Comment by Terretta
21 hours ago
> Cloud providers aren't going to care too much about this. ... [E]nterprise companies e.g. banks ... and none of them have any use for something like this.
As former CTO of world's largest bank and cloud architect at world's largest hedge fund, this is exactly opposite of my experience with both regulated finance enterprises and the CSPs vying to serve them.
The entire foundation of the IT industry is based on trusting the privacy and security policies of Azure, AWS and GCP. And in the decades since they've been around not heard of a single example of them breaking this.
On the contrary, many global banks design for the assumption the "CSP is hostile". What happened to Coinbase's customers the past few months shows why your vendor's insider threat is your threat and your customers' threat.
Granted, this annoys CSPs who wish regulators would just let banks "adopt" the CSP's controls and call it a day.
Unfortunately for CSP sales teams — certainly this could change with recent regulator policy changes — the regulator wins. Until very recently, only one CSP offered controls sufficient to assure your own data privacy beyond a CSP's pinky-swears. AWS Nitro Enclaves can provide a key component in that assurance, using deployment models such as tinfoil.
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