How financial services can stay secure in the cloud

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While just a few years ago there was an air of trepidation surrounding the cloud, there’s no question that, having got through what Gartner termed ‘a phase of disillusionment’, retail financial services firms today see the immense value that the cloud can bring. What’s more, with the implementation of PDS2, the rise of fintech competitors and the emergence of blockchain technologies, many banks are realising that the cloud can be a viable route to success in the future.

So much so that the latest Nutanix ‘Enterprise Cloud Index Report’ for the financial services sector revealed a 21% adoption rate of hybrid cloud amongst financial services organisations, which actually outpaces the global average of 18.5%.

While this is undoubtedly a turning point for the industry, the growth of regulatory red tape surrounding data classification and security in regards to deploying the cloud remains a central concern. In particular, many banks struggle to understand what information needs to be retained on the private cloud, what can be kept in the public cloud, how different tiers of data need to be secured and who is ultimately responsible for confidential data. This confusion only proliferates as regulations and online threats continue to multiply.

A 21% adoption rate of #HybridCloud among financial services organisations, outpaces the global average of 18.5%Click To Tweet

How Barracuda can help 

Having listened to the concerns of our financial services customers, we understand the importance of providing banks across the globe with a way to leverage cloud resources without having to worry about how they might allocate security resources. To that purpose, available as part of the Microsoft Azure Security Center, Barracuda security solutions are engineered for the cloud, offering dynamic scaling, API-based configurations, integration with Azure Active Directory and Azure App Service.

Barracuda’s Azure-ready solutions include Web Application Firewall for Azure, a highly scalable security solution that protects applications from targeted and automated attacks, including data breaches, defacement, OWASP Top 10 attacks, and application-layer DDoS.

Barracuda CloudGen Firewall for Azure offers powerful next-generation firewalling – including full application visibility and user awareness – to secure connectivity. By building secure multi-tier architectures in Azure, our financial services customers are able to keep a level of segregation between tiers that ensures optimal security.

Barracuda security solutions are engineered for the cloud. Get a closer look at the different ways they can help #CloudSecurityClick To Tweet

On top of this, our Cloud Security Guardian solution automates security policy compliance in the public cloud. It gives you visibility into your distributed cloud environment, while ensuring your cloud environment is compliant. It continually scans your infrastructure to detect misconfigurations, actively enforces security best practices, and remediates violations automatically before they even become risks.

We were named Microsoft Azure Certified ISV Partner of the Year, in recognition of the reassurance and familiarity we offer our customers. This achievement speaks to the growing momentum Barracuda has in public cloud, and the strength of our relationship with Microsoft. We will continue to collaborate to design, build and plan new solutions that empower customers with the best possible experience to fully leverage the benefits of the cloud, while maintaining the required security and control.

 

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