Matt Gerber said he's gotten a lot of calls lately from credit unions with an immediate need they haven't had before. The examiners are coming and his clients need to prove they have their heads in the clouds.
Gerber is CEO of IT-Lifeline in Spokane, Wash., a cloud-based disaster recovery and business continuity planning provider to about 110 customers, including nearly 40 credit unions.
He said his company is suddenly doing an unusually brisk business in DR and BCP testing for credit unions, and the NCUA confirmed it is now looking specifically at cloud computing, following up on guidance issued by the FFIEC this summer.
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