Are the security requirements for
As accounting and finance professionals look to the cloud and Internet technologies to address the areas of collaboration, mobility, and improvements in client service delivery, they should also be looking at ways to ensure the protection and security of client financial information. Professional services organizations of all types are embracing cloud products and services, sometimes without properly considering how it might impact information security and business
In her article “NC Bar Council issues final opinion on the cloud “, author Nicole Black points out some of the essential considerations for using cloud computing services in a professional legal practice. Accounting and finance professionals should recognize this guidance as being applicable to their businesses, too.
The main question stems from the ethical issues faced by “lawyers who intend to store confidential client information on servers owned and operated by third parties”. An opinion issued by the North Carolina State Bar Council addressed two primary questions in this area:
- Is it OK for a law firm to use Software as a Service or cloud computing products?
- Are there any special vendor assessments or other measures which should be taken by lawyers who wish to minimize the security risks of implementing this type of solution?
