Adam Nunn, sr director of governance, risk and compliance at auth0, writes that the COVID-19 pandemic accelerated the adoption of cloud-based technology. It also saw a 630% increase in cloud-based cyberattacks between January and April 2020.
“Earning a certification from the Cloud Security Alliance (CSA) Security, Trust & Assurance Registry Program is an effective way for cloud service providers to reduce the security risks that cloud computing often introduces because few organizations offer more relevant or powerful controls than the CSA,” he opined.
Most cloud service providers seek a CSA STAR certification because it assures their customers that they are using industry-leading best practices to secure data in cloud applications.
Saxo Bank says it is the first licensed bank and financial institution in the world to receive the CSA STAR Level 2 Attestation and Trusted Cloud Provider accreditation.
The certification means Saxo complies with key principles of transparency, rigorous auditing, and harmonization of standards as outlined in the Cloud Controls Matrix (CCM) and CAIQ.
In a press statement, SAXO Bank says in receiving a STAR LEVEL 2 certification, it adheres the set of principles in terms of transparency, privacy, security and harmonisation of standards across its IT systems, services and infrastructure that supports the business and different client segments from back-office systems to open APIs. The CSA STAR Level 2 attestation is verified and validated by a third-party auditor.
According to Patrick Chung, chief information officer & chief operating officer, Greater China Saxo Markets, this accreditation enhances transparency and trust, as well as further reducing the complexity for Saxo’s new and existing partners.
“We are well into an ambitious journey to deliver all our digital services from the cloud, based on a microservices infrastructure providing us with the ability to launch new features much faster and more securely. The benefit is a shorter time to market, more robust infrastructure and a much more agile, scalable and flexible platform,” he continued.
