In the dynamic landscape of financial services, data is not just currency; it's the key to innovation and operational excellence. Data is constantly streamlining from devices, logins, transfers, transactions, and much more, and it’s bound to increase with an ongoing reliance on digital channels. This creates a massive opportunity and responsibility for financial institutions, as their customers (and regulators) demand more from banking providers.

We’ve been talking about digital transformation for years (or even decades?), but the pace of evolution is now being catapulted forward by AI. This rapid change and innovation creates and relies upon exponential data sets. And while technology is rapidly evolving to manage and maintain these massive data sets, legacy pricing models based on data ingest volume are lagging behind, making it economically unsustainable.

In the ever-evolving landscape of digital business, security is paramount. As businesses navigate the complexities of today's interconnected world, ensuring the safety of sensitive data and maintaining the integrity of operations becomes a top priority. Partner with Airtel, a trusted leader in telecommunications, and explore the cutting-edge Airtel Managed Security Services, fortified by the robust Elastic Security stack.

With authentication, you can face serious consequences if you follow the old motto, “if it ain’t broke, don’t fix it.” From applications to APIs, authentication tells you whether the person or technology accessing a resource is legitimate. In 2017, the Open Worldwide Application Security Project (OWASP), identified broken authentication as #2 on its list of Top 10 application security threats.

Elastic® introduces Elastic AI Assistant, the open, generative AI sidekick powered by ESRE to democratize cybersecurity and enable users of every skill level. The recently released Elasticsearch Relevance Engine™ (ESRE™) delivers new capabilities for creating highly relevant AI search applications. ESRE builds on more than two years of focused machine learning research and development made possible through Elastic’s leadership role in search use cases.

Comprehending and effectively addressing cybersecurity threats is paramount to organizational security. As artificial intelligence continues to evolve, how companies respond to cybersecurity threats and how they take proactive steps to mitigate them will factor heavily into profitability, reputation and long-term success.

As of August 2023, only 3 out of 23 US government agencies were compliant with Office of Management and Budget (OMB) requirements for log management and security observability. These requirements are outlined in M-21-31, a 2021 memorandum that was issued following Executive Order 14028 on improving national cybersecurity. Until all of these agencies implement the new requirements, the federal government’s ability to fully detect, investigate, and remediate cybersecurity threats will be constrained.

We recently spoke to a focus group of security professionals, software engineers and developers for a discussion on DevSecOps. We’ve quoted a few of them throughout this article.

In the wake of recent cyber attacks against US water utilities, the vulnerability of local entities dependent on operational technology (OT) has been starkly highlighted. This danger was further emphasized last week when Congress held a hearing titled Securing Operational Technology: A Deep Dive into the Water Sector. Witnesses at the hearing painted a stark picture of the significant cybersecurity risks facing small utility companies today.

Application Programming Interfaces (APIs) are the backbone of modern software development, enabling seamless communication between various systems and services. As organizations increasingly rely on APIs to power their applications and services, the need for robust API management and monitoring solutions becomes paramount. Capturing API calls and gaining insights into their behavior can significantly enhance the development, troubleshooting, and security of APIs.