Auditable Cloud Services and Industry Compliance
Grazed from Wired. Author: Edwin Schouten.
Cloud computing is a trend towards the industrialization of IT, but this industrialization of IT services also has significant impact on the influence the consumer has on the services. Contracts are standard and cannot be tuned to meet consumers’ wishes; ”what you see is what you get.” But IT still needs to govern regulatory compliance, so how does this work with cloud services?
Cloud in the Financial Sector
I will illustrate this using the regulatory organization from my home country The Netherlands (aka Holland). Recently I was a panelist for a discussion on cloud computing in the financial sector at the national outsourcing congress where I represented the cloud providers. On the panel with me were a representative of consumers, a lawyer and a representative of DNB (De Nederlandse Bank), a public limited company responsible for safeguarding financial stability…

