What is the purpose of the Cloud Controls Matrix?

The Cloud Controls Matrix (CCM) serves the specific function of providing a comprehensive framework for cloud security best practices. This framework is designed to help organizations assess the security posture of cloud providers and their services, allowing them to identify and manage risks associated with cloud computing environments effectively.

By offering a structured approach to establishing and evaluating security controls, the CCM facilitates the implementation of security measures tailored to the unique characteristics of cloud services. It outlines various control domains, including data security, application security, and governance, making it easier for organizations to align their security practices with recognized standards and industry regulations.

Although the other options mention important aspects of corporate governance and risk management, they do not focus specifically on the cloud context or the structured guidance that the CCM provides for enhancing cloud security. The matrix is primarily centered around security controls and practices that can be applied in cloud environments, reinforcing why it stands out as the correct answer.