Friday, 24 March, 2023

Big Cloud services could face resilience testing, says Bank of England

<p>The Bank of England has said that tech giants like Google, Amazon, providing cloud services to British banks may have to comply with minimum resilience standards. Many European and US regulators are also worried about the bank&#39;s reliance on a handful of tech companies for cloud, and how much of an impact an outage could have on financial stability. Resilience testing is being suggested as a solution for the problem.</p> <p>&nbsp;</p>