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Bank IT compliance: how financial services can stay compliant with regulations

Secure Storage

“Banks need to be very careful about the types of cloud solutions they choose to adopt, and one way to stay compliant is to adopt private cloud storage solutions that are deployed entirely within the organisation firewall, and enable firms to comply with data residency requirements,” says Aron Brand, CTO of data storage firm CTERA. “Cloud solutions should also be required to use at-rest data encryption, and must integrate with the bank’s existing security infrastructure, including key management solutions utilising the KMIP protocol.”

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