Security is often touted as the reason why organisations aren’t moving over to cloud computing. Banks are among them, but not because they are reticent about the advantages that it can bring them – many of them use private clouds anyway. In fact, stringent industry regulation and regulatory compliance are creating an actual or perceived threat because moving their systems and data to, for example, a public cloud can lead to a loss of control.
This is just a brief extract. The article was published by Banking Technology on 20th July 2012, but it is currently not available online.


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