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2024 Thales Global Data Threat Report: Trends in FinancialServices madhav Tue, 10/15/2024 - 05:17 Financialservices (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.
In our increasingly digital world, a greater proportion of businesses across different sectors are trying to integrate new technologies into their processes. Technologies such as IoT, cloud computing, edge computing, and AI have the ability to drastically improve the service and operations of any business. Untapped potential.
Over the past year, like many industries, the financial sector has faced a range of both challenges and opportunities, leading to a decade’s worth of digitaltransformation in 12 short months. We have seen particular growth in interest from banks and financialservices in deploying a cloud-based Zero Trust approach.
Companies are being compelled to embrace digitaltransformation, or DX , if for no other reason than the fear of being left behind as competitors leverage microservices, containers and cloud infrastructure to spin-up software innovation at high velocity. A core security challenge confronts just about every company today.
The pace and extent of digitaltransformation that global enterprise organizations have undergone cannot be overstated. Organizations, such as financialservices or government, deal with sensitive information and prefer a private cloud model with greater control over the security of applications, users, and data.
But today, the rise of online banking, digital applications, and challenger banks has caused significant disruption across financialservices. The COVID-19 crisis has put pressure on banks to improve their digital offerings as lockdowns have forced customers to turn to online banking rather than physical, in-store experiences.
Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-FinancialServices Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-FinancialServices Edition and tips for overcoming them.
Digitaltransformation is changing the way we live and work, both in India and around the globe. DigitalTransformation is Well Underway. Banking, financialservices, media, insurance, and e-commerce companies have the lead in transformational initiatives in India.
They must harness all that data to compete in the rapidly evolving global financialservices ecosystem. However, InfoSec lacks visibility into data dispersed across a vast multi-generational architecture and struggles to mask it, so they must limit access to production data, curtailing innovation. .
Prior to joining Collins, Alexandra led Booz Allen’s Commercial Aerospace practice, building and overseeing multi-disciplinary teams to advise C-level clients on cybersecurity and digitaltransformation initiatives. Director, Industry Solutions Americas Solutions Architecture & Customer Success. Amazon Web Services.
They power the web applications that connect today’s digital world, and their use will only continue to grow as more organisations adopt digitaltransformation initiatives and shift towards cloud-based solutions. This API sprawl presents major security challenges for organisations.
We’re thrilled to be working together and to have Denis’ expertise in digitaltransformation and emerging technologies to facilitate Altada’s global expansion and further scale the impact of our cutting-edge AI solutions.”. Said Allan Beechinor, Altada’s Co-Founder and CEO. About Altada Technology Solutions.
Cloud-delivered modern SaaS architecture. Cyber Risk Assessments powered by MyCyberScorecard also enable collaboration between business and system owners to bridge the gap between policies, controls and operations. Interactive reporting that is easy to export and effectively communicate to senior management. Roadmaps to cyber resilience.
Every summer, the city plays host to Money 20/20 , the largest global fintech event enabling payments and financialservices for connected commerce. Embark on a canal tour and witness the city’s stunning architecture, picturesque bridges, and charming houseboats from a unique perspective.
Protect data at both hardware and the software layer for enhanced cyber-resilient data-centric security – a key component to zero-trust security architectures. NetApp is a global, cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digitaltransformation.
They enable organizations to supply the digitalservices that support everyday activities like shopping online, booking a holiday or using a banking app. The unprecedented growth of API usage across all industries in recent years has accelerated digitaltransformation and brought new API security challenges to light.
As enterprises increasingly adopt cloud-native architectures, microservices, and third-party integrations, the number of Application Programming Interfaces (APIs) has surged, creating an API tsunami in an organization's infrastructure that threatens to overwhelm traditional management practices. Learn how to today.
Simplifying complex digital infrastructure. With a managed PAM service, featuring a cloud-hosted architecture, the entire infrastructure can be integrated and orchestrated within a single platform, with simplified visibility enabled through a single-pane-of-glass approach.
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