- January 8, 2022
- Posted by: Bastion team
- Category: World News
Before the pandemic, the financial sector was well known for its slow technology adoption, mainly due to legacy concerns over data security online and in the cloud. But the pandemic and its accelerant effect on remote and flexible working have forced this to change, with remote access to data now pivotal to day-to-day operations. In addition, the recent announcement of new laws set to be introduced to protect flexible working and further laws to offset the limited use of cloud providers means the discussion around network security has never been so crucial, especially for the financial services sector. Together this has given way to a renewed focus on network transformation.
Digital transformation has spurred a growing demand of ‘next-gen networks’, which are more often than not built on the cloud. Digitally transforming the network infrastructure is therefore crucial to maintaining critical business growth. As this long-overdue innovation in the Financial Services (FS) sector has begun to accelerate, conversations about regulation and legislation have come to the fore. A welcome development for such a high-priced and data-sensitive industry.
Turning to network security
The introduction of new laws that will protect employees’ rights to request flexible working from their first day in a new a job, is imminent. This will mean the FS sector, which relies heavily on third-party cloud services to deliver applications and infrastructure to remote…