ECB guide on outsourcing cloud services to cloud service providers

The European Central Bank (ECB) acknowledges that the use of cloud services offers various benefits to supervised entities. Compared to internal information and communication technology (ICT) infrastructure, cloud services are cost efficient, scalable, secure due to providers using cutting-edge security technologies, resilient due to data backup solutions and disaster recovery options and provide supervised entities with access to innovative technologies. At the same time, as the cloud services market is highly concentrated, with many cloud ser

Source: op.europa.eu