Major Misconceptions About Cloud Security in European Financial Sector, New Survey Shows

Grazed from SecurityIntelligence. Author: David Strom.

The ENISA report titled “Secure Use of Cloud Computing in the Finance Sector,” published in December 2015, showed just how far European banks and other financial institutions lag behind with respect to perceptions and usage of cloud computing in their businesses. While more than 87 percent of those institutions are already using some form of cloud computing, their knowledge of basic cloud technologies and best practices is either sadly disappointing or shocking, depending on your perspective.

There’s a Need for More Information Regarding Cloud Security

The study was sponsored by the European Union Agency for Network and Information Security (ENISA is its French acronym) and had input from the Cloud Security Alliance, an international best practices body. The authors, Rossen Naydenov, Dimitra Liveri, Lionel Dupre and Eftychia Chalvatzi, developed two survey instruments: one for financial and cloud service providers, and the other for the national regulatory bodies in various EU countries…

The surveys were followed up with a series of phone calls. More than 40 entities participated…

Read more from the source @ https://securityintelligence.com/major-misconceptions-about-cloud-security-in-european-financial-sector-new-survey-shows/