Bank Policy Institute offers tool for assessing cloud security services

The Bank Policy Institute is promoting a tool for assessing “cloud access security brokers,” which the financial industry trade association is offering both within and beyond its membership, and is seen as a way to address security concerns about moving applications into the cloud.

“Financial services has been more cautious than other industries in its approach to the cloud,” BPI's Andrew Kennedy said in an interview, citing sensitive data related to personally identifiable information, mergers and acquisitions, among other issues....