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Compliance held responsible for due diligence with cloud computing

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As information technology and data storage continues to move further toward cloud computing, the responsibility for compliance and due diligence remains with firm’s chief compliance officers, according to Vice President of Solutions and Security at External IT, Justin Kapahi.

“The responsibilities don’t really change. There was a lot of confusion around this thinking that if you outsource you remove those responsibilities, but the truth is these vendors are still just a partner of the firm,” Kapahi told Compliance Reporter. “It is still their responsibility to make sure they have the right policies, software and that they were working together.”

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