FinTech Magazine May 2024 | Page 64

“ By leveraging native cloud services , we can assess resource compliance against our internal standards and automatically remediate non-compliant resources in real time . This is a vast improvement over our previous approach , which involved a lengthy process of assessment and vulnerability remediation . We have also implemented advanced security measures by utilising the cloud provider ’ s security features , especially for protecting our sensitive data .”
As a financial institution , Old Mutual is subject to stringent regulations and industry standards from authorities .
To ensure compliance , the organisation has dedicated security teams that work closely with cloud provider AWS . “ Since migrating to the cloud , we have observed substantial improvements in our security landscape .
“ Our primary focus now is on operational aspects of cloud security , such as our Security Operations Centre ( SOC ) and access management . While these may not be the most high-profile initiatives , they are crucial for achieving operational efficiencies in our security posture , and we are actively working on enhancing these areas .”
64 May 2024