Tag Archives: cloud data storage

The Newest SEC OCIE Risk Alert: Cloud Storage Is Great, If Your Cloud Is Secure!

On May 23, 2019, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert on the importance of storing customer and data in a cloud environment in a secure fashion. Titled “Safeguarding Customer Records and Information in Network Storage – Use of Third Party Security Features,” the risk alert addresses proper cloud … Continue Reading

Financial Services Compliance Obligations Under the Cloud

The migration of personal and financial data to the cloud has highlighted, for both financial institutions and their regulators, risks associated with data breaches.  This migration has involved third-party cloud services vendors storing and processing such personal and financial data on behalf of their financial services customers. Cloud service offerings for financial services customers are … Continue Reading
LexBlog