Offshore development has traditionally focused on application development and maintenance that does not involve access to live production systems or data. Today corporations are looking to outsource core operations right from intrusion detection and firewall monitoring to conducting security assessments and handling email security. Given the obvious benefits of outsourcing and offshoring, the practice has become a part of business in financial services. The Financial Institution Shared Assessments Program is a new process for financial institutions to evaluate the security controls of their IT service providers. The program has more than 50 member companies, including 15 major financial institutions.”]
Source: https://www.cuinfosecurity.com/offshore-outsourcing-how-secure-a-640