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IBM Cloud accomplished its 2023 unbiased overview of IBM Cloud providers and processes. The overview report demonstrates to its shoppers, companions and different events that IBM Cloud providers have applied and cling to the technical, administrative and bodily management necessities of IBM Cloud Framework for Monetary Providers.
What’s the IBM Cloud Framework for Monetary Providers?
IBM Cloud for Monetary Providers® is designed to construct belief and allow a clear public cloud ecosystem with options for safety, compliance and resiliency which can be required by monetary establishments. Monetary establishments can confidently host their mission-critical functions on our cloud, enabling sooner and safer transactions.
On the core of our cloud is the IBM Cloud Framework for Monetary Providers™, a complete set of management necessities spanning 7 Focus Areas and 21 Management Households, designed by the trade to assist handle safety necessities and regulatory compliance obligations of monetary establishments.
What’s the Agreed-Upon Procedures report?
As IBM Cloud providers are onboarded to IBM Cloud for Monetary Providers®, IBM conducts a rigorous validation assuring that providers meet IBM Cloud Framework for Monetary Providers technical, administrative and bodily controls necessities.
IBM engages a third-party skilled providers agency to finish an unbiased overview of IBM Cloud providers and processes towards the Agreed-Upon Procedures (AUP). The IBM Cloud for Monetary Providers AUP Report is issued by a giant 4 public accounting agency in accordance with the American Institute of Licensed Public Accountants (AICPA).
The report addresses controls for all Focus Areas of the IBM Cloud Framework for Monetary Providers, together with the next:
Lively Monitoring & Response
Superior Knowledge Safety
Automated Utility & Workload Safety
Enhanced Authentication & Entry Administration
Targeted Threat Administration & Compliance
Operational Excellence
Unified Infrastructure Safety & Resilience
Inside every focus space, there are a number of management households and controls, and the report supplies particulars on management descriptions, procedures carried out and outcomes.
The report demonstrates to IBM Cloud for Monetary Providers shoppers that IBM Cloud providers have been applied towards, and cling to, the IBM Cloud Framework for Monetary Providers technical, administrative and bodily management necessities.
In 2023, IBM Cloud expanded the AUP to incorporate further areas and providers that articulate our dedication to develop our portfolio of compliance throughout IBM Cloud. The AUP report is accessible to shoppers for his or her inner danger administration practices and for demonstrating due diligence and oversight of their cloud service suppliers to their regulators.
Contact your IBM account group to acquire a replica of the AUP report.
Along with this report, IBM Cloud compliance and belief certifications additional affirm IBM’s dedication to the safety of buyer information and functions.
Study extra
Study extra about IBM Cloud® compliance applications
Study extra about IBM Cloud for Monetary Providers®
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