What should be considered when selecting an AWS data storage option for sensitive financial data?

When selecting an AWS data storage option for sensitive financial data, compliance with security standards is paramount. Financial data is highly regulated, and organizations must adhere to various legal and industry-specific compliance requirements such as PCI DSS for payment data, GDPR for personal data protection, and HIPAA if dealing with healthcare-related financial information.

Scalability is also important, as the volume of sensitive financial data can grow rapidly. An appropriate storage solution should accommodate changing data storage needs without compromising security or performance. Therefore, choosing a storage option that supports high scalability while also providing robust security features ensures that sensitive data remains protected as the organization's requirements evolve.

Cost and speed are important considerations, but they should not overshadow the critical need for compliance and security when handling sensitive data. Similarly, global accessibility might be beneficial for user interaction, but it could present security risks if not managed properly. User-friendliness can influence how efficiently a team can operate but does not directly impact the security and compliance aspects essential for financial data management.