The European Securities and Markets Authority (ESMA) has released a working paper on financial stability risks from cloud outsourcing, accessible here. Overall, it notes that cloud can increase resilience for financial services firms, but the paper is a timely reminder that a single outage could generate simultaneous
Continue Reading Mitigating the risks of outsourcing IT infrastructure to Cloud Service Providers
The pace of movement towards cloud based service solutions seems to be unrelenting, and encompasses solutions of increasing value and criticality. There is accordingly a lot more discussion and negotiation concerning the contract terms which would govern such services. However, whilst much attention will understandably focus upon important themes such
Continue Reading Hidden Challenges of Enterprise Cloud Engagements
Welcome to the first edition of our new regular tech law newsletter, DLA Piper’s Digital Law Alert. Our inaugural edition features:
Continue Reading Digital Law Alert – Your regular tech law update from DLA Piper UK
The Communication and Information Technology Commission (CITC), the telecommunications regulator in the Kingdom of Saudi Arabia (KSA), issued a revised version 3 of its Cloud Computing Regulatory Framework (CCRF v3), which came into effect on 18/04/1442 H (corresponding to 3 December 2020). The CCRF v3 replaces version 2 of the
Continue Reading Saudi Arabia releases version 3 of its Cloud Computing Regulatory Framework
By Thomas M. deButts and Thomas Reynolds
Under an interim final rule issued by the Directorate of Defense Trade Controls (DDTC) that is set to take effect on March 25, 2020, parties will be able to send, take or store unclassified technical data controlled for export under the International Traffic
Continue Reading Foreign ITAR cloud storage now permitted
On October 18, 2019, the Task Force on Artificial Intelligence, which is a task force within the House Financial Services Committee (FSC), held a hearing titled “AI and the Evolution of Cloud Computing: Evaluating How Financial Data is Stored, Protected, and Maintained by Cloud Providers.” In a memorandum published before
Continue Reading Task force on artificial intelligence hearing: AI and the evolution of cloud computing – key testimony on the risks, challenges and opportunities
As banks and other financial services companies adopt cloud computing for a variety of purposes, questions about the operational risks involved have emerged. In order to use the cloud, many banks are depending on cloud service providers to protect sensitive information rather than managing their own systems, with the potential
Continue Reading Cloud computing in the financial services sector
67% … 84% … 93% … 99.2% … and then stuck interminably at 99.9%. C’mon! Download you unspeakable nuisance! I need to see the next episode.
We might think we still see the dread message “Buffering…” far too frequently, but in reality in any major metropolitan area we are already
Continue Reading Please wait: This article is buffering … Why massive bandwidth might not be the most important aspect of 5G and next generation Internet services
Written by Scott Thiel, Edward Chatterton and Louise Crawford
The Hong Kong Privacy Commissioner for Personal Data (“PCPD“) recently published an information leaflet outlining the application of the Personal Data (Privacy) Ordinance (the “PDPO“) for data users looking to engage cloud providers. The information leaflet outlines
Continue Reading LEGAL UPDATE: CLOUD COMPUTING IN HONG KONG
Written by Joanna Sykes-Saavedra and Greg Manter
In complex sourcing transactions, all sides are quick on the draw with calculators at the ready when it comes to determining formulas for charges or caps on limitations for liability. However, another point of negotiation that similarly requires a sharp pencil is the
Continue Reading How Can A Month Have A Million Minutes? Measuring “Availability” for Your Data Center or Cloud Solution SLAs
