Developments like those in artificial intelligence and quantum computing could pose new challenges for customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and others. As organizations look to keep up with these changes, they need a solution designed to meet the unique needs of their industry. Here's how IBM Cloud Object Storage supports customers' goals and addresses these new challenges.
1. Adopt the industry framework for security and compliance
IBM Cloud Object Storage is a cloud service for storing large amounts of data. It provides security and data durability, as well as immutable data retention control and auditing capabilities – ideal for supporting IBM Cloud's goals of supporting customers with resiliency, security, compliance, and performance goals. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services, which is designed to help customers focus on their security and compliance postures. The framework was developed by leveraging the collective intelligence of the IBM Financial Services Cloud Council – a network of more than 140 IT managers, CTOs, and financial services risk and compliance officers. Only ISV and SaaS providers that have been verified to be compliant with the framework are eligible to bid on IBM Cloud for Financial Services. By meeting the requirements of the IBM Cloud Framework for Financial Services, IBM Cloud Object Storage has been validated to be compatible with the IBM Cloud Framework.
2. Addressing the evolving regulatory landscape
In response to the evolving regulatory landscape, government agencies have imposed stringent data retention requirements. IBM Cloud Object Storage supports data retention by making it immutable at the storage layer, protecting it from tampering or tampering. This level of secure retention is not only beneficial to banks and other financial institutions, it can also be key to cyber vaults and cyber recovery strategies to defend against advanced threats such as ransomware attacks, and is broadly compatible with data protection ecosystems.
3. Support compliance and audit objectives
Compliance and accountability are critical in regulated industries. IBM Cloud Object Storage is a storage capability designed to help customers address their security and compliance needs. Examples of security capabilities include encryption and key management, detailed access restrictions, activity and access logging, and continuous monitoring of these controls as well as workloads using IBM Cloud Security and Compliance Center. This platform is a suite of modern cloud security and compliance solutions designed to help organizations mitigate risk and protect data across their hybrid and multi-cloud environments and workloads.
4. Create space for artificial intelligence
Organizations are beginning to realize the benefits of AI and implementing technology to support it. However, implementing AI at scale can be a difficult process, especially when one takes into account the challenges related to data processing required for AI models. IBM Cloud Object Storage manages data files as highly flexible and durable objects. This type of data management makes it an ideal solution for organizations to scale AI workloads.
5. Use secure quantum cryptography
It is becoming clear that this is the “quantum decade,” where practical quantum computing solutions could impact computing strategies across industries. But it may also profoundly change how we secure the fabric of our digital data through encryption. We have seen that organizations are already considering how to upgrade their cybersecurity to prepare for this new computational era of crypto-related quantum computers. By using quantum secure algorithms available now, customers can help secure their data sent to the IBM Cloud against threats such as collecting encrypted data sent over the Internet now to be decrypted later, when cryptographically relevant quantum computers are available.
