An organization has outsourced its financial transaction processing to a Cloud Service Provider (CSP) who will provide them with Software as a Service (SaaS). If there was a data breach who is responsible for monetary losses?

Question

Quizplus · Accepted Answer

The data owner is typically responsible for monetary losses in the event of a data breach, as they are the ones who own the data and have the ultimate responsibility for its protection, even when using a CSP.

An Organization Has Outsourced Its Financial Transaction Processing to a Cloud