May 28, 2020 9:37:36 AM

Cloud Computing & Risk Management: A Review of the FFIEC's Recent Statement

Out of sight out of mind feels pretty good, doesn’t it? Especially with not only is it out of sight, it is off the ground. Your organization’s data is so far out of reach not only does it feel like you can’t get to it, but there’s an illusion that no one else can either. But it is just that, an illusion. Even if you are partnering with a reputable vendor with large market share, there is still risk that needs to be considered and mitigated. Recently, the Federal Financial Institutions Examination Council (FFIEC) published a press release discussing security recommendations for how to mitigate this risk. Let’s take a few minutes to walk through it.

Topics: risk management, the cloud