Aug 4, 2020

IBM: Top ten cloud companies

Technology
Cloud
Kayleigh Shooter
2 min
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We take a closer look at IBM, an innovative cloud company who claimed the tenth spot in our list of the top ten cloud companies...

 IBM is an american company headquartered in New York, the company specialises in producing and selling computer hardware, software and middleware. It is also a major research organisation and holds the record for the most US patents generated by a business.

IBM’s cloud strategy brings a wealth of experience with integrating traditional critical environments with the latest technologies. The strategy can aid you in building a resilient, open and security rich solution that allows your business to create new values. 

IBM’s services reduce cost and enable you to scale your applications, identify areas of change in foundational processes and help you define your success. 

The company worked with the family owned business City Furniture, the company is based in Florida which is prone to hurricanes and other natural disasters. City Furniture needed to keep its data safe, hence it partnered with IBM to move its business critical servers to the company’s cloud environment. This innovative technology allowed for its data to be kept safely. 

IBM is seeing more customers approaching them as threats grow larger.

IBM has a team of experienced experts to help guide you through its processes and tirelessly help you with any problem that your business may encounter. 

They believe that their experts can allow you to navigate your business IT transformation and accelerate your journey.

The company has recently released an exclusive whitepaper on how you can accelerate business transformation and agility across multicloud deployments.

They say that enterprises find themselves increasingly faced with much more complex challenges to stay competitive. Part of this complexity is the need to move at a faster pace in keeping with changes in customer needs, regulations, the competitive landscape, technology shifts and, as always, the perennial challenge of budgetary constraints.

You can download the exclusive whitepaper, here.

We recently sat down with Inderpal Bhandari, IBM’s Global Chief Data Officer to find out about data and cognitive transformation strategies and the role of the Chief Data Officer. You can read this by clicking the button below. 

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May 13, 2021

Report: Financial institutions face cloud-based threats

Cloud
Technology
Data
DigitalTransformation
2 min
Infoblox research finds financial services cite biggest future fears as cloud vulnerabilities, IoT attacks, and data manipulation

Infoblox, a company that offers secure cloud-managed network services, has unveiled new research into how the COVID-19 shutdowns challenged the financial services industry’s core infrastructure. 

Over one year into the pandemic, different financial institutions report costly consequences to falling short of protecting their data storage from cloud-based attacks and network disruptions. The report is based on more than 800 responses from IT professionals working in the financial services industry in North America, Latin America, Europe, and the Asia-Pacific region.

Report highlights: 

 

  • Data breaches are an increasingly significant cost burden for the industry: Worldwide, financial firms that experienced a data breach reported estimated average losses of roughly $4.2 million per attack, with U.S. organisations hit hardest at $4.7 million in estimated losses.
  • Network outages also result in costly burdens: Institutions lose an estimated $3.2 million on average with Asia-Pacific followed by European institutions carrying the heaviest losses at $4.3 million and $3.1 million respectively.
  • The industry remains a popular target for cloud-based attacks: Over half of all organisations (54%) surveyed suffered a data breach in the last 12 months with 49% plagued by a cloud malware attack as well.
  • Cloud and network-based attacks will continue to be a major threat vector: More than 50% of respondents expect to face a combination of IoT attacks, cloud vulnerabilities including misconfigurations, and data manipulation attempts over the next 12 months.
  • Threat resolution teams are embracing network visibility for security hygiene: Globally, network monitoring (76%), threat intelligence (64%), and threat hunting (57%) are considered the most effective mitigation tactics against these threats.

Even before the pandemic, tech companies were increasingly seeking moves to the cloud. The COVID-19 crisis has accelerated the adoption of cloud computing by the financial sector as part of its process of digitalisation. As companies transition and move data, there can be a lack of protection due to a number of factors such as undertrained staff and insufficient firewalls.

“The financial services sector has long been a target for bad actors who are following the cyber money trail into the cloud,” said Anthony James, VP of Product Marketing at Infoblox. “As the pandemic pushed IT infrastructures to rely on remote work, cloud-based technologies that enabled digital transformation also created soft spots for cyber criminals to exploit.”

“This report shows us that cloud compromise has become the biggest cybersecurity issue for financial institutions and the investments they are making to protect themselves,” James continued.

 

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