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2021-08-12

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Banks take steps to reduce potential cloud computing risks, Google survey

LONDON, Aug 12 (Reuters) - Banks are taking steps to mitigate risks from their increasing use of ext

Banks take steps to reduce potential cloud computing risks, Google survey

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21:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, Aug 12 (Reuters) - Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud&nbsp;said on Thursday.</p>\n<p>The Bank of England and the Bank of France have expressed concerns about a lack of transparency in how banks rely on a \"concentrated\" number of outside cloud computing providers like Google, Microsoft and Amazon which are beyond the arm of the regulators.</p>\n<p>Regulators are worried that reliance by many banks on the same providers could create systemic risk if <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the cloud companies were to go down.</p>\n<p>The survey of 1,300 leaders in financial services from the United States, Canada, France, Germany, Britain, Hong Kong, Japan, Singapore and Australia showed that 83% were using the cloud as part of their primary computing infrastructure.</p>\n<p>The bulk of the 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Banks take steps to reduce potential cloud computing risks, Google survey

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