Patch and a Prayer: An Inside Look at the Art of Patching
Patching is a thankless job. But when it comes to securing capital markets firms' operating environments, it is absolutely necessary. Anthony Malakian examines the challenges involved with updating systems and looks at how best practices have changed.
There's one fundamental thing to remember about patching: Most every hack involves the manipulation of a vulnerability in an operating system, server or application. Patches are there to fix those vulnerabilities. And here's the other constant: You will always be a step behind when it comes to patching. Always.
Let's use the 2013 hack of Target as an example to shed some light on the challenge that every financial institution in the world faces in this age of interconnectivity. A year ago, Target
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 Data Management
Where have four years of Cusip legal drama gone?
The IMD Wrap: The antitrust case against Cusip Global Services has been a long, winding road. Reb recaps what you might have missed.
LSEG files second motion to dismiss lawsuit with MayStreet co-founder
Exchange group has denied abandoning the MayStreet business in a new filing, responding to allegations put forward by former MayStreet CEO Patrick Flannery.
‘The end of the beginning’: Brown Brothers Harriman re-invents itself
Voice of the CDO: Firms who want to use AI successfully better start with their metadata, says BBH’s Mike McGovern and Kevin Welch.
Editor’s Picks: Our best from 2025
Anthony Malakian picks out 10 stories from the past 12 months that set the stage for the new year.
Market data costs defy cyclicality
Trading firms continue to grapple with escalating market data costs. Can innovative solutions and strategic approaches bring relief?
LSEG partners with Citi, DTCC goes on-chain, AI on the brain, and more
The Waters Cooler: Trading Technologies buys OpenGamma, CT Plan updates, and the beginning of benchmarking in this week’s news roundup.
AI & data enablement: A looming reality or pipe dream?
Waters Wrap: The promise of AI and agents is massive, and real-world success stories are trickling out. But Anthony notes that firms still need to be hyper-focused on getting the data foundation correct before adding layers.
Data managers worry lack of funding, staffing will hinder AI ambitions
Nearly two-thirds of respondents to WatersTechnology’s data benchmark survey rated the pressure they’re receiving from senior executives and the board as very high. But is the money flowing for talent and data management?
