In today's hyper-connected world, most of us now take care of our daily tasks with the help of digital tools, which includes online banking. Whether we're reviewing our account balances, transferring money, applying for payment cards, or simply paying our bills, banking has become more digital, and requires financial firms to adapt to this new world of transacting business. This adaptation has seen EU-based financial firms adopting and relying more heavily on cloud services.

Security Information and Event Management (SIEM) systems are essential for protecting IBM AS400 systems in the financial industry. These systems are designed to collect, analyze and correlate log data from various sources, including servers, network devices, and applications, to identify security threats and compliance violations.

The California Privacy Rights Act (CPRA) is a privacy law that was passed in California in 2020. It strengthens the security standards of the California Consumer Privacy Act (CCPA), making California's consumer privacy laws more aligned with the General Data Protection Regulation (GDPR). The CCPA gives California residents the right to know what personal data is being collected by companies and whether it will be sold or disclosed to other parties.