Risk Management

Once data is off-site, an organisation may lose visibility and control but will still be responsible when it comes to regulatory compliance. In the cloud, logging and data for lots of clients can be hosted in the same place, unsegregated, or spread across a range of datacentres. The customer may not even know what country it’s stored in.

This will be no excuse for not meeting UK or European data protection requirements. Investigating potential breaches of law or regulation – such as rules on financial transations - could be difficult. In some industries, and for some processes audit trails are essential – this could help to dictate what you do and don’t put in the cloud.

News

  1. KPMG & Oracle partner on financial cloud services

    Sep 24, 2014 Rene Millman

    KPMG will offer financial processing on Oracle Cloud

  2. Bloomberg launches Vault on Salesforce.com

    Jul 18, 2014 Rene Millman

    Financial data company debuts information archiving and compliance as a service

  3. Skyhigh Networks backed by Salesforce in $40m funding round

    Jun 24, 2014 Alex Hamilton

    Cloud security company gets big name backer in its second successful funding drive

  4. IBM targets supplier relations with cloud-based software

    May 22, 2014 Alex Hamilton

    Big Blue's new analytics software hopes to grow customer engagement with partners and suppliers

  5. Collaboration word cloud

    Cloud-based tool could help simplify business partnerships

    May 15, 2014 Rene Millman

    IBM launches cloud service aimed at improving collaboration and processes between organisations

Advice

  1. Banking and the cloud explained

    Jul 28, 2015 Maxwell Cooter

    How can banks leverage what the cloud has to offer for the good of customers? Max Cooter takes a look

  2. How to work with (and without) cloud standards

    Jul 7, 2014 Adrian Bridgwater

    Is excessive bureaucracy killing cloud standards? Can you work without them?

  3. Why doesn’t cloud ERP just work?

    Jun 13, 2014 Adrian Bridgwater

    There are signs that the take-up of cloud-based ERP is already waning, so how should CIOs proceed?

  4. Businesses should get wise to legal issues

    May 6, 2014 Andrew Joint

    The European Commission is acting tough on all aspects of cloud: businesses need to get clued up

  5. The new Salesforce offers customers more CRM options

    Mar 31, 2014 Clare Hopping

    The introduction of Salesforce1 has meant the company can better meet customer demands