CIO OPINION
Additionally , as detailed above , a crucial aspect of a layered security architecture is the incorporation of consistent security policies across all IT environments and stacks , so they can properly identify and remediate critical threats like the Log4j2 vulnerability .
This is especially important in the financial services industry , with the evolving complexities associated with growing open finance ecosystems . Embedded finance and banking as-a-service innovations , for example , are changing the landscape . According to Jack Henry research , almost 50 % of financial institutions are planning to embed their financial services into third parties in the next two years .
With the right SMNS in place , financial services organisations can more confidently navigate the complexities of distributed environments and open finance ecosystems with greater visibility and streamlined security operations , mitigating the risk of the loss of sensitive PII and financial data .
While the good news is that public cloud providers offer native networking and security capabilities that suffice for many use cases in multicloud environments , notable gaps do exist .
to build exclusions against a specific false positive , you can easily deploy this from a central console .
You can also , for instance , streamline the consistent use of your API reputation filter , a task that is especially helpful to better manage aggregator API endpoints . These examples along with many others , allow for an improved , detailed focus on application and API security in financial services , enabling organisations to meet multicloud security challenges with greater consistency and agility .
Layered approach
As multicloud strategies become the norm , adopting a layered security architecture is imperative to fortifying defences and ensuring comprehensive and consistent protection in any environment . A vertical security architecture now requires complimentary controls like application layer 7 DDoS , identity management , and web application and API protection that are key elements of defence in depth and are becoming table stakes for modern enterprises .
Visibility
One of the significant advantages of incorporating strong security elements that are designed for multicloud networks is the facilitation of end-to-end visibility . This visibility is crucial for financial services organisations aiming to maintain control over their applications and data across distributed cloud environments .
SMNS can provide insights into the entire infrastructure , allowing for proactive monitoring , AI-enabled threat detection , risk scoring , and automated protection . This end-to-end visibility allows you to review the consistent deployment and operations of application performance and security in one place . Gone will be the days of monotonously mulling through application security and performance analytics of multiple tools within numerous environments for all your different applications .
As financial services organisations navigate the complexities of multicloud strategies , the adoption of SMNS emerges as a strategic imperative .
By seamlessly integrating with all distributed environments and incorporating strong security elements , financial services organisations can bridge the existing security gaps potentially tied to manual tasks and elevate operational efficiency .
The future of financial services lies in embracing innovative solutions that prioritise security , and secure multicloud networking stands as a transformative force in the evolving financial services digital landscape . p
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