Date: May 21, 2013
Time: 3:00pm - 4:30pm
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
- 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.
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