IBM Cloud accomplished its 2023 unbiased evaluate of IBM Cloud companies and processes. The evaluate report demonstrates to its shoppers, companions and different events that IBM Cloud companies have applied and cling to the technical, administrative and bodily management necessities of IBM Cloud Framework for Monetary Companies.
What’s the IBM Cloud Framework for Monetary Companies?
IBM Cloud for Financial Services® is designed to construct belief and allow a clear public cloud ecosystem with options for safety, compliance and resiliency which might be required by monetary establishments. Monetary establishments can confidently host their mission-critical functions on our cloud, enabling quicker and safer transactions.
On the core of our cloud is the IBM Cloud Framework for Financial Services™, 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 companies are onboarded to IBM Cloud for Financial Services®, IBM conducts a rigorous validation assuring that companies meet IBM Cloud Framework for Monetary Companies technical, administrative and bodily controls necessities.
IBM engages a third-party skilled companies agency to finish an unbiased evaluate of IBM Cloud companies and processes in opposition to the Agreed-Upon Procedures (AUP). The IBM Cloud for Monetary Companies 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 Companies, together with the next:
- Lively Monitoring & Response
- Superior Knowledge Safety
- Automated Utility & Workload Safety
- Enhanced Authentication & Entry Administration
- Centered Danger Administration & Compliance
- Operational Excellence
- Unified Infrastructure Safety & Resilience
Inside every focus space, there are a number of management households and controls, and the report gives particulars on management descriptions, procedures carried out and outcomes.
The report demonstrates to IBM Cloud for Monetary Companies shoppers that IBM Cloud companies have been applied in opposition to, and cling to, the IBM Cloud Framework for Monetary Companies technical, administrative and bodily management necessities.
In 2023, IBM Cloud expanded the AUP to incorporate further areas and companies that articulate our dedication to develop our portfolio of compliance throughout IBM Cloud. The AUP report is out there 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 workforce to acquire a duplicate of the AUP report.
Along with this report, IBM Cloud compliance and belief certifications additional affirm IBM’s dedication to the safety of buyer knowledge and functions.