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Mideast Drone Strikes Expose Europe's Cloud Dependence Risk
20 Apr
Summary
- Drone attacks on AWS data centers in the UAE and Bahrain caused significant banking disruptions.
- European banks are increasingly uneasy about reliance on US cloud providers due to geopolitical risks.
- Banks are accelerating plans to find non-US cloud providers amid growing concerns about control and jurisdiction.
Recent drone attacks on Amazon Web Services (AWS) facilities in the United Arab Emirates and Bahrain have brought the issue of European banks' dependence on US cloud providers into sharp focus. The strikes, which caused structural damage and power outages, led to significant disruptions for local banking and e-commerce services. Experts note that these events validate long-held concerns about the heightened risks associated with concentrating critical banking services on a few major 'hyperscale' providers.
