Wow they never used DVDs?
Yeah right cause cloud store means it will always be there, right?
The world's financial regulators seem to have only become aware of the possibilities of OTT apps like WhatsApp and Signal over the past year or so, and now they have learned about cloud storage too. While jotting down the final rule amendments to its Electronic Recordkeeping Requirements note this week, America's Securities …
Cloud storage isn't exactly new. We probably have enough experimental data to estimate how reliable it is compared to traditional backup strategies.
That's end-to-end reliability, so I'm including the likelihood of the provider going bankrupt, the provider suffering finger trouble and the provider deciding to cease service (for any reason) and telling the customer "You have until next month to pull everything you want back down the wire to your new solution. After that, bye-bye data.".
So, umm, have there been any studies?
It's good to know that the USA is always looking out for new opportunities to make corruption safer for everyone.
Wallstreet: "We're caught with evidence!"
Wallstreet IT: "Just overwrite or delete it."
Wallstreet: "Oh right, thanks!"
I would state that banks will be next but, since they get away with 10,000,000,000,000 dollar corruption anyways, laws only mean +/- profit to them.
Hold on while I recover ...
Chocked on my coffee while reading.
Cloud storage isn't exactly
new safe or reliable.
probably already have more than enough experimental data to estimate clearly understand how reliable unreliable it is compared to traditional backup strategies.
There you go, methinks it now reads better.
Have a good week-end.
You left out that the credit card that was charged for the Cloud account had been declined and the email for that ex-employee doesn't exist so the account gets deleted, data and all, since they'd been trying to send out warning eMails for months (snail mail being completely forgotten).
"The records were stored on a server with our cloud provider but due to an automatic payment failure coupled with no attempts by the cloud provider to contact us, those records no longer exist."
Gonna have to be regulations to prevent this, like failure to produce records means someone in the C suite is doing hard time, to prevent this from being the next most-used defense in future investigations.