UK says the cloud is financial infrastructure

New UK Critical Third Party regime: why this is only the beginning for financial institutions

Financial institutions still face hidden fourth-party risks even after Microsoft, Google Cloud, AWS and Oracle were designated as critical providers.

UK says the cloud is financial infrastructure

Every cloud architect, every financial services executive, and frankly every enterprise CTO should be paying attention to what is going on in the United Kingdom right now. Britain has formally designated Microsoft, Google, Amazon Web Services, and Oracle as “critical third parties” to the financial sector, meaning they are now subject to direct oversight by UK financial regulators rather than being treated as distant infrastructure suppliers out…