Cloud computing security and compliance issues challenge banks
Financial services firms, wary of cloud computing, are looking to a new hybrid public-private cloud strategy to ease concerns.
While compute clouds promise inexpensive and plentiful computing resources, the lack of standard security practices, concerns about the implications on compliance frameworks and operational risk worries have led many users in the financial services industry to adopt a hybrid public-private cloud strategy, according to members of the industry
"Standardization and things like compliance are very
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