Jul 8, 2020

Rapid7: How can CISOs embrace the cloud?

Fintech
Cybersecurity
Cloud
Technology
Evelyn Howat
2 min
Rapid7: How can CISOs embrace the cloud?
Chief information and security officers should be embracing cloud computing wisely rather than fearing it, says Rapid7...

Rapid7 recently released a free guide, ‘The Cloud: How CISOs Can Embrace It (Wisely), Not Fear It’ that details the benefits of cloud computing, describing it as “one of the great transformational shifts in corporate information technology”. However, drawbacks remain: cloud may allow businesses to manage their IT needs in countless new ways - some of them great, but some of them terrible. Rapid7 says this is what some CISOs fear. 

 

The report says for a CISO to embrace the cloud fully and wisely, then, he or she needs to master two roles:

  1. They must participate as part of the team that evaluates cloud providers—bringing the proper security expertise to the finance and business executives eager to use the cloud.
  2. The CISO in question must also know how to evaluate the security of cloud services.  

The guide discusses the importance of collaboration that will drive all decisions to use the cloud in the organisation, or in other words: “harmonising the three voices”. The operations team that has a specific need it wants to solve via the cloud; the finance team that wants to weigh the costs and savings; and the security team concerned about risks.

One of the main takeaways from the guide is on the topic of asking the right questions, this section is packed with useful information, and of course questions you need to be asking.

“While you certainly need to collect a lot of information and ask some pointed questions for a thorough evaluation, it’s helpful to start the assessment with simple open-ended questions that illuminate the provider’s approach to security.”

About Rapid7

Rapid7 is trusted by IT and security professionals around the world to manage risk, simplify modern IT complexity, and drive innovation. Its analytics transform today’s vast amounts of security and IT data into the answers needed to securely develop and operate sophisticated IT networks and applications. Rapid7 research, technology, and services drive vulnerability management, penetration testing, application security, incident detection and response, and log management for more than 6,200 organizations across more than 110 countries, including 38% of the Fortune 1000.

Download ‘THE CLOUD: HOW CISOS CAN EMBRACE IT (WISELY), NOT FEAR IT’ free here.

Rapid7 was featured in June’s edition of FinTech Magazine which can be read here. 

Share article

Jun 16, 2021

BME and BBF Fintech to stage sustainable finance hackathon

Fintech
hackathon
BME
Insurtech
2 min
BME and BBF Fintech launch the first international edition of Hack & Disrupt!

The first hackathon focused on the fintech and insurtech world at an international level, concentrating on sustainable finance, will be hosted in Bilbao.

The ‘Hack & Disrupt!’ event will take place on 25, 26 and 27 June, and is organised by BME and BBF Fintech. The event aims to bring together companies, entrepreneurs and startups to solve global technological challenges as a team. 

The event, which is sponsored by BBK, Plaza Financiera Bilbao and SIX's startup accelerator, F10, wants to connect entrepreneurs and businesses to re-imagine finance and insurance through digitalisation. The challenges that participants will be facing are geared towards innovation and sustainable finance. 

Due to the pandemic, the event will be held in a hybrid format, combining a face-to-face part, at the BBF Bilbao Berrikuntza Faktoria, and through a technological platform, which will feature different stands, chats and workrooms. The opening and closing ceremonies, as well as various panels related to the entrepreneurial world and the fintech and insurtech ecosystem, will be streamed from the platform.

What will happen at the event?

 

The opening will reflect on innovation in the securities markets and then afterwards there will be a panel discussion on sustainability. Challenges will be introduced on Friday evening, and the teams will start working on their resolution until Sunday 27th. Saturday 26th features presentations by several experts, including Berta Ares, General Manager of BME Inntech, and Manuel Ardanza, Chairman of the Bilbao stock exchange.

The winners, which will be announced on Sunday, will be eligible for three prizes: a prospection trip to Switzerland, where they will be able to get to know its fintech ecosystem in detail, the possibility of participating in the incubation Programme and in BBF Fintech’s II Open Innovation Programme, the public-private fintech incubator promoted by Bizkaia’s provincial council, Bilbao’s City Hall, the University of Mondragón and Dominion, as well as direct access to the final interview to participate in the F10 incubation and acceleration programme.

Javier Hernani, CEO of BME, believes that BME's presence at this event reaffirms the company's commitment to digitalisation, innovation and the promotion of SMEs and disruptive startups, which adds to other initiatives, such as the Pre-Market Environment. "Today's startups can be tomorrow's stock market blue chips," he stated. “We also reiterate our support for Bilbao as an innovative financial centre, where BME closely follows the entrepreneurial ecosystem”, he added.

Share article