Recognize risk management concepts

- [Instructor] There are risks with moving to and operating within a cloud environment for any vendor. Let's discuss how you should approach risks for the cloud. Being in a cloud does not stop risk. You need to know about cloud risks prior to moving into a cloud, but what exactly is risk? Risk is defined as an assessment of something and deeming it a concern that something negative will happen, or a concern that could lead to a problematic consequence. Risk management, on the other hand, is the act or program of assessing and managing risk in your environment. The assessment is to identify what it will impact. Moving to the cloud doesn't lessen or stop risk, and an assessment can help to understand and manage it. A risk assessment is an exercise where you review something to assess how much risk is associated with leading to an issue or problem. When a risk assessment is performed traditionally, it is done by conducting an…