Only 26% of the EU enterprises use cloud computing, mostly for hosting their email systems and storing files. More than half of them use advanced cloud services relating to financial and accounting software applications, customer relationship management or computing power to run business applications. Data protection in the EU is no longer just an issue for data protection authorities, but also for other regulators, such as those working in consumer protection or competition law. European banks have been slower in their uptake of cloud services compared to other industries due to strict regulatory environment where banks operate in.”]