X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STAMFORD, Conn. – As credit unions continue outsourcing various parts of their technology and business process infrastructures, they need to make sure their new partners are keeping things secure. Before they sign. “The key to successful and secure outsourcing agreements is understanding the security and privacy risks for a business process, application or technology function early in the outsourcing decision process,” says Kelly Kavanagh, a senior analyst at Gartner Inc. Kavanagh recommends that enterprises audit prospective enterprise service providers (ESPs) to make sure that their policies and controls meet the clients’ security standards. Included would be regulatory compliance requirements and other industry-specific concerns, such as privacy laws. And, Kavanagh says, organizations that can’t do such a security audit themselves should requires ESPs to prove themselves that they’ve had one done by an independent third party. If audits aren’t available, organizations should use scanning services to ensure against vulnerabilities in the outsourcer’s applications and gateways, and should continue to do so periodically even when audits are available. The think firm analyst adds: “An enterprise’s security staff should be at the table from the start of the process and throughout the life cycle of the outsourcing deal. “The security staff should be included in the operations management functions, working with the vendor’s delivery management staff as well as the strategic planning function where standards, architecture and integration decisions are made.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.