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Compliance

 

Webinar: FFIEC Guidance on Cloud Computing: Considerations for Credit Unions

 

Tuesday, May 21, 2013

 

Speaker:  Jeramie Stoner, Advanced Network Solutions

 

About the Program

From a technology and cost standpoint, cloud computing can be a very attractive option for credit unions. Unfortunately, assessing the risks and security of a cloud-based solution can be difficult and time consuming. However, this should not deter exploring these options, because the cloud-provider systems could be preferable to an in-house solution. This session will explore the security concerns credit unions need to consider when evaluating cloud solutions and how to assess them.

 

HIGHLIGHTS

  • Due diligence: ensuring providers meet cost, quality, compliance, and regulatory requirements
  • Vendor management: creating controls to mitigate risks
  • Audit: assessing whether a third-party servicer’s internal controls are sufficient
  • Information security: updating policies to fit the cloud- computing model
  • Legal, regulatory, and reputational considerations: identifying and mitigating risks
  • Business-continuity planning: determining whether a third-party servicer has resources to ensure continuity of operations


Related Files
Printable Brochure (Adobe PDF File)

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