Achieving Cloud Compliance: What’s Changed for Credit Union’s Compliance Programs?
| While IT professionals at credit unions generally have physical control over staying compliant – from guaranteeing the server is locked to having access to the cameras in the room – when members’ data is in the cloud, financial institutions may not even know where that data actually is. Although cloud compliance is newer to the industry and many credit unions are focused on the cost of the move, ensuring the institution’s IT department is compliance-focused can make all the difference when the data is not physically in their hands. Credit unions must adhere to so many rules and regulations – whether it is the Federal Financial Institutions Examination Council’s (FFIEC) guidelines or meeting security compliance fro... |