Summarize cloud-computing-specific data protection and privacy regulations in Poland, Sweden, Belgium, Germany, and UK.
- [Instructor] Now on to Europe … where Polish law subjects financial service providers … to additional outsourcing requirements … that may affect cloud computing transactions. … These requirements do not apply to outsourcing in general … but rather to outsourcing of specific functions or services … indicated in the legislation. … For example, … under the banking law, … an outsourcing contract must always be in writing. … It cannot restrict a provider's liability for damage … caused to the bank's customers. … It must provide for the protection … of the bank's professional secrets … and it must grant audit rights to the bank … and its regulator. … A bank must also keep records … indicating the location where the entrusted functions … are performed, … as well as identifying all contractors and subcontractors. … It's of note that a contractor … cannot cooperate with subcontractors … without the bank's written permission. … If an outsourcing contract … involves performing certain actions …
AuthorKevin L. Jackson
- Cloud computing drivers
- Deployment and services models
- Attack vectors
- Cyberthreats to financial services
- Regional requirements for data privacy and protection
- Regional risk and compliance requirements
- Case studies in financial cloud security
Skill Level Beginner
IT Security: Key Policies and Resourceswith Gregory Michaelidis23m 44s Intermediate
1. Cloud Computing Overview
2. Financial Services Industry's Approach to Cybersecurity
3. Regional Data Protection and Privacy Requirements
4. Regional Risk and Compliance Requirements
5. Key Threats and Controls in Financial Cloud Security
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