Recent outages at major cloud providers like Amazon Web Services reveal just how dependent banks have become on third-party infrastructure, according to a recent article in The Financial Brand, which notes that a single disruption can ripple across systems, undermining customers’ trust and damaging your bank's reputation. The article argues banks must map dependencies, build backups, and coordinate with peers and regulators to strengthen safeguards.
Does your bank have a clear plan to restore systems if your cloud provider fails? How do you keep customers informed during disruptions? Are you sharing resilience practices and lessons with regulators?
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