Friday, 24 March, 2023

Bank of England to suspend secretive cloud computing services

<p>BoE has become wary of banks trying to rely on cloud computing services that could be secretive. Andrew Bailey, Governor of BoE said, big providers could decide on the T&amp;C and also the pricing. They could also withhold information required to assess risks in the service from its customers. BoE wants more information being provided by the firms to its regulators and customers and understands the threat of cyberattacks as well.</p> <p>&nbsp;</p>