U.S. Treasury urges financial firms to examine cloud services

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) - U.S. Treasury Department officials are urging the financial sector to address potential challenges in using cloud computing services, warning in a report on Wednesday that failure to do so could leave them and their customers vulnerable.

The risk was particularly acute for small and medium-sized financial institutions, the department said.