As per the Statutory requirement published under Sec 4(2) and (3) of Executive Order No. 205 under Danish Bookkeeping Act, the backup copy (of application) must be stored on a server in an EU or EEA country(Norway, Iceland & Liechtenstein) that is hosted by a party which is not a related party and which is deemed to comply with generally acceptable cybersecurity standard.
In my case, the Fusion cloud application server is located in US. Being a multinational organization, it has its operation in various EU countries where we have this statutory requirement.
Does Oracle maintain the backup of fusion applications stored on a server in an EU or EEA country complying with recognized IT security standard?
If yes how customer can access that or what facility oracle provides to meet this statutory compliance?
If No then please suggest what are the alternatives available to store application data physically in EU/ EEA locations.
Also let us know what are the alternative approach available/followed by other organizations to comply with these legal requirements.
