Category: Financial Services

The Australian financial services regulator, the Australian Prudential Regulation Authority (APRA), has provided its most substantial guidance on generative AI to date in Member Therese McCarthy Hockey’s remarks to the AFIA Risk Summit 2024. The guidance gives a green light for banks, insurance companies, and superannuation funds to accelerate their adoption of this transformative technology, […]

The Australian Prudential Regulation Authority (APRA) has established the CPS 230 Operational Risk Management standard to verify that regulated entities are resilient to operational risks and disruptions. CPS 230 requires regulated financial entities to effectively manage their operational risks, maintain critical operations during disruptions, and manage the risks associated with service providers. Amazon Web Services […]

In this blog post, I dive into a cross-Region replication (CRR) solution for card payment keys, with a specific focus on the powerful capabilities of AWS Payment Cryptography, showing how your card payment keys can be securely transported and stored. In today’s digital landscape, where online transactions have become an integral part of our daily […]

On November 1, 2023, the New York State Department of Financial Services (NYDFS) issued its Second Amendment (the Amendment) to its Cybersecurity Requirements for Financial Services Companies adopted in 2017, published within Section 500 of 23 NYCRR 500 (the Cybersecurity Requirements; the Cybersecurity Requirements as amended by the Amendment, the Amended Cybersecurity Requirements). In the introduction […]

AWS is pleased to announce the publication of the AWS User Guide to Financial Services Regulations and Guidelines in Switzerland whitepaper and workbooks. This guide refers to certain rules applicable to financial institutions in Switzerland, including banks, insurance companies, stock exchanges, securities dealers, portfolio managers, trustees and other financial entities which are overseen (directly or […]

We are pleased to announce a new Amazon Web Services (AWS) workbook designed to help India Primary (UCBs) customers align with the Reserve Bank of India (RBI) guidance in Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach. In addition to RBI’s basic cyber security framework for Primary (Urban) Cooperative […]

AWS is pleased to announce the issuance of a second Swiss Financial Market Supervisory Authority (FINMA) ISAE 3000 Type 2 attestation report. The latest report covers the period from October 1, 2020 to September 30, 2021, with a total of 141 AWS services and 23 global AWS Regions included in the scope. A full list of certified services […]

May 4, 2021: We’ve added links to download this post translated into French or German. March 23, 2021: We’ve updated this post to note that the report covers 22 global AWS Regions. Gaining and maintaining customer trust is an ongoing commitment at Amazon Web Services (AWS). Our customers’ industry security requirements drive the scope and […]

November 19, 2021: We made minor updates to this post, such as updating the number of services in scope for SOC compliance from 124 to 141. January 18, 2021: We made minor updates to this post, such as updating the number of services in scope for SOC compliance from 122 to 124. July 21, 2020: […]

My team helps financial services customers understand how AWS services operate so that you can incorporate AWS into your existing processes and security operations centers (SOCs). As soon as you create your first AWS account for your organization, you’re live in the cloud. So, from day one, you should be equipped with certain information: you […]