Regulatory focus on cloud computing
Regulatory focus on cloud computing
Regulatory Alert, September 2021
Regulatory agencies are taking note of the speed and scale with which financial services companies are transitioning to cloud computing – as well as the predominance of a few, very large cloud service providers – and have begun to highlight certain key areas of concern for maintaining safe and sound operations, data security, and consumer data protections. Consistent themes across the agencies address cybersecurity, data privacy, third-party management, and business continuity.
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