Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Outsourced Cloud Computing for Financial Institutions and Practical Applications of the FFIEC's Standards

Learn key considerations and practical applications of the FFIEC standard on outsourced cloud computing. Regulators, businesses, and consumers expect financial institutions to have robust information controls and to require the same of their vendors. As cloud computing continues to dominate the outsourcing landscape, financial institutions must understand contracting best practices and guidance from the Federal Financial Institutions Examination Council (FFIEC) when engaging outsourced cloud computing providers. While financial institutions should apply the same risk management considerations to outsourced cloud computing activities as are required of traditional forms of outsourcing, cloud computing requires special attention to information controls than other forms of outsourcing, due to the nature of the service. This topic will provide an overview of the key risk considerations for engaging in outsourced cloud computing, including those highlighted by the FFIEC, and will provide guidance for managing and mitigating those risks in practice.


Runtime: 90 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

The FFIEC Outsourced Cloud Computing Standards in a Nutshell

  • Traditional Outsourcing Risk Management Considerations Apply
  • More Robust Controls Required Than With Traditional Forms of Outsourcing

Six Key Outsourced Cloud Computing Considerations

  • Due Diligence
  • Vendor Management
  • Audit
  • Information Security
  • Legal and Regulatory Compliance
  • Business Continuity Planning

Important Guidance From the FFIEC

  • Your Data, Your Responsibility
  • Increased Information Security Likely Necessary With Outsourced Cloud Computing
  • Items to Specifically Address in Outsourced Cloud Computing Service Agreements

Practical Considerations When Issuing RFPs and Negotiating Cloud Computing Agreements

  • Vendor Selection
  • Contracting
  • Vendor Management
  • Renewals, Expiration and Termination
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Matthew A. Karlyn

Matthew A. Karlyn

Foley & Lardner LLP

  • Partner in Foley & Lardner LLP’s Boston office
  • Practice focuses on transactions relating to outsourcing and information technology, including IT outsourcing, business process outsourcing, facilities management outsourcing, print services, application development, data center leasing, development and managed services, technology licensing, all aspects of cloud computing transactions, systems integration, privacy, security and information management issues, co-location and software development
  • Licensing attorney with 20 years of technology, patent, and life science licensing experience
  • Co-chair of Foley’s Technology Industry Team focusing on all types of technology transactions
  • Co-author of A Guide to IT Contracting: Checklists, Tools and Techniques
  • Served as a CIO-100 Judge, as a member of the Corporate Law Advisory Board, Strafford Publications and Seminars, as chair of the New England Chapter of the International Association of Outsourcing Professionals (IAOP), as a co-chair of the Legal Process Outsourcing Chapter of the International Association of Outsourcing Professionals (IAOP) and as a co-chair of the Boston Bar Association's Intellectual Property Section's Computer & Internet Law Committee
  • Has served as a member of the board of directors of the Information Technology Law Association, the ITECH Law Annual Meeting & World Conference Planning Committee, and is a member of the International Association of Privacy Professional
  • M.B.A. degree in economics and strategic management, The University of Chicago Graduate School of Business; J.D. degree, Temple University; B.A. degree in political science and East Asian studies, cum laude, Union College
  • Can be contacted at 617-502-3239 or [email protected]
Elizabeth A. Mitro

Elizabeth A. Mitro

Foley & Lardner LLP

  • Associate in Foley & Lardner LLP’s Boston office
  • Practice includes advising companies of all sizes on development and commercialization of intellectual property assets and negotiating software license, professional and consulting services, nondisclosure, data security, service level, marketing, and cloud computing agreements
  • Worked as in-house corporate counsel and served as a strategic adviser to senior management providing legal guidance on data security, privacy, marketing, intellectual property, product development and manufacturing
  • Admitted to practice in Massachusetts and New Hampshire
  • J.D. degree, Northeastern University School of Law; B.S. degree, magna cum laude, Boston University
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 400712
Published 2017
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!