Impact of the Digital Decade on Cloud

Description

Theme 1: Data Act

• What is “cloud switching”? And what is the intent of interoperability?
• Operationally, how can cloud providers deliver customers’ data in a functionally equivalent form within 30 days upon request or at the end of the contract?
• What does “appropriate” support entail when “seamlessly” switching to a competitor provider, and how should metadata be treated? How are cloud businesses ensuring customers can enjoy “functional equivalence”?
• How are price models likely to adapt, and what impact might that have on smaller players/edge computing services? Could new opportunities for standardised data exchange interfaces emerge?
• In practice, what issues are likely to arise concerning “exits” – planned vs. unplanned?

Theme 2: DORA

• To prevent concentration risk, companies are adopting multi-cloud strategies. But in an increasingly interoperable world, with more technical layers and possibly open-source software leveraged, how can financial services entities practically complete end-to-end testing? Specifically for exit testing, when migration may take months (or even years), and exit support could be as short as 30 days for data migration.
• How can cloud vendors comply with the initial ICT-related incident reporting timeline of four hours if the tech stack becomes more complicated?
• Pooled Threat-Led Penetration Testing facilitated by an external tester is helpful for multi-tenant environments. However, what happens to the costs required for IT resources to scope and understand client infrastructure? Will there be greater dependence on the systems integrator role? Is compliance as a service likely to prevail in this space, as with GDPR – i.e., increased service level commitments for highly regulated workloads?
• Will the solution be more standardised or focus on specific accreditations, such as Europrivacy, linked to vulnerability scans, open-source analyses, and penetration testing?

This event has been organised by the SCL Cloud Group

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