Financial Services Industry

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Cloud Usage in the Financial Services Sector v2 (Draft)

  • 1.  Cloud Usage in the Financial Services Sector v2 (Draft)

    Posted Apr 22, 2022 04:15:00 PM
    The Cloud Usage in the Financial Services Sector v2 survey/paper is in development and ready for working group members to add feedback and additional questions/answers related to current cloud usage in the financial services industry. Below are some related topics from the paper proposed by the working group co-chairs, in which questions and answers for the upcoming survey are being developed from within the document. Some of these topics have Q&A's ready to be reviewed, and others can use further detail, or different types of questions to represent the entire Financial Services Industry. Work on the paper/survey is being done in the following shared Google document: https://docs.google.com/document/d/1IWJfD5ejEO1nxm1ycbZlEPo-G0mFoTHYXvg9i975WVo/
    • Data privacy/sharing: GDPR / Schrems 2
    • Vendor risk assessments: SaaS provider -> subcontractor to CSP
    • Encryption/key
    • Secrets (short lived etc) lifecycle management:
    • Compliance infra for SaaS/PaaS decentralized/centralized environments
    • Application / Ops: end-to-end understanding/visibility, maturity, documentation (DevOps as a forcing function highlighting gaps in Application teams understanding and appreciation for Ops) / Incident Preparedness within Ops
    • Agile maturity: how are orgs benchmarking their maturity within agile adoption
    • BCP: region migration (e.g. in response to geo-political events): tension between availability zones vs region (particularly in context of SaaS providers)
    • SOC: logging/visibility/response, level of integration with internal/3rd party SOCs
    • SaaS integration with SOC - is it happening?


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    Alex Kaluza
    Research Coordinator
    Cloud Security Alliance
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