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IT-Director: Risks Of Free Open Source Software--A US Regulatory View

Nov 08, 2004, 17:30 (7 Talkback[s])
(Other stories by Bob McDowall)


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"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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