As the rate of cloud adoption continues to accelerate, financial institutions, cloud service providers, regulators, and technology vendors have been left with the critical challenge of mitigating many associated risks - even at the federal government level with the recent
White House RFI. On this panel, leaders from Citi, Google Cloud, and BMO will discuss updates on the recently open sourced FINOS Common Cloud Controls (FINOS CCC) project, and the need for a set of open standards that describes consistent controls for compliant cloud deployments to alleviate cybersecurity threats, compliance costs, a fragmented regulatory landscape, cloud concentration, and more.