NEWS
BNP Paribas commits to joining the
IBM Cloud for Financial Services
IBM has announced that several global banks, including BNP
Paribas, one of Europe’s largest banks, will join a growing
ecosystem of financial institutions and more than 30 new technology
providers will be adopting IBM Cloud for Financial Services.
BNP Paribas has committed to joining the IBM Cloud for Financial
Services as an anchor client in Europe to support its first dedicated
cloud in Europe to be GDPR compliant, acknowledging that a public
cloud informed by IBM’s deep financial industry expertise, controls
framework and industry-leading data protection capabilities, meets
its exacting standards.
BNP Paribas will utilise a dedicated cloud, developed and managed
by IBM, that will leverage IBM public cloud technologies, including
Keep Your Own Key (KYOK) encryption capabilities. BNP Paribas
could plan to onboard additional banking partners to the
ecosystem across Europe in the future.
“As we continue to expand our collaboration with IBM, we’re
driving innovation in the financial services industry and are able to
partner with a growing ecosystem of technology providers, from
small startups to leaders in the industry. That’s an important step
forward for BNP Paribas Group to accelerate its transformation
journey and be compliant with European regulations,” said Bernard
Gavgani, CIO, BNP Paribas. “IBM Cloud for Financial Services helps
us to further our transformation journey to the cloud and migrate
mission critical workloads with confidence knowing that we can
meet the regulatory standards established for the industry.”
UK is fourth most exposed country in the world
for cyber vulnerabilities, says Rapid7 research
The UK is the fourth most exposed
country to cyber vulnerabilities in the
world, behind the US, China and South
Korea, a report by Rapid7 has found.
Rapid7’s National Industry Cloud Exposure
Report (NICER) for 2020 also finds that
despite significant efforts on the part of the
UK National Cybersecurity Centre (NCSC)
to encourage exposure reduction across
all organisations, the UK’s share of SMB
servers has increased by 22% from the
same period in 2019.
However, the increase in SMB was offset by
a 21% reduction in exposed Telnet services
and 11% reduction in exposed FTP services.
And while the UK has fewer total
vulnerabilities per-exposed service/system
than other countries, due to continued
efforts by the NCSC, these vulnerabilities
account for under 38.4% of all exposed
surfaces, showing more work needs to be
done on the vulnerability management side
by organisations and hosting providers.
In a time of global pandemic and recession,
the report offers a data-backed analysis
of the changing Internet risk landscape,
measuring the prevalence and geographic
distribution of commonly known exposures
in the interconnected technologies that
shape our world.
The research team calculated a country’s
risk by measuring the total attack surface,
(which reviews how much of a business
is exposed to attacks); the total
exposure of selected surfaces such as
SMB and Telnet (which should never be
exposed); the number of CVEs present,
as more known vulnerabilities means
more exposure; the distribution of
vulnerability rates and the maximum
vulnerability rate.
14 INTELLIGENTCIO www.intelligentcio.com