Fed Examined Amazon’s Cloud in New Scrutiny for Tech

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Fed Examined Amazon’s Cloud in New Scrutiny for Tech
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The Fed examined Amazon Web Services around the time of the Capital One hack as it ramps up oversight of banks' use of the cloud, people familiar with the matter say

In April of this year, prosecutors allege, a 33-year-old woman in Seattle was cracking into a database of credit-card issuer Capital One Financial that was stored on Amazon.com Inc.’s cloud server.

Around the same time at an Amazon facility in Virginia, federal banking regulators were doing something they had never done before: Inspecting a giant cloud company, according to people familiar with the matter.

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