"IBM to Work With Nonprofit on Cloud Security Framework for Financial Services"

IBM has announced its collaboration with the Cloud Security Alliance (CSA) to strengthen a financial services cloud security architecture. IBM's Cloud Framework for Financial Services has been mapped to CSA's Cloud Control Matrix (CCM), allowing organizations adopting CSA's controls to use services or conduct business with Software-as-a-Service (SaaS) providers on IBM's platform. Jim Reavis, the CSA's CEO, stated that as global regulations continue to evolve, it is crucial for all organizations to adhere to changing requirements while operating in a secure cloud environment, but this is especially important for highly regulated industries such as the financial services industry. IBM has emphasized the importance of establishing a highly secured hybrid, multi-cloud architecture that enables organizations to host workloads wherever they are running. According to Shira Shamban, CEO of Solvo, it makes sense for IBM to develop specific frameworks for the financial services industry because the financial sector is typically the first to implement security and compliance technology. This article continues to discuss the new collaboration between IBM and CSA to bolster a cloud security framework for financial services.

SC Media reports "IBM to Work With Nonprofit on Cloud Security Framework for Financial Services"