Tag Archives: Outsourcing

Monetary Authority of Singapore panel urges financial institutions to adopt cybersecurity measures

An international cybersecurity advisory panel formed by the Monetary Authority of Singapore (MAS) has recommended that all financial institutions in Singapore ensure that data stored on the public cloud is kept secure, and that they perform cybersecurity risk assessments on their third-party providers. These proposals were raised at the panel’s second annual meeting, after its … Continue Reading

Don’t Forget About Your Affiliates and Customers as Technology License End Users

Your business may license many different types of software and technology in the ordinary course. These licenses range from software installed on your internal network to use-rights in software-as-a-services (SaaS) models, where the programs reside on the vendor’s host systems and are accessed via the Internet (or in some other manner). In each case, you are … Continue Reading

Why Are My Competitors Outsourcing IT? Should I?

Many organizations in different markets and industries are outsourcing parts (or all) of their IT functions (including support, development, help desk, data storage and others). Why are they outsourcing? What are the potential benefits of outsourcing? Helps the company bottom line – saves money. Many companies find lots of savings in outsourcing. The savings may be … Continue Reading

Spanish Data Protection Authority’s New Outsourcing Model Clauses for Service Providers Subcontracting Outside the EEA

In December 2012, the Spanish Data Protection Authority (SPDA) published a new set of Model Clauses prepared purely for use by service providers that subcontract to companies located in countries outside the EEA. These new Model Clauses (based on the 2010 controller-to-processor clauses) will allow for an international transfer of personal data between a data … Continue Reading
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