Starting with a Small IT Ecosystem
Treasury has a financial sector risk management responsibility, which is why it issued a cloud report in February detailing the benefits of moving to a hybrid, multicloud environment and identifying gaps in its own adoption strategy, the Treasury official says.
The department launched a series of workstreams with other regulatory agencies, financial sector CEOs and cloud service providers in its role as Financial and Banking Information Infrastructure Committee lead.
The TFIN cloud modernization project wouldn’t be possible without the support of Deputy Secretary of Commerce Don Graves, according to the Treasury official.
Migration to Microsoft Azure should finish by the end of 2024, at which point the sunsetting of legacy assets will lead to cost savings that will be used to repay the TMF.
“It’s really going to be the blueprint for how other agencies adopt Microsoft Office 365 for the NatSec space, because we are the first one going through that process with them,” Conklin says. “The benefit is, we have a pretty small ecosystem, compared with some of the bigger intel agencies, so it does make a lot of sense to start with us.”
