Yes, surprised this hasn't hit the top of Hacker News and instead gone un-noticed. If Google did delete the account, this is massive.
Large financial pension fund with advertised $124 billion in funds under management so not some toy cat gif startup has account deleted accidentally by Google. That can very easily wipe out a company using cloud as cloud vendors advertise you to. From the article it sounds like they are lucky they had offsite backups but still potential for data loss and restoring offsite backups likely a task in itself.
It's a major incident, I feel for the ops team who'll be working under massive pressure trying to get everything back up.
Indeed. My gut feeling is that most companies using AWS, Azure or Google Cloud are not going to be making backups elsewhere. I wonder how much data would've been lost if they didn't have backups elsewhere?
Interestingly the Australian financial services regulator (APRA) has a requirement that companies have a multi-cloud plan for each of their applications. For example, a 'company critical' application needs to be capable of migrating to a secondary cloud service within 4 weeks.
I'm not sure how common this regulation would be across industries in Australia or whether it's something that is common in other countries as well.
US federal financial regulators and NYDFS have similar concerns and strong opinions, but nothing in statute or regulatory rule making yet (to my knowledge; I haven’t had to sit in those meetings for about 2 years).
Large financial pension fund with advertised $124 billion in funds under management so not some toy cat gif startup has account deleted accidentally by Google. That can very easily wipe out a company using cloud as cloud vendors advertise you to. From the article it sounds like they are lucky they had offsite backups but still potential for data loss and restoring offsite backups likely a task in itself.
It's a major incident, I feel for the ops team who'll be working under massive pressure trying to get everything back up.