Strengthening Cloud Compliance for US Financial Regulations
DOI:
https://doi.org/10.63282/3050-9246.IJETCSIT-V3I3P105Keywords:
Cloud Compliance, Financial Regulations, US Financial Services, Data Privacy, Gramm–Leach–Bliley Act (GLBA), Securities and Exchange Commission (SEC), Federal Financial Institutions Examination Council (FFIEC), Cloud Security Alliance (CSA), SOC 2 / SOC 3 Compliance, Regulatory HarmonizationAbstract
Cloud computing has become a central component of the modern financial industry, offering scalability, cost efficiency, and flexibility for financial institutions. However, as cloud adoption grows, ensuring compliance with stringent U.S. financial regulations remains a significant challenge. Regulatory bodies such as the SEC, FINRA, and OCC impose rigorous data protection, security, and auditing requirements that must be met by both financial institutions and cloud service providers. This paper explores the complexities of aligning cloud services with U.S. financial regulations, focusing on the critical compliance requirements such as data sovereignty, risk management, and third-party vendor management. The study identifies key strategies to strengthen cloud compliance frameworks, emphasizing the integration of regulatory expectations into cloud governance models, the implementation of robust security practices, and the continuous monitoring of cloud environments. Moreover, this paper discusses the role of emerging technologies like artificial intelligence and blockchain in enhancing compliance processes. Finally, recommendations are provided for both financial institutions and cloud service providers to collaborate more effectively in ensuring regulatory adherence while leveraging the benefits of cloud computing
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