Needham Bank chose to host its mobile file sharing application internally rather than outsourcing it to a cloud provider to improve security. The bank needed software that could allow it to integrate its iOS mobile devices with legacy file-sharing systems. 2014 will see an explosion of content collaboration activity over mobile devices, which requires specialized security measures, James Gordon says. “We learned it’s more about managing content than managing the device,” he says of mobile device security. “There is no risk inherently in the device, but depending on the data that is on the device that introduces risk””]
Source: https://www.bankinfosecurity.com/bank-explains-reluctance-to-use-cloud-a-6446