In this, the second of three blog posts, we continue to examine the issues discussed in our recent webinar, “Software and Application Security Challenges and Opportunities in Banking.” In the webinar, Rhys Arkins, Mend’s VP of Product Management, was joined by James McLeod, Director of Community of the Fintech Open Source Foundation (FINOS); Kate Stewart, VP of Dependable Embedded Systems at the Linux Foundation; and Amol Shukla, Executive Director of Engineering at Morgan Stanley, to
Google Cloud Provider (GCP) Filestore is a good place to keep lots of rich, unstructured data, such as graphic designs, video editing files, and other media workflows that use files as input and output. Having GCP Filestore backups enables users to protect themselves against the rare case of inaccessibility, accidental changes, ransomware attacks, or other types of disasters.
Adopting cloud technologies is one of the most common tech strategies followed by modern organizations. This may be due to various reasons depending on the nature of the business. But there are a few standard components that span across most domains, not least the fact that cloud vendors allow developers to easily create and take down resources on the cloud with minimal effort.
The banking and fintech industries live and die on the reliability of the online services they offer. It’s vital that the sensitive data that the industry handles is robustly protected, and that the software and applications that it uses are secure. For effective software and application security, it’s critical that banking and fintech organizations rapidly detect, identify, and remediate software vulnerabilities.