The past few years have been marked by numerous significant events, including a severe global pandemic, war in Europe, and disruptions to production and logistics chains that have led to inflation. Amidst all of these events, there have also been numerous new regulations, including EU directives with demanding requirements for change to ensure regulatory compliance.
As a result of these events, many people have begun to examine their reliance on external entities, particularly in the financial sector. This has often involved more thorough examination of the location and potential implications of data storage. It is clear that anything can happen in these uncertain times, and it is important to be prepared for the unexpected.
In light of these circumstances, numerous banks and financial institutions are now opting to move their cloud operations to Sweden. While the global presence and assurances of the major cloud providers may have initially been appealing, the risks have ultimately proved to be too great. What would happen to your business if the connection to your data, stored outside of Sweden, were to be disrupted? Or if a foreign intelligence agency requested data about your customers from a global cloud provider?
While it may seem like a scenario from a science fiction novel, this type of incident occurs regularly around the world. Not only is it inappropriate and unfortunate for customer data to be accessed by unauthorized parties, it is also illegal. There are now strict regulations governing the storage and access of data to protect the privacy and security of individuals.
There are compelling reasons to choose a Swedish cloud platform. We keep your data safe within Sweden's borders.
Tell me more!It makes sense to choose a Swedish provider for your cloud operations. By doing so, you can keep your data safely within the country's borders, governed by its laws, and handled in a responsible manner.