global Market.

2. As the CFO, there are several fears in a competing global market, which include intense competition, losses from foreign exchange, and data losses, and other security breaches. According to (Kappel, 2014), there are ways to deal with intense competitions which include differentiating our business from the competition, ignore the competition by being a leader in theindustry, do not underestimate the competition and do not play dirty. Foreign exchange risk is inherent to doing business in a global market, so companies need to mitigate that risk when possible. A few ways this risk can be mitigated, according to (Lander), include requiring payment in US dollars, requiring short payment periods to avoid fluctuation in exchange rates, considering charging more to foreign customers to offset potential foreign exchange rate losses and hedging to avoid negative swings. To protect against data losses and other security breaches, it will be important to train employees on how to avoid attempts from outside threats trying to access the system as well as continuing to develop and communicate security plans, policies, andprocedures concerning data losses and other security breaches.