Deep Dive How Credit Unions Juggle Cybersecurity Myths For Cloud Computing

pymnts.com | January 30, 2020

Cloud technology has lost some of its mystique in recent years, and consumers’ improved understanding has led to a boost in demand. The cloud computing services market was expected to see 17.2 percent growth and reach a global value of $200 billion by the end of 2019. The final figures have yet to be tallied, but it is clear such tools and software are viewed as essential to quickly transferring data.The financial world is also interested in cloud computing, but a few laggards have yet to shake off myths about its security and usefulness. The technology’s adoption in the banking sphere has risen steadily over the past several years as its capabilities have become more transparent, sophisticated and most importantly for financial institutions (FIs) that need to protect consumers’ and corporates’ financial information much safer. Security concerns were some of the top reasons FIs avoided moving their data to the cloud in the past. Still, many are now integrating such technology for added fraud protection and cybersecurity.Cloud computing could bring many benefits, but credit unions must keep cybersecurity top of mind when integrating with it. It can reduce CUs’ overhead and infrastructure costs while improving their IT departments’ productivity, but FIs need to be sure that data is kept safe. A hybrid cloud model could offer both the flexibility of scale and the security these entities need.

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CLOUD APP DEVELOPMENT

Accenture Announces Intent to Acquire AFD.TECH to Bolster its Cloud First Network Capabilities

Accenture | December 16, 2021

Accenture has announced its intent to acquire AFD.TECH, an independent network services company specializing in network engineering, operations and business services. Financial terms of the transaction are not being disclosed. This acquisition would add more than 1,600 highly skilled professionals to Accenture globally, along with multidisciplinary capabilities across engineering, design, deployment, and operation of next generation networks, such as 5G and fiber. “The combination of latest technologies such as 5G, cloud and next generation IoT is transforming the way businesses are operating across all the industries by creating opportunities for innovative services and new sources of growth. To succeed in their digital transformation and take advantage of its full potential, companies must act now to adopt the right strategy and build new business solutions enabled by network investments. This acquisition would give us a significant footprint in advanced mobile and enterprise networks.” Olivier Girard, market unit lead for Accenture in France & Benelux The newly acquired expertise when combined with Accenture’s Cloud First capabilities would provide a broad spectrum of proven practices, operational excellence and human ingenuity to help clients drive comprehensive transformation across their disparate networks. Karthik Narain, global lead, Accenture Cloud First, said: “Most networks were not built for today’s highly distributed world of cloud, edge devices and remote work. Increasingly, companies will need to invest in modern networks that seamlessly connect across the dynamic capabilities of the cloud continuum—from public through edge and everything in between. AFD.TECH’s network operations and IT capabilities, as well as its deep industry knowledge, would complement Accenture’s cloud, edge computing, security, and network capabilities to help clients shape, build and operate cloud-first networks.” Founded in 1998, AFD.TECH serves leading telecom brands and clients across various other industries, including energy, industrial, infrastructure and life sciences sectors. The company is based in France with additional offices in Belgium and Morocco. “Combining our strengths with Accenture would allow us to leverage the potential offered by the latest technologies and to allow an even-broader client base, both existing and future, to grasp the full potential of the range of new services that will be generated by the deep transformation across nearly every industry and market in the next five years. The opportunity to join Accenture would allow us to scale capabilities and enable tremendous opportunity for our clients, our company and our people. Together, we would help clients adapt their operating model, expand the skills of their people and drive innovation to unlock the full potential of 5G.” said Jérôme Picard, co-founder and CEO of AFD.TECH. The acquisition of AFD.TECH would strengthen Accenture’s network operations capabilities in Europe and follows Accenture’s acquisition of Arca last November and of umlaut in October 2021. The acquisition requires prior consultation with the relevant works councils and would be subject to customary closing conditions. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 624,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.

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CLOUD APP DEVELOPMENT

Wipro Unveils a New “Cloud Car” Platform; Aims to Accelerate the Deployment of Software-Defined Vehicles

Wipro Limited | March 03, 2022

Wipro Limited a leading global information technology, consulting, and business process services company, today announced the launch of its “Cloud Car” platform, which will be unveiled during the Engineering the Cloud Car Ecosystem panel at MWC Barcelona. Wipro’s Cloud Car platform will bring together its Wipro FullStride Cloud Services and engineering capabilities with a best-in-class partner ecosystem as well as consortiums. A first in the industry, the platform will deliver auto makers an integrated, cloud-native software solution—equipped with an end-to-end cybersecurity system—to help them innovate faster at a lower cost and keep software-defined vehicles (SDVs) digitally relevant for years. “Today, most SDVs come with pre-set features that are difficult and time-consuming to upgrade, rendering them outdated as new technologies come to market. Our goal is to make it possible for automobile manufacturers to deliver vehicles that get better every day, so both they and generations of owners can drive better return on investments.” Thomas Mueller, CTO, Engineering and R&D Services, Wipro Limited Wipro’s Cloud Car platform will decouple previously integrated software and hardware, enabling manufacturers to validate and upgrade software at an unmatched digital scale. As a result, generations of owners will be able to customize their vehicles based on their unique and changing needs. Automobile manufacturers, on the other hand, will be able to address software failures via over-the-air updates, without having to resort to physical recalls. The ‘always-on,’ ‘feature-on-demand’ functionality will come with a robust cyber security and functional safety architecture and will help increase vehicles’ residual value. “By 2030, the vast majority of new vehicles will be SDVs,” added Mueller. “These cars will connect in real-time with the world around them. They will leverage artificial intelligence and machine learning to constantly gather data, provide valuable information and, eventually, make autonomous decisions. Unlocking the true potential of SDVs will require moving them to the cloud. We are fast forwarding to that future by making the Cloud Car ecosystem available to every automotive company in the world today.” The Cloud Car platform will also leverage a ‘shadow mode’ architecture, working passively in the background, gathering and consolidating data from sensors and cameras as well as the driver, which, over time, will help with the validation and safety of autonomous functionalities. About Wipro Limited Wipro Limited is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

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CLOUD APP DEVELOPMENT

Lacework Enhances Partner Program to Better Enable Cloud Service Providers, Alliance Partners and the Channel

Lacework | February 03, 2022

Lacework, the data-driven security company for the cloud, announced it has strengthened investment in its growing partner ecosystem with the introduction of the new Lacework Partner Program. Partners are critical to fueling the company's continued momentum and scale, and the release of today's new program will help simplify how they can work with Lacework to uncover new revenue opportunities. Organizations of all sizes choose the Lacework Polygraph® Data Platform because it helps automatically uncover suspicious activity across a multicloud environment, so they can detect and address true threats and risks to their business from build time through runtime. The Lacework Partner Program enables channel partners with dedicated technical enablement, joint marketing resources, and a go-to-market framework across three new tiered program levels. Partner program levels determine a partner's access to a spectrum of benefits including dedicated channel managers, MDF program dollars, SPIFF eligibility, training and technical content, and more. Lacework has also established a Partner Advisory Board to help ensure the company is meeting the strategic needs of its partners. This flexible program lets partners choose the investment that works for their business and grow with Lacework over time. The program also formalizes the company's commitment to technology partners, cloud service providers and system integrators. Through technology integrations with partners, Lacework is making it easier for customers to integrate security practices deeper in the development process. It will also enable Lacework to better support customers with multicloud environments through partnerships with AWS and now Google Cloud, making it easier to purchase Lacework through the cloud providers' respective Marketplaces. The companies will also tightly integrate into co-selling and co-building activities. Lacework will continue to add global partners, which includes channel partners Presidio, Trace3, EVOTEK, Tevora, Optiv, GuidePoint Security, Expel, GlobalDots, and Tracer Cloud; technology partners Snowflake, New Relic, Tines, and Atlassian; global technology service providers like Wipro; and cloud service providers AWS, Microsoft Azure, Red Hat, and Google. "We are excited to partner with Lacework as they further their investment in their partner ecosystem. The Lacework Polygraph Data Platform provides best-of-breed cloud security tools we recommend to our clients to improve upon their cloud security posture, secure critical workloads, and accelerate digital transformation." Jon Jensen, Vice President, Cybersecurity Sales at Presidio "GlobalDots keeps hunting for security innovation to support its customers in their large-scale cloud operations. We are keen on cloud-native security solutions that safeguard data while allowing full exploitation of the cloud's speed and efficiency," said Yuval Rachlin, CEO at GlobalDots. "The Lacework Polygraph Data Platform is just that type of innovation, allowing our customers to build quickly, safely, and securely. The Lacework Partner Program will make it easier for us to deliver this exciting technology to them." "Today's world is powered by modern, digital experiences, and the quality of those experiences depend on empowering your engineers with a data-driven approach to planning, building, deploying, running, and securing great software. When security, application, infrastructure, and end-user performance data is scattered across disconnected monitoring tools, it can be hard to identify issues quickly, and troubleshooting can be needlessly complex and time-consuming," said Buddy Brewer, GVP & GM, Product Partnerships, New Relic. "By bringing together the power of New Relic and Lacework, organizations can spend less time investigating and troubleshooting, and more time building." "Our customers are enthusiastically moving to the cloud and they need a security solution that keeps their data safe while continuing to deliver the speed and efficiency the cloud provides," said Siva VRS, Global Practice Head of Cloud and Infrastructure Security Practice, Wipro Limited. "The Lacework Polygraph Data Platform was built in the cloud, for the cloud, so customers can continue to build quickly, safely, and securely." "We're investing in our partner ecosystem today because we know that Lacework cannot realize its full potential as the next great security company without the support of outstanding and diverse channel and technology partners," said Andrew Byron, President, Lacework. "The Lacework Partner Program was painstakingly designed to give these vital partners all the tools they need to be successful so together we can deliver customers the only data-driven cloud security platform designed specifically for the cloud." About Lacework Lacework is the data-driven security company for the cloud. The Lacework Polygraph® Data Platform automates cloud security at scale so our customers can innovate with speed and safety. Only Lacework can collect, analyze, and accurately correlate data across an organization's AWS, Microsoft Azure, Google Cloud, and Kubernetes environments, and narrow it down to the handful of security events that matter. Customers all over the globe depend on Lacework to drive revenue, bring products to market faster and safer, and consolidate point security solutions into a single platform. Founded in 2015 and headquartered in San Jose, Calif., Lacework is backed by leading investors like Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Tiger Global Management, Counterpoint Global (Morgan Stanley), Franklin Templeton, Durable Capital, GV, General Catalyst, XN, Coatue, Dragoneer, Liberty Global Ventures, and Snowflake Ventures, among others.

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CLOUD SECURITY

Sigmoid enables significant cost reduction on Google Cloud Platform for Reckitt

cloud | June 16, 2022

Sigmoid, a leading data engineering and AI solutions firm, partnered with Reckitt a multinational consumer goods company, in successfully concluding a global cloud optimization initiative. This engagement helped Reckitt to improve their data infrastructure on the cloud and enable analytics solutions across marketing and supply chain. With increasing data volumes and multiple business teams relying on access to high quality data, enhancing cloud performance was a strategic imperative for Reckitt. Unplanned spikes in cloud cost and the inability to predict monthly expenses necessitated the development of a solution that would provide 100% visibility of cloud usage at a granular level and ensure continued cost efficiency. "To have a clear view on cloud usage and continuity of key analytics initiatives, we partnered with Sigmoid. Their expertise in optimizing data infrastructure on multiple cloud platforms helped us leverage the best practices in monitoring, guard railing and optimization which brought down our cloud costs by more than 50% for all BAU projects in GCP," said Thomson Iruthayaraj, Global Lead Data Strategy and Operations - IT at Reckitt. Sigmoid's cloud optimization solutions and custom dashboards helped Reckitt gain visibility of estimated costs for planned projects and alerts for any fluctuations or anomalies in billing patterns. Reckitt also achieved improvement in query performance by 97% and cost saving by 54%. "We are happy to work with Reckitt in their cloud enablement and optimization. Our association with leading cloud service providers combined with our experience in data management enabled us to develop a highly cost efficient solution with real time monitoring and notification system that drives business critical use cases for Reckitt," Mayur Rustagi, Sigmoid's CTO and Co-Founder. With Reckitt operating a multi-cloud infrastructure, the engagement with Sigmoid has paved the way to further optimize cloud costs, reduce time to insights and deploy enterprise wide best practices to derive the maximum benefit from data residing on the cloud. About Sigmoid Sigmoid combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making.Some of the world's largest data producers are engaging with Sigmoid to solve complex business problems. Sigmoid brings deep expertise in data engineering, marketing analytics, artificial intelligence, and DataOps.

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Expanding consumer demands and rapidly evolving technology are thrusting content creators and distributors into a new world. Development and distribution of digital content is exploding.

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