Login to View Full Member Content:

FFIEC Guidance on Cloud Computing: Considerations for Credit Unions

Date: May 21, 2013

Time: 3:00pm - 4:30pm

Location: Webinar

[LEARN MORE]

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.

Continuing Education: Attendance verification for CE credits upon request

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

WHO SHOULD ATTEND?

This session is designed for credit union decision makers who are using or contemplate using a cloud-computing model in which all or part of the service is outsourced.

PLEASE NOTE
Webinar content is subject to copyright and intended for your individual credit union’s use only.