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Part of the b:INFORM 2015/2016 Cloud Survey Trend SeriesMany banking regulators consider cloud computing to be a form of outsourcing. For supervised financial institutions, use of external cloud computing for material business functions is a regulated activity. Previously issued guidance by financial regulators on outsourcing and offshoring is likely to apply to cloud services, in addition to specific cloud related statements.Board Level Attention RequiredThe FFIEC in the US, the FCA in the UK, and APRA…

The Australian and French privacy regulators have also respectively issued guidance on getting accountability right but take a slightly different approach compared to the Canadian, Hong Kong and Colombian regulators in that they do not expressly refer to, or promote the implementation of, privacy management programs.The French ApproachThe French data protection authority was the first European privacy regulator to release a standard outlining what accountability means in practice. The French Standard, released in January 2015,…

Australia is getting closer to joining the growing list of countries with a mandatory data breach notification scheme. We are currently witnessing a significant increase in countries debating and/or enacting legislation requiring entities to notify serious data breaches to supervisory authorities and frequently also affected individuals. Businesses need to respond to this trend by implementing incident response plans (ideally on an international scale) and reflecting notification requirements in controller/ processor contracts.We previously summarised the key legislative…

Drones are becoming increasingly common in the private and commercial spheres. Here are three things you should know about drones and related legal issues:What Are Drones?Drones—otherwise known as remotely piloted aircraft (RPAs), unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UAS)—are aircraft without a human pilot aboard.Drones can vary significantly in terms of size, sophistication, function and cost, and can be used for a variety of purposes ranging from purely personal / recreational uses to…