So what’s stopping everyone moving to public cloud?
One old expression still holds true: “Why do people rob banks? Because that’s where the money is!”
The fact that the banks remain the main target for hackers and cybercriminals of all kinds means that a heightened level of security is essential. Some time ago banks were described as simply technology companies with a banking licence, because everything they did was already digitised. It might be more accurate to describe them as security companies, because everything they do is based on trust, if their security is compromised and trust is lost, a bank is out of business.
This is not to argue that private environments always have lower latency and higher security then public ones, but whatever level of regulatory certification AWS, Azure and Google obtain, the banks are going to want to be hyper secure.
Whatever level of regulatory certification vendors obtain, the banks are going to want to be hyper secure.
After all, while AWS beat all the competition (IBM included) to win the CIA’s business, the CIA doesn’t use the main AWS cloud facilities. Instead it uses an especially secure private cloud provided by Amazon. Should the banks settle for anything less?
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