How banks can select a reliable cloud computing provider
December 4, 2012
Grazed from The Houson Business Journal. Author: Lisa Chason.
Businesses all over the world are making the leap to the cloud as a cost-effective way to store and protect vast amounts of transactional data and information. Financial institutions are no different. However, given the sensitive nature of the data that banks handle with every transaction, it is crucial to understand how to design and deploy the right cloud solution to ensure security of customers’ information.
In recent years, security breaches impacting financial institutions and their customers have been widely reported, so banks are continuously updating their security platforms — and may be hesitant to transition to the cloud, which is sometimes perceived as less secure…
Even so, the cloud is transforming the way banks do their business and improving the customer experience. Banks who fail to utilize the cloud could ultimately find themselves falling behind the times, and unable to handle — or afford — the big data they are required to archive…
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