Regulators and industry associations are publishing guidance to better prepare financial institutions for cyber resilience, such as the Hong Kong Association of Bank (HKAB)’s Secure Tertiary Data Backup (STDB) Guideline. The Hong Kong Monetary Authority (HKMA) stated that STDB is an effective measure for enhancing cyber resilience and data security of Authorised Institutions (AIs) in Hong Kong. Amazon Web Services (AWS) is already used by AIs to secure sensitive and critical banking data with independently-audited, identity and access management controls. Hosting a STDB solution on AWS can result in significant cost savings compared to on-premise storage options due to AWS’ on-demand, pay-as-you-go, economies-of-scale model.
To help AIs with their assessment of a STDB solution on AWS, PwC and AWS have collaboratively developed this whitepaper to help AIs accelerate their journey and demonstrate the feasibility of implementing an STDB solution on AWS that satisfies all nine characteristics and applicable principles of HKAB’s STDB Guideline. Download the whitepaper to learn more.