IT-Director: Risks Of Free Open Source Software--A US Regulatory View | Linux Today
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IT-Director: Risks Of Free Open Source Software–A US Regulatory View

Written By
Web Webster
Web Webster
Nov 8, 2004

“In the USA the Federal Financial Institutions Examination
Council (FFIEC) agencies believe that the use of what they term
Free Open Source Software (affectionately termed FOSS!) by
financial institutions or their technology service providers,
involves strategic business decisions and these involve prudent
risk management practices. The Council has issued a guide intended
to raise awareness within the financial services industry of risks
and risk management practices applicable to the use of free and
open source software…”

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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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