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Providers of Managed IT Services allow businesses, ranging vastly in size -- from small to large, to “delegate their IT operations to an expert third-party organization that specializes in handling these responsibilities.” In other words, these third-party entities own and…

What is the FFIEC? Established in 1979, the FFIEC, or the Federal Financial Institutions Examination Council, defines itself as “a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions.” Through…