The National Australia Bank (NAB), a member of the Open Data Centre Alliance (ODCA), has announced plans for an evaluation of the ODCA’s security provider assurance usage model. The usage model audits and ranks external security providers as either platinum (military grade), gold (financial services grade), silver (enterprise grade) or bronze (standard grade). Cloud providers are audited on how they handle vulnerability management, network and firewall isolation, identity management, security incident monitoring, data retention and deletion. In-depth:Legal issues in the Cloud. “The financial services industry is focused on ensuring secure control of data and related infrastructure at all times,” NAB chief information officer, Adam Bennett, said in a statement. “To fully take advantage of Cloud solutions, our security service level agreements [SLAs] must extend across all computing environments regardless of whether we are using a dedicated Cloud service via a private Cloud or a service shared with other subscribers via a public Cloud,” he said. Bennett added that the security provider requirements specified by ODCA provide a great step forward towards NAB’s secure delivery of Cloud offerings. Read more about NAB’s private Cloud journey at www.cio.com.au In addition to the security provider assurance usage model, the ODCA has launched a request for proposal (RFP) online tool to help make Cloud and IT purchasing decisions easier for end users. The tool will allow companies access to RFP language based on product categories and Cloud usage model requirements. According to the ODCA, the public release of the tool will help companies deploy open Cloud offerings in preparation for a forecast $50 billion investment in Cloud computing over the next two years. Follow Hamish Barwick on Twitter: @HamishBarwick Follow CIO Australia on Twitter: @CIO_Australia Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe