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Relevant Information—For You, By You
Clarissa Martin, Research and Information Consultant for the California and Nevada Credit Union Leagues

CLOUD COMPUTING: RISKS TO CONSIDER
updated 10/22/13 07:09 AM
Complete Your Due Diligence
What is "cloud computing," and what are the potential risks for your credit union?

Cloud computing is defined as hardware, networks, storage, services, and interfaces that are combined to deliver requested computer services. It is a migration from owned resources to shared resources in which client-users receive information technology services on demand from third-party service providers via the Internet "cloud."

It's important for credit unions to complete their due diligence, look at the several models offered, and consider the potential risks. Credit unions should continually assess the following:

  • Data classification
  • Data segregation
  • Recoverability
  • Vendor management
  • Audits
  • Information security
  • Legal, regulatory, and reputational considerations
  • business continuity planning

Click here to continue reading the latest Asked and Answered column on Page 18 within the October/November edition of Credit Union Digest!

 
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'BIG DATA' SPOTLIGHT: RISK OR REWARD updated 10/22/14 12:06 PM
Three Panelists Share Opinions
With Alessandro Acquisti as moderator, Wednesday’s audience was treated to a lively discussion—and a bit of back-and-forth debate—on the use of “big data” at credit unions and its ramifications.

SPEAKER DELVES INTO DATA PRIVACY updated 10/22/14 11:57 AM
The Credit Union Connection
As the Big Data Panel during REACH 2014 kicked off on Wednesday, it was apparent “big data” is everywhere and infiltrates all facets of our lives. But how much do consumers value their privacy, and what does it mean for credit unions?

SOCIAL CHARM: INGREDIENT FOR SUCCESS updated 10/22/14 07:59 AM
Chen Lizra at REACH
“Engagement” is one of the top buzz words circulating around REACH 2014—and TED speaker, business consultant, and author Chen Lizra shared some unique insights during the general session on Tuesday. Her buzz word: “social charm.”

INNOVATION PANEL SPURS TAKE-AWAYS updated 10/22/14 05:21 PM
Three CU Industry Perspectives
Attendees at REACH 2014 received a plethora of ideas from Tuesday’s innovation panel to take back to their credit unions—not the least of which included more interaction between employees and leaders, and free-flow of ideas from the bottom up.