HSBC official fears jail over cloud breaches
Grazed from PRWeb. Author: PR Announcement.
A senior official at HSBC has expressed concerns that IT bosses could end up behind bars due to loose regulation in the financial services sector. Speaking at Cloud Expo Europe, head of Research and Innovation Barry Childe said regulators have not yet created adequate standards around cloud services, which could create risks for those using them, V3 reports.
He explained: "Right now a financial services IT professional is at risk if he outsources a service elsewhere and a leak happens. There is a risk that he would potentially go to prison. There’s no get out of jail free card because he used a third party. "We need a code of conduct of due diligence. We need a standard to allow financial services firms to work with third parties."…

