In this, the second of three blog posts, we continue to examine the issues discussed in our recent webinar, “Software and Application Security Challenges and Opportunities in Banking.” In the webinar, Rhys Arkins, Mend’s VP of Product Management, was joined by James McLeod, Director of Community of the Fintech Open Source Foundation (FINOS); Kate Stewart, VP of Dependable Embedded Systems at the Linux Foundation; and Amol Shukla, Executive Director of Engineering at Morgan Stanley, to

The Devices: Allow undock without having to log on setting on laptops and computers is extensively used to provide people with the convenience of undocking their systems without having to log on repeatedly. This comes in handy for portable devices that need to be undocked from the docking station multiple times. You can just hit the eject button and safely get your laptop away from the docking station.

Before the software is launched, it’s tested with several tools and software applications to identify bugs. “Debugging” is the process of finding and resolving errors in software or computer systems. A “debugging program” or “debugger” is a tool that helps developers identify and fix errors in their code.

Adopting cloud technologies is one of the most common tech strategies followed by modern organizations. This may be due to various reasons depending on the nature of the business. But there are a few standard components that span across most domains, not least the fact that cloud vendors allow developers to easily create and take down resources on the cloud with minimal effort.

The banking and fintech industries live and die on the reliability of the online services they offer. It’s vital that the sensitive data that the industry handles is robustly protected, and that the software and applications that it uses are secure. For effective software and application security, it’s critical that banking and fintech organizations rapidly detect, identify, and remediate software vulnerabilities.

I predict that 2023 will be the year of Passkeys. Passkeys are a new passwordless authentication method allowing users to create online accounts and sign in without entering a password. Passkeys have been years in the making and finally, industry fido alliance collaboration (fido2) and the adoption between Apple, Microsoft, and Google have now made it a reality. Passkeys leverage the WebAuthn API to let users log into various websites and applications.

Google Cloud Provider (GCP) Filestore is a good place to keep lots of rich, unstructured data, such as graphic designs, video editing files, and other media workflows that use files as input and output. Having GCP Filestore backups enables users to protect themselves against the rare case of inaccessibility, accidental changes, ransomware attacks, or other types of disasters.

A shared object refers to the code, which is shared across different programs instead of being replicated manually for each program. Here, the permanent shared objects are the codes that are bound to remain active in the system’s memory even after the program is over. The main purpose of creating the permanent shared objects is to ensure that these codes are stored in the memory and can be re-used multiple times as and when required.