Cloud-native services are increasingly relied on for building and running applications rather than having on-premise data centers. This is because it is more economical in terms of security, maintenance, and capacity. Cloud-native security is an important consideration for users since the protection of the codes, applications, and customers’ data is heavily dependent on it.
Cloud-native and analytic solutions provider Sumo Logic has announced a cybersecurity incident stemming from a compromised AWS account. Sumo’s clients come from various industries, including airlines and video game franchises. On November 7th, they posted a breach notice to their website; they stopped the attack before the data could be unencrypted.
Since the start of Bitcoin in 2009, the popularity and prevalence of cryptocurrencies has exploded, resulting in a net worth of over $1 trillion that continues to grow. Cryptocurrency—held in virtual wallets—is obtained by users who purchase coins on a cryptocurrency exchange, receive coins as payment from someone else, or “mine” coins virtually themselves.
As technology continues to advance, cloud computing has become an integral part of our digital landscape. While the benefits of cloud technologies are undeniable, concerns about data security and privacy have often overshadowed and slowed down its adoption. However, a new paradigm shift called “Zero Trust” is poised to revolutionize the way we perceive and embrace cloud technologies.
As customers adopt a digital lifestyle, the financial services required to support their online purchases are growing at an unprecedented pace. To match these challenges IT organizations are frequently turning to the cloud and replacing traditional services. Cloud services are already well-rooted in virtually every aspect of the financial services industry and all signs point to this continuing into the future.
