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
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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
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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
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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
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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
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Written by Kit Burden
In recent times, we have seen an increasing number of deals where the required services have been delivered from the cloud, i.e., from remotely hosted solutions, usually (albeit not always) offered on a “one to many” basis and on a subscription/usage based model. This is obviously
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The European Data Protection Supervisor (EDPS) launched it data protection strategy, summarizing it in three strategic objectives and 10 accompanying measures for the next five years.
The EDPS stated that it is a crucial moment for data protection, a period of unprecedented change and political importance, not only in the
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Written by Thomas M. DeButts
The US Department of Commerce, Bureau of Industry and Security (BIS) recently released a redacted Advisory Opinion dated November 13, 2014 that confirms for cloud-based software vendors (or Software as a Service providers) that allowing access to export controlled software for use only in the
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By Patrick Van Eecke and Antoon Dierick
Almost five months after federal parliamentary elections took place, the negotiators from the four political parties around the negotiating table (Flemish parties NVA, CD&V and Open VLD and Walloon party MR) reached a coalition agreement which contains quite a few interesting policy initiatives
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By Phillip Kelly and Elinor Thomas, DLA Piper (UK)
On 26 June 2014, the European Commission announced that it had been presented with guidelines on the standardisation of Service Level Agreements (SLAs) for cloud computing services.
The publication of the guidelines represents only the latest step in the Commission’s
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