European Data Protection Digest

HFSA Offers Cloud Guidance

FINANCIAL PRIVACY—HUNGARY

August 9, 2012

The Hungarian Financial Supervisory Authority has issued a circular on the use of cloud computing technologies for Hungarian financial institutions. In this exclusive for The Privacy Advisor, Márton Domokos notes this marks the first time a Hungarian regulatory authority has issued such an opinion. This feature details the document’s recommendations for financial institutions to address data classification, pre-contracting tasks and the contents of the service agreement with the cloud provider.
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