FIPS 140-2 is a standard which handles cryptographic modules and the ones that organizations use to encrypt data-at-rest and data-in-motion. FIPS 140-2 has 4 levels of security, with level 1 being the least secure, and level 4 being the most secure.
Google Cloud has a lower level (level 3) compared to IBM Cloud (level 4). I wonder why Google choose to accept this lower level? I am assuming that Google made this decision consciously, and that the difference should not pose too much risk, as Google makes well informed decisions. But if that is so, what could have been the reasoning?
More importantly, if you were running a SaaS business in Finance that stores sensitive data, is this difference something you should consider whether to choose to move to IBM Cloud or Google Cloud?