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Treasury Warns of Risks to Financial Sector in Cloud-Computing Services
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WASHINGTON—The Treasury Department is warning about potential vulnerabilities caused by financial institutions relying on a small number of providers for cloud-computing services, convening a group of U.S. officials to study the issue.
The Treasury said in a report to be released Wednesday that banks and other financial institutions are increasingly using remote computing services known as the cloud, part of a broader shift in how businesses manage their technology needs. Many are using these services for software such as email, and a smaller number are relying on it for more sensitive infrastructure such as data storage.
Read more on wsj.comAbout this in other media
Treasury Says Cloud Computing Poses Risks to Financial Sector wsj.com /1 year ago
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