{"id":351305,"date":"2020-05-07T22:43:43","date_gmt":"2020-05-08T02:43:43","guid":{"rendered":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/hey-you-get-off-the-cloud-dont-hang-around-unless-you-do-as-allowed-lexology.php"},"modified":"2020-05-07T22:43:43","modified_gmt":"2020-05-08T02:43:43","slug":"hey-you-get-off-the-cloud-dont-hang-around-unless-you-do-as-allowed-lexology","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/cloud-computing\/hey-you-get-off-the-cloud-dont-hang-around-unless-you-do-as-allowed-lexology.php","title":{"rendered":"Hey, you, get off The Cloud! Don&#8217;t hang around unless you Do As Allowed! &#8211; Lexology"},"content":{"rendered":"<p><p>While not breaking new ground, the recent joint statement from the regulators comprising the Federal Financial Institutions Examination Council (FFIEC) provides a nice compilation of useful signposts for financial institutions assessing the risks and rewards associated with cloud computing services. If you don't know your SaaS, PaaS, or IaaS from a hole in the ground, this statement includes a nice overview of key terms and links to helpful resources for further reading on the subject. In sum, this is a worthwhile read for financial institutions subject to oversight by the FFIEC regulators and probably worth a skim for other US-regulated financial service providers.<\/p>\n<p>With many banks moving some or all employees to remote work arrangements and accessing more cloud-based technologies, the Federal Financial Institutions Examination Council released a statement on risk management principles for cloud computing security. FFIEC noted that the statement does not contain new regulatory expectations but rather highlights examples of risk management practices.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"2lJjcxRjC0\"><p><a href=\"https:\/\/bankingjournal.aba.com\/2020\/04\/agencies-issue-statement-on-cloud-computing-security\/\">Agencies Issue Statement on Cloud Computing Security<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Agencies Issue Statement on Cloud Computing Security&#8221; &#8212; ABA Banking Journal\" src=\"https:\/\/bankingjournal.aba.com\/2020\/04\/agencies-issue-statement-on-cloud-computing-security\/embed\/#?secret=d76ViafBE3#?secret=2lJjcxRjC0\" data-secret=\"2lJjcxRjC0\" width=\"584\" height=\"329\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Continue reading here: <\/p>\n<p><a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.lexology.com\/library\/detail.aspx?g=849adc22-9a8a-4f3c-bf44-42ff17c8c700\" title=\"Hey, you, get off The Cloud! Don't hang around unless you Do As Allowed! - Lexology\">Hey, you, get off The Cloud! Don't hang around unless you Do As Allowed! - Lexology<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> While not breaking new ground, the recent joint statement from the regulators comprising the Federal Financial Institutions Examination Council (FFIEC) provides a nice compilation of useful signposts for financial institutions assessing the risks and rewards associated with cloud computing services. If you don't know your SaaS, PaaS, or IaaS from a hole in the ground, this statement includes a nice overview of key terms and links to helpful resources for further reading on the subject <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/cloud-computing\/hey-you-get-off-the-cloud-dont-hang-around-unless-you-do-as-allowed-lexology.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[494695],"tags":[],"class_list":["post-351305","post","type-post","status-publish","format-standard","hentry","category-cloud-computing"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/351305"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=351305"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/351305\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=351305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=351305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=351305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}