Banking, investment management and FinTech have constantly committed to technology upgrades, data analytics and differentiated product choices within an more and more competitive and evolving investment landscape. A current Accenture survey found 90% of banking respondents proclaiming that cloud enables and accelerates innovative adoption. Of individuals surveyed, 60% say cloud-based entrants will challenge traditional companies shackled through the limitations of the on-premises agility, storage, and computing abilities.
Western Asset Management (WAM) is presently exceeding expectations regarding innovation inside a highly competitive market. The “active” investment management industry that WAM services involves constantly managed funds and portfolios, time-sensitive transactions and decision-making based on fast-altering market conditions. With a number of options available, clients expect compressed charges with regards to managing their cash.
By embracing an agile development process and moving DevOps towards the cloud, WAM’s application delivery continues to be transformed for application deployment and product. Several years ago, when the risk management team desired to develop and test new risk models or algorithms, groups of hardware, networking also it sources will have to be scheduled. Now, within the cloud, instances could be spun up in the push of the mouse, and sandbox environments for testing purposes could be produced and destroyed instantly before pushing to production.
Managing security, risk and regulatory compliance can be tough within an agile, dynamic cloud atmosphere. Western Asset Management’s DevOps and security teams accepted the competitive challenges, understanding the requirement for a properly-architected, cloud-native security solution.
We lately sitting lower with David Pace, who accounts for Global Information Security at Western Asset Management (WAM), a set-earnings investment firm as well as an independent affiliate of Legg Mason, managing funds exceeding $420 billion across nine offices worldwide. The difficulties they faced being an organization moving towards the cloud were eliminating risks, discovering when users misconfigured cloud sources, and alerting for threats on the network-level within their public cloud atmosphere.
The first deployment of Prisma Public Cloud (formerly RedLock) gave WAM immediate understanding of their environments, for example identifying administrator accounts without multi-factor authentication (MFA) enabled. They could better approach cloud peace of mind in a competent, scalable manner. Rather of counting on outdated manual ways of getting log data into systems to evaluate, they are able to now depend on Prisma Public Cloud to recognize, prioritize and pinpoint where risks exist and mitigate them as quickly as possible.
Pace and the team discovered three major benefits throughout their look at Prisma Public Cloud:
- Effective security governance abilities
- Out-of-the-box compliance and auditing features
- Unparalleled network visibility
His team presently has visibility to their entire cloud infrastructure, letting them see and recognize threats which are targeting their cloud atmosphere in the outdoors, in addition to threats that could be via inside their cloud atmosphere heading out. Pace presently has a 360° look at his atmosphere in a single centralized interface where he and the team can run reports in addition to issue and process alerts in tangible-time for you to remediate any problems that may arise.
“Our senior IT management has the arrogance now within our cloud team having the ability to leverage Prisma Public Cloud for that compliance, security governance, auditing and network visibility that people get. The Return on investment just been immense - allowing our business to operate faster, and much more efficiently by leveraging new cloud services - that previously we might not have had the ability to secure correctly.” - David Pace, Global Information Security at WAM
WAM’s future plans with Prisma Public Cloud are mainly centered on expanding the combination across multiple cloud platforms. Initially deployed on AWS, WAM’s DevOps teams intend to expand to Microsoft Azure and Google Cloud Platform. Getting the opportunity to leverage Prisma Public Cloud across their multi-cloud atmosphere can give Pace and the team one holistic view regarding what’s happening and assist them to precisely assess risk.
For organizations moving towards the cloud or searching to consider cloud-computing technologies, Pace recommends leveraging an item for example Prisma Public Cloud that gives visibility to their cloud atmosphere for comprehensive user auditing, compliance reporting, and identification of dangerous behaviors or misconfigurations. Considering that, organizations can be assured their public cloud environments feel at ease. With Prisma Public Cloud, users will gain actionable insights, combined with the confidence that any threats that could promote themselves could be pinpointed and remediated rapidly.
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