As organizations increasingly move their operations to the cloud for enhanced agility and efficiency, it is crucial to assess and manage inherent cyberrisks such as data security, application security, misconfiguration, identity and access management, and vendor risk within the organization's risk appetite. Effective cyberrisk management is essential to safeguard sensitive data, ensure business continuity, and achieve regulatory compliance. Key strategies include conducting a comprehensive risk assessment involving all key stakeholders, developing mitigation strategies, implementing data classification and protection measures, enforcing robust identity and access management policies, evaluating third-party vendor security measures, continuously monitoring and auditing controls, and having a well-defined incident response plan tailored to the cloud environment
By incorporating these strategies, organizations can navigate and mitigate risks effectively while transitioning to the cloud. ```https://www.isaca.org/resources/news-and-trends/industry-news/2024/navigating-risk-when-transitioning-to-the-cloud