Know your provider—
The financial industry has long exercised due diligence
in the form of “know your client” (KYC)
to avoid accepting new business from
terrorist organizations
or clients recognized as money launderers for the illegal
drug trade or engaged in other criminal activities.
Similarly, prospective cloud
clients need to be assured that their candidate CSP is a legitimate provider and not
a front company for an organization that may use the client’s data for illegal or
cyberterrorism purposes