7 Reasons Financial Institutions Need Cloud Computing & Cybersecurity

      Posted by NewCloud Networks on Feb 27, 2020 11:00:00 AM

      Cloud adoption by financial institutions has been on the rise. According to PwC, by 2020 core financial services like credit scoring, statements management, payments, and billing will use the cloud for processing and computing. From retail banking to collection agencies to asset management and investment banking, the cloud provides many use cases to bring scalability, cost savings and higher security to financial institutions. 

      The largest financial institutions have already adopted cloud technology. But it’s not just the J.P. Morgan’s or Bank of America’s of the world. Smaller financial institutions are finding the same benefits in cloud computing and cybersecurity practices that enterprises are leveraging.  Here are 7 reasons financial institutions need cloud computing and cybersecurity.

      1. Cost Savings 

      Financial institutions are leveraging the cloud to move IT operations to an operating expense model (OpEx). IT hardware and underlying infrastructure is expensive, and financial institutions are concerned about the rising costs associated with running data centers. Additionally, on-premise data centers are difficult to scale, and any growth requires large capital expenditures. Instead, hybrid cloud strategies allow banks and collection agencies to safeguard mission-critical data in the cloud without the high cost and maintenance that typical on-premise centers come with.  

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      Topics: Cloud Computing, Backup, Cybersecurity, SIEM, Intrusion Detection and Prevention, Cloud Solutions, Security, Identity Management, Security as a Service

      How Cloud Computing & Cybersecurity Can Be Used in Various Industries

      Posted by NewCloud Networks on Feb 25, 2020 11:00:00 AM

      In today’s digitized world, cyberattacks are inevitable if businesses aren’t proactive in their protection. Regardless of business size, it’s only a matter of time before organizations become victims due to the absence of cloud computing and security solutions. In fact, 81% of cyberattacks affect small to medium-sized businesses, simply because they lack cloud knowledge.

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      Topics: Cloud Computing, Backup, Cloud Security, Cloud Storage, healthcare, Cybersecurity, SIEM, Intrusion Detection and Prevention, Office 365 Backup, Cloud Solutions, Identity Management, Security as a Service

      What Are User Entity Behavior Analytics, and Why Are They Important?

      Posted by Sydney Diedrich on Jun 18, 2019 9:30:00 AM

      As businesses increasingly conduct more of their activities online, there has been a corresponding increase in the frequency as well as the number of cyber attacks; cybercriminals invest their time and resources seeking various ways to compromise business computer networks. Given the increased frequency and sophistication of cyber attacks, traditional cybersecurity strategies are no longer enough in keeping your computer network secure. 

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      Topics: SIEM