eSignatures 2012 – ESRA Annual Conference starting Today, November 14 Reply

The Electronic Signature and Records Association Annual Conference, eSignatures 2012, is taking place today and tomorrow at the Embassy Row Hotel in Washington DC.  This year’s conference will be completely electronic, supporting the environment and the spirit of our Association; name tags will be the exception.

Access the full electronic Agenda on the website: http://esraconference.com/agenda

Access Speaker Bios on the website: http://esraconference.com/speakers/

Follow updates via Twitterhttps://twitter.com/esignrecords

eSignatures 2012 brings together thought leaders from major industries to share their knowledge and best practices:

  • Financial Services
  • Health Care
  • mCommerce
  • Technology
  • Legal

Some topics to be covered include eSign and Financial Services/Insurance, eSign and Health and Government Trends.

Hear from speakers such as:

  • Honorable John M. Facciola, United States Magistrate Judge, U.S. District Court, District of Columbia
  • Honorable Paul M. Grimm, Chief U.S. Magistrate Judge, U.S. District Court for the District of Maryland
  • Marcia Berner, ACORD
  • Bob Catlin, Signature Mortgage
  • James Sheire, U.S. Department of Commerce, NIST
  • Laura Hajducek, New York Life Insurance Company
  • David Whitaker, BuckleySandler LLP
  • …and more!

We are grateful for the support of our Sponsors!

Cloud Computing Risks

FFIEC Issues Statement on Cloud Computing Vendors Reply

E-Commerce News provided by BuckleySandler LLP for informational purposes only, and should not be construed as legal advice on any subject matter.

July 15, 2012

On July 10, the federal banking regulators, through the Federal Financial Institutions Examination Council (FFIEC) published a statement on outsourcing of cloud computing services by financial institutions. The statement explains that the regulators consider cloud computing to be another form of outsourcing with the same basic risk characteristics and risk management requirements as traditional forms of outsourcing. The statement goes on to outline the key risks of outsourced cloud computing, focusing on due diligence, vendor management, information security, audits, legal and regulatory compliance, and business continuity planning. The statement concludes that “[c]loud computing may require more robust controls due to the nature of the service. When evaluating the feasibility of outsourcing to a cloud-computing service provider, it is important to look beyond potential benefits and to perform a thorough due diligence and risk assessment of elements specific to that service.”