Welcome to the Office of Pre-Compliance
Over the past few years, I've heard about all the benefits of adopting a cloud environment within the enterprise—lower computing costs, smaller carbon footprint and higher efficiency—but a new one keeps popping up: security.
It seems a bit counterintuitive that cloud computing could be more secure than running everything in a locked-down datacenter, but hear me out.
First of all, we are definitely not there yet. Today's public clouds aren't as secure as they can be, but just give them time. If they are going to thrive, like I believe they will, then they are going to have to make their security as bulletproof as possible just to stay in business. Once they've mastered this aspect, enterprises can learn from the cloud providers' best practices.
Secondly, as the cloud management matures and issues of identity management are hammered out, the performance logs will provide a treasure trove of data for security purposes.
If you have ever read sci-fi author Philip K. Dick's Minority Report, or saw the 2002 Tom Cruise movie based on the short story, a law enforcement agency uses information from three precognitives, or precogs, who can see crimes before they occur, to arrest the criminal before they can act.
Now imagine if you replace those precogs with a massive amount of data on every user’s behavior on the cloud. It shouldn't be that difficult to do some behavior modeling to see if someone is acting out of the norm, accessing files they shouldn't be, or downloading a massive amount of data to removable storage. Anyone who is on Facebook or has played any online game already knows this.
It's just a matter of mastering the massive amount of user data and developing the proper analytics.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Broadridge teams up with NYSE, Clear Street goes in-house, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Clear Street building execution platform to replace vendor systems
A job posting shows that the broker is building a new algorithmic trading stack from scratch, targeting direct market access for institutional clients by year-end.
Kalshi recruits TradFi partners for institutional build-out
The prediction market has inked partnerships with Tradeweb, BMLL, and others as it aims to give institutions familiarity in an emerging market.
Off the grid? Dealers mull XVA cloud shift
Benchmarking: 69% of European banks still run core XVA calculations predominantly on-premises, as do 75% of global dealers.
CME marks cloud migration milestones, new FIX guidance for brokers, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
How Quoniam boosted its sentiment strategy by adding an LLM
The asset manager’s upgraded system creates scores from more-informative forward-looking parts of news.
WatersTechnology latest edition
Check out our latest edition, plus more than 14 years of our best content.
Tech and data fragmentation irks enterprise risk managers
Often at the mercy of decisions made by other parts of the bank, ERM heads gripe at disparate systems, poor UX, and reporting gaps.