UK Treasury Designates Big Four US Hyperscalers as "Critical Third Parties"

UK Treasury designates big four US hyperscalers as "Critical Third Parties"

Will bring Google, Amazon Web Services, Microsoft, and Oracle under direct regulatory oversight

UK to regulate cloud service providers Microsoft, Google and others to protect financial stability

The UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for these tech giants. This initiative is designed to bolster the resilience of the financial sector against potential cyber threats and service interruptions, introducing stringent testing and reporting protocols. Through this framework, the UK aims to secure and stabilize its financial infrastructure for the fut…

UK regulates Amazon, Microsoft, Google in the finance sector

Cloud computing companies Google, Microsoft, AWS & Oracle have been brought under finance sector regulation as "critical third parties" as UK banks face outage or cyberattack risks due to their reliance on the big four. The post UK regulates Microsoft, Google, Amazon in finance sector; India sticks to indirect oversight appeared first on MEDIANAMA.

UK watchdogs to oversee tech providers operating in UK financial services

Four major global cloud services and technology providers designated as Critical Third Parties (CTPs) by the government will sit under the auspices of the Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Amazon Web Services EMEA SARL, Google Cloud EMEA, Microsoft Ireland Operations, and Oracle Corporation UK have been deemed critical to many firms and their disruption or failure could potentia…

Dear Microsoft Stock Fans, Mark Your Calendars for July 13

Fresh U.K. cloud regulations have put Microsoft in the spotlight, leaving its investors watching the road ahead.

UK regulators tighten grip on cloud giants powering finance

UK designates Microsoft, Google, AWS and Oracle as Critical Third Parties under new oversight regime. Read the full story now.