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ACCA Applied Knowledge · Business and Technology · Technological factors

A bank stores customer details on cloud servers run by a third-party provider. Which risk is specifically increased by this reliance on an external provider?

Reliance on a third-party cloud provider makes the bank dependent on that provider's security and availability, which it does not directly control. The bank still keeps legal responsibility for customer data and remains exposed to cyber-attack.

  1. AThe bank loses its legal responsibility for protecting customer data
  2. BThe bank can no longer be the target of cyber-attacks
  3. CThe bank becomes dependent on the provider's security and availability, which it does not directly controlCorrect
  4. DThe bank's data becomes impossible to back up

Explanation

Using a cloud provider creates dependency on its security standards and uptime, which are outside the bank's direct control. The bank still remains responsible for customer data, can still be attacked through the provider, and backups remain possible.

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