Treasury Dept. identifies security risks for financial sector in moving to cloud services, next steps

The Treasury Department is raising questions over how the financial sector uses cloud services and makes recommendations on how to address security risks, in a recent report reviewing the benefits and challenges of cloud adoption.

“In assessing the current state of cloud adoption in the financial sector, Treasury found that cloud services could help financial institutions become more resilient and secure, but that there were some significant challenges that could detract from these benefits,” the department said in a release...