Study Financial firms cite data security as top concern regarding cloud adoption
Confidentiality of data and data breaches are among the biggest concerns for financial services firms when it comes to cloud adoption.
Cloud solutions add a new dimension to IT security. Perimeter security with firewalls etc will not be enough, when users need to access multiple data sources in parallel over public networks. It is not the system, but the actual data that needs to be protected and the users of that data that needs to be authenticated. Both At Rest and In Transit.
It is also important to maintain control over the encryption keys and not relying on (solely) the cloud service and/or communication security like SSL/TLS.
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