....While appreciating the benefits of cloud computing, the RBI Deputy Governor, Mr Anand Sinha, recently pointed out that it being a new technology, data integrity and confidentiality seem to be a major concern at this stage. “Further, if too many participants rely on a single service provider, it may lead to a risk of overconcentration inasmuch as the failure of the service provider will be catastrophic,” he said at Hyderabad.........
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