Need for security drives cloud adoption, says survey

The share of cloud spend in financial firms’ IT budgets is set to rise to 47% by next year – up from 30% now

Security fears: data privacy, residency and control are top concerns for financial firms when using public clouds

Ownership and control over data are two of the top-three concerns for financial firms when using public cloud infrastructures, in a marked turnaround from previous years when questions about security outstripped other considerations, according to a survey of senior technologists and data managers.

The global poll, conducted by the Financial & Risk business of Thomson Reuters, shows that as financial firms are increasing their investment in the cloud to manage data, 82% of those surveyed believe

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: