The Indian banking and financial services sector has witnessed a massive digital leapfrog in recent months. This has also led the industry to adopt public cloud at a faster pace. Organizations in the sector is now dealing with several challenges around security, compliance and privacy as they move more data to cloud. Data resilience is a growing challenge for organizations that have highly diversified hybrid multi cloud environments.
While security of data on cloud has been an evolving discussion, there are often widening gaps. Financial institutions must rethink data protection for the cloud-era.