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What is Cloud Oversight in Financial Services Understanding Responsibility and Control about?

The document discusses the shared responsibility of financial institutions and cloud service providers (CSPs) in safeguarding sensitive information as they migrate to the cloud, emphasizing the need for clear delineation of responsibilities and effective risk management. It highlights the importance of internal audits adapting to include cloud-specific controls and the necessity of ongoing evaluation of CSP security measures. The Federal Financial Institutions Examination Council (FFIEC) guidance serves as

Author

Adebiyi Saint Skempo

Language

EN