The banking landscape is changing. The days of walled garden banking where customers can’t see or access information from all their financial institutions in one place are coming to a close. For banks, and the entire financial services industry, open banking isn’t a threat but a customer service opportunity. Instead of putting barriers between customers and their financial information at other institutions, banks can offer value-added insights across accounts and institutions.

If anyone has benefitted from the pandemic, it has been cyber attackers. As businesses expanded their investment in cloud resources and other IT resources in response to the pandemic, cyberattacks also dramatically increased. Businesses reported 445 million cyberattack incidents in 2020, double the rate for 2019. It didn’t have to be this way. With stronger threat intelligence solutions in place, many of the security incidents of 2020 could likely have been averted.

Detecting when an unauthorized third party is accessing your AWS account is critical to ensuring your account remains secure. For example, an attacker may have gained access to your environment and created a backdoor to maintain persistence within your environment. Another common (and more frequent) type of unauthorized access can happen when a developer sets up a third-party tool and grants it access to your account to monitor your infrastructure for operations or optimize your bill.

As businesses become increasingly digital, IT operations now deal with more extensive and more complex data than before. Traditional tools and strategies might no longer be enough to help them cope with their growing workload. Hence, many organizations are tuning in to the various AIOps trends available. AIOps is short for Artificial Intelligence (AI) for IT Operations. This is where they use Machine Learning(ML) to enhance and automate IT functions.