FFIEC’s recognition of cloud security advantages is good for modest financial orgs

How credit unions, smaller banks can now use outsourcing for compliance using security-as-a-service. Last month the Federal Financial Institutions Examination Council (FFIEC) shared an opinion on the viability and security of cloud computing. In the four-page statement, the interagency body empowered to prescribe uniform principles, standards, stated that cloud computing is “another form of outsourcing with the same basic risk characteristics and risk management requirements as traditional forms of outsourcing.”

READ THE ENTIRE ARTICLE AT THE NEW CLOUD ACCESS BLOG SITE: HERE

 

 

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