Security concerns slow bank adoption of cloud and mobile

Grazed from ComputerWorld. Author: Matthew Finnegan.

Concerns over security are creating a barrier to the deployment of technologies such as cloud and mobile by UK banks, a survey has claimed. In Fujitsu’s ‘Financial Services Landscape’ report – which surveyed 176 IT decision makers at a range of financial sector firms – respondents indicated that uptake of digital technologies was slower than previously expected.

For example, although the number of companies to roll out cloud computing across their organisation had doubled from two years ago, it still meant that only 16 percent of banks have done so. Meanwhile, 20 percent do not see cloud as an ‘enabler’ for their business at all. “This presents cause for concern. While security should be a priority for any IT deployment, it shouldn’t be the blocker standing in the way of a technology with the vast potential of something such as cloud,” the report claims…

“When it comes to cloud security, a CIO’s objective remains the same as ever: to understand and manage risk.” Other reasons for not adopting the technology included cloud not being key to core business, 22 percent, and unsuitable cost structures, 11 percent…

Read more from the source @ http://www.computerworlduk.com/news/cloud-computing/3525228/security-concerns-slow-banks-adoption-of-cloud-mobile/