Computer Weekly reports that the IBM Cloud for Financial Services public cloud environment has been released for general availability. Specially designed to address the regulatory and technological needs of organizations in the financial services sector, and developed in collaboration with the Bank of America, Luminor Bank, MUFG and other financial groups, the new cloud environment is expected to “help reduce the risk for financial institutions, their partners and fintechs, and innovate quickly with built-in controls that are adhered to by the entire ecosystem,” IBM said in its release. “With a focus on data security delivered with IBM’s confidential computing and sophisticated encryption capabilities, we aim to reduce risk in the supply chain for banks, insurers and other financial services industry players,” said Howard Boville, head of the company’s IBM Hybrid Cloud Platform. The company recommends that users of the IBM Cloud for Financial Service platform to use it for hosting their VMware-based virtual machine workloads as well as create new, cloud-native applications using Red Hat Openshift.
Jill Aitoro leads editorial for SC Media, and content strategy for parent company CyberRisk Alliance. She 20 years of experience editing and reporting on technology, business and policy.
Washington, D.C.'s Department of Insurance, Securities and Banking has disclosed that 800GB of data claimed to have been stolen by the LockBit ransomware operation was obtained from an attack against third-party software provider Tyler Technologies following the ransomware gang's threats to expose 1GB of the exfiltrated data to coerce the agency into providing the demanded ransom, reports The Record, a news site by cybersecurity firm Recorded Future.
Organizations could have their sensitive information compromised through a high-severity vulnerability in Google Cloud, Azure, and Amazon Web Services command line interface tools dubbed "LeakyCLI", The Hacker News reports.