Google Cloud Designated as Critical Third Party by U.K. Regulators
On July 13, Google Cloud was designated a 'Critical Third Party' by the U.K. government due to its essential role in supporting financial institutions. This regulatory move also applies to Microsoft Azure, Amazon Web Services, and Oracle Cloud, reflecting growing concerns over systemic risks from cloud outages or cyberattacks.
Tickers: $AMZN $GOOG $GOOGL $MSFT $ORCL