Prudential Regulation Authority concerned over banks’ reliance on cloud

Canary Wharf

The Prudential Regulation Authority (PRA), responsible for regulating UK banks, credit unions, and insurers, plans to increase its scrutiny of major cloud computing providers.

Concerns stem from the growing reliance the banking sector has on the Big Three to maintain its systems and the threat an outage or hack could pose.

As a result, the PRA is looking into ways to access more data from Amazon, Microsoft, and Google, particularly in relation to the operation resilience...

Siemplify bought out by Google Cloud to bolster security services

Israel

Siemplify, an Israeli cybersecurity start-up, has been bought out by Google’s cloud operation for $500 million (£370m).

The company specialises in end-to-end security services and will be integrated into the Google Cloud platform, and specifically its Chronicle division.

The deal follows Google’s pledge to US President Joe Biden in August 2021 that it would invest $10 billion (£7.38bn) in cybersecurity over the next five years.

Across the industry, tech...

KPMG breaks world record for views on a cloud education video

Cloud Skills Gap

KPMG, a multinational professional services firm, has broken the Guinness World Records title for the most views on a cloud technology learning video on YouTube in 24 hours.

From noon on November 17 until noon November 18, 2,964 people watched the lesson video as part of KPMG’s ‘Cloud Curious Challenge’. Viewers included KPMG employees from countries around the globe, such as the US, Barbados, the Netherlands, Spain, and more.

Schools around the UK were also part...

JEDI: Oracle and Google enter the bidding war for Pentagon cloud contract

Pentagon

The prolonged JEDI war - between Amazon and Microsoft, not Darth Vader and Luke Skywalker - for the $10 billion contract to modernise the US Department of Defence's (DoD) cloud infrastructure has entered a new saga.

Microsoft won the Joint Enterprise Defence Infrastructure (JEDI) contract back in 2019, although its victory was short-lived when Amazon filed for and won an injunction due to potential presidential interference in 2020.

Since then, the Pentagon ruled that...

Telenor partners with Google Cloud to digitise telecom offering

Norwegian Flag

Telenor, a Norwegian multinational telco provider, has partnered with Google Cloud to digitise its services and explore further joint offering opportunities.

The companies plan to not only use Google Cloud capabilities to improve Telenor’s current infrastructure, but also to collaborate on new improvements through Google’s knowledge of data management, machine learning, and artificial intelligence.

The Oslo-based Telenor is majority-owned by the Norwegian government,...

Cart.com partners with Google Cloud to accelerate global E-commerce

E-commerce

Cart.com, the E-commerce as a service (ECaaS) provider, has entered into a strategic partnership with Google Cloud to bring advanced analytics to the 2,500 brands using its platform.

Founded last year during the global pandemic, the Texas-based company aims to democratise online retail by giving small brands the same end-to-end capabilities as the world's largest online retailers.

Its product suite combines marketing, technology, and fulfilment capabilities into one...

Thales and Google to create joint French sovereign cloud company

French Flag

Thales, the French aerospace and defence company, is joining forces with Google to offer state-approved cloud services to French enterprises and the country’s public sector.

The sovereign cloud offering will be operated by a joint company that Thales will be the majority shareholder in.

Despite this majority, the partnership between Thales, Europe’s largest defence electronics supplier, and Google is a clear acknowledgement of US superiority in cloud...

EDM Council brings together top cloud providers for data framework

Framework

Amazon Web Services, Google Cloud, IBM and Microsoft have joined forces with the Enterprise Data Management (EDM) Council – a multi-industry trade association – to publish a data management framework for the cloud.

The resultant cloud data management capabilities (CDMC) framework was developed by more than 100 companies. It involved devising a comprehensive set of standards for cloud, multi-cloud and hybrid-cloud implementations while also incorporating automated key controls...

Google Cloud cuts its marketplace revenue shares from 20% to 3%

Google Cloud Office

Google Cloud is considerably reducing the amount of revenue it takes from third-party software sales on its cloud marketplace.

The platform’s percentage revenue share will soon be changed from 20% to 3% according to an inside source, which Google has since verified.

As the third largest global cloud infrastructure provider, the move comes as an attempt to increase competitiveness and attract software makers to sell their products on Google Cloud.

Market...

Ransomware mitigation sees focus from AWS, Azure, Google Cloud

Ransomware mitigation strategies have become an increasingly important aspect of major cloud providers’ offering following the pandemic.

In recent weeks, Amazon Web Services (AWS), Microsoft Azure and Google Cloud have all published articles recommending mitigation tactics and best practice in the event of a ransomware attack.

A ransomware attack occurs when company files are encrypted and money is demanded in exchange for the decryption key and the maintained privacy...