Cloud Journey by Risk Mitigation in Financial Institutions/Banks

Presented by

Muhammad Ahmad, Head Information Security, FINCA Microfinance Bank Limited, Pakistan

About this talk

Cloud Migration Journey in Financial Institutions/Banks has been adapting the cloud services and is becoming the first choice due to its scalability, elasticity, cost-saving, reduced overhead, and Pay as you go model. But for financial institutes/Banks, they have more focus on privacy, security, confidentiality, and integrity of customer & financial institution. Join this session as we discuss: • Different aspects of Cloud migration throughout its journey while keeping our risks appetite within limits. • Common threats including data breaches, data loss, DDOS, insider threats, shared responsibility, and risk of insufficient due diligence/care throughout its life. • Continuous risk management strategy • Why financial institutes/banks are slow/reluctant in moving their customer/core data to cloud. • Legal & Regulatory aspects while dealing with cloud and mitigating the associated risks.

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