One Article Review
| Source |  CSO |
|---|---|
| Identifiant | 1890745 |
| Date de publication | 2020-08-31 06:00:00 (vue: 2020-08-31 14:05:34) |
| Titre | Cloud technology great for security but poses systemic risks, according to new report |
| Texte | Although nearly 30 years old, cloud computing is still a “new” technology for most organizations. The cloud promises to reduce costs and increase efficiencies through storage and management of large repositories of data and systems that are theoretically cheaper to maintain and easier to protect. [ Follow these 5 tips for better cloud security. | Get the latest from CSO by signing up for our newsletters. ] Given the growing rush by organizations to move to the cloud, it's no surprise that some policymakers in Washington are calling for regulation of this disruptive technology. Last year, Representative Katie Porter (D-CA) and Nydia Velázquez (D-NY), urged the Financial Stability Oversight Council (FSOC) to consider cloud services as essential elements of the modern banking system and subject them to an enforced regulatory regime. Their calls for this kind of oversight came in the wake of a major data breach of Capital One in which an employee of the financial institution was able to steal more than 100 million customer credit applications by exploiting a misconfigured firewall in operations hosted on Amazon Web Services (AWS). |
| Envoyé | Oui |
| Condensat | 100 able according although amazon applications are article aws banking better breach but calling calls came capital cheaper click cloud computing consider costs council credit cso customer data disruptive easier efficiencies elements employee enforced essential exploiting financial firewall follow from fsoc full get given great growing here hosted increase institution katie kind large last latest maintain major management million misconfigured modern more most move nearly new newsletters nydia old one operations organizations oversight please policymakers porter poses promises protect read reduce regime regulation regulatory report repositories representative risks rush security services signing some stability steal storage subject surprise system systemic systems technology than them theoretically these through tips urged velázquez wake washington web which year years “new” |
| Tags | Data Breach |
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