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Key Takeaways:
1. Cloud computing is delivering business model transformation and real results to Banking & Financial Markets clients. Cloud’s 25% compound annual growth rate (CAGR) represents a significant investment for the financial services industry.
2. Cloud Security is an important topic. As a result, we have analyzed many client requirements for cloud and have determined key security concerns.
3. IBM Point of View: Cloud can be made secure for business.
4. This C-level, Executive Briefing is designed to share IBM’s insights & global best practices based on 2,000+ Cloud engagements in all industries.
5. Your local IBM representative can arrange for more in-depth discussions on these cloud security topics.
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CUSTOMERSRapidly evolving expectations for offerings, service unbiased advice, and convenience
REGULATIONRadically increased oversight ushering in a new era of increased government intervention
TRUSTRebuilding trust and confidence across the system is critical to future growth and stability
CAPITALIZATIONMature markets and emerging markets alike focus on rebuilding their capital reserves
COMPETITIONIntensified competition with increased M&A, divestitures and entrance of non-bank service providers
ECONOMYWeak conditions impact investment decisions andreduce need for financial services
Dramatic changes across the industry require new approaches to help maximize profitability and returnsDramatic changes across the industry require new approaches to help maximize profitability and returns
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To drive sustainable shareholder value, leaders in the financial services industry are focusing on four imperatives. . .To drive sustainable shareholder value, leaders in the financial services industry are focusing on four imperatives. . .
Create a customer-focused enterprise
Increase flexibility and streamline operations
Drive innovation while managing cost
Optimize enterprise risk management
What You Need to Know: C-Suite Insights (Use full-screen mode; Click on link)Cloud computing plays a vital role in helping executives bring their companies into the future. Learn how innovative cloud solutions are opening new possibilities for Kaiser Permanente, ING, Navistar, Bharti Airtel and others. http://www.youtube.com/watch?v=CD_elWBD1Zk
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AnalyticsAllows integration of customer data across banking silos to enable real-time insight
Business Services•Application & service management•Customer and relationship management•Client and market analytics
CollaborationCommunications and collaboration tools provide solutions to enable employees to share information seamlessly.
Industry ApplicationsData archiving and secure data retention.
Infrastructure ComputeFlexible and elastic on-demand compute resources for high demand application scaling.
Infrastructure StorageScalable storage solutions to ensure the real-time demands of today's trading and analytics processes are maintainable.
Desktop and DevicesRange of solutions can reduce costs & complexity, enable better security of PC data, enable centralized management of critical enterprise data
SecurityEnforce active security and endpoint management to ensure corporate governance and IT policies are maintained
Managed BackupRapid backup and recovery services for high availability.
Development and TestRapid configuration of environments for development increasing agility of development environment.
Banking & Financial Markets - Cloud computing is transforming all aspects of enterprise IT
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Despite today’s economy, competition continues to invest
. . .from 45 days to less than 20 minutes. . .
Citigroup slashed server provisioning times for its 20,000 developers via IBM’s Private SmartCloud, speeding development cycles and allowing the bank to put new features and enhancements in the hands of customers more rapidly. Business problem: Citigroup needed to dramatically reduce time to market,
radically improve operational efficiencies and make the bank’s 20,000 developers more productive
Solution: IBM built a private SmartCloud using IBM lifecycle services management software solutions. It simplified self-service requests plus automated provisioning and internal chargeback capabilities
“The doors have just been opened. Certainly people who are provisioning virtual machines or requesting virtual machines for development are moving to this as soon as they know it’s available. It’s just a North American initiative right now, but we’ve got people around the world knocking on the door.” – Citigroup vice president
“The doors have just been opened. Certainly people who are provisioning virtual machines or requesting virtual machines for development are moving to this as soon as they know it’s available. It’s just a North American initiative right now, but we’ve got people around the world knocking on the door.” – Citigroup vice president
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Cloud computing changes the way we think about security
Private cloud Public cloud.
Hybrid IT
− High multi-tenancy and data separation
− Image management and compliance
− Security of the virtual / hypervisor layer
− Virtual network visibility
− Need for Service level agreements (SLAs)
− Provider responsibility for infrastructure
− Customization of security controls
− Visibility into day-to-day operations
− Access to logs and policies
− Applications and data are publically exposed
Changes in Security and Privacy
In a cloud environment, access expands, responsibilities change, control shifts, and the speed of provisioning IT resources increases - greatly affecting all aspects of security
While the security concerns are often shared across the different cloud models the responsibility changes from consumer to provider and this can present unique challenges.
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Minimizing the risks of cloud computing requires a strategic approach
Define a cloud strategy with security in mind Identify the different workloads and how they need to interact. Which models are appropriate based on their security and trust requirements and the systems
they need to interface to?
Identify the security measures needed Using a methodology such as the IBM Security Framework helps clients measure what is
needed in areas such as governance, architecture, applications and assurance.
Enabling security for the cloud Define the upfront set of assurance measures that must be taken. Assess that the applications, infrastructure and other elements meet the security
requirements, as well as operational security measures.
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IBM Cloud Security helps customers regain visibility and control
IBM is the only vendor with products, services and expertise to secure critical dimensions of cloud - spanning users, data, applications and virtualized infrastructure.
Enterprise-class security across all cloud domains
Visibility into the security of cloud environments
Secure access to cloud applications
Data protection for in motion and at rest.
Threat and vulnerability management solutions for applications and infrastructure.
Services specifically designed for securing the cloud
End-to-end coverage for securing private, hybrid and public clouds.
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IBM’s breath of experience and security capabilities are being applied to all cloud adoption patterns
Different security controls are appropriate for different cloud needs - the challenge becomes one of integration, coexistence, and recognizing what solution is best for a given workload.
Cloud Enabled Data Center
Business Solutions on Cloud
Cloud Platform Services
Cloud Service Provider
Only vendor in the market with end-to-end coverage of the security foundation
6K+ security engineers and consultants
Award-winning X-Force® research
Largest vulnerability database in the industry
Only vendor in the market with end-to-end coverage of the security foundation
Cloud Computing Reference Architecture (CCRA) overview diagram defines basic elements of any cloud service environmentThree main roles: Cloud service consumer, provider and creator whereas multiple roles can be fulfilled by the same organization/personOffered cloud services, required Management services (CCMP) and underlying infrastructure are defined.Next level of drill-down defined for each architectural element
Common Cloud Management Platform (CCMP) is one element of the overall cloud computing reference architectureDefines operational and business support services commonly needed for delivering and managing any cloud service (I/P/S/BPaaS)Doesn’t imply a single, monolithic implementation of a CCMP. CCMP is typically implemented by a well-integrated set of mgmt products