Financial Services & Insurance

Challenge #1

What’s Your Cyber Security Posture?

Cyber security is consistently a top priority in almost every survey of IT decision makers. Ransomware is one of the fastest-growing security concerns across most industries, affecting corporations, government agencies and private entities alike, but the sensitive nature of the data held by the finance sector make it as prime target for cyber-crime and data breaches are a constant threat. The changes in working and home life imposed by the Covid pandemic forced an increase in online transactions which compounds the risk.

We know that maintaining cyber defences isn’t simple easy, but it’s critical that IT teams regularly assess threats to the business and keep up to date with advances in technology – cyber criminals do! Vulnerabilities can range from old unsupported hardware, unpatched operating platform and a lack of security awareness among staff – the majority of breaches can be traced to human error. IT solutions need to be supported by a security-ware culture where every employee is a player in the line of cyber defence.

Challenge #3 

Outdated Infrastructure Holding You Back?

Ageing hardware – sometimes called legacy systems – can be the cause of poor performance and lack of flexibility. Out of support systems may still work, but there is an increased risk of failure or cyber breach when patches are no longer available, and worse may result in failed regulatory audits. “Born-in-the-cloud” new entrants are not hindered by legacy and can take advantage of innovative technology like containerisation, serverless computing and hybrid multicloud models where workloads can run on any platform. However, we’ve seen companies grow and beat the competition by enjoying the best of both worlds – retain core systems rich with institutional knowledge and exploit emerging IT trends.