Financial services sector to face ransomware challenges for another two years

Financial services firms who want to erase their vulnerability lag in less than a year will need to invest an additional $2.61 million and recruit 29 more IT employees. $2.61 million is 5% higher than the average required across all industries, given that they already spent 19% more on IT efforts last year than their peers.

Barclays opts HPE GreenLake for private cloud platform

“With HPE GreenLake we’re building a cloud platform that will enable the agility and operational performance needed to achieve this ambition while providing a modern economic model for private cloud,” said Craig Bright.

Red Hat supports BSS Oman power blockchain innovation

BSS offers blockchain solutions, services, and consulting that allow businesses to leverage common digital ledger platforms to record transactions and track assets in distributed networks, resulting in lower operational costs and higher efficiencies.

New brand rabbit leaps into the UAE

Dr. Adnan Chilwan said: “rabbit is focused on millennials, the digital natives and the tech-savvy generations. Connected rabbit-teers will enjoy a unique, fun-filled experience never before witnessed in the region. The idea behind the brand rabbit, is to demystify finance, make it simple, and provide a journey that would leave a smile in the face of our adopters.”

Arab National Bank boosts digital banking with Red Hat’s open hybrid cloud platforms

As ANB embraces cloud-native apps, security is a top priority. Red Hat OpenShift has built-in container isolation features as well as other security features like runtime observability, authentication, authorization, and encryption, and using Red Hat Enterprise Linux across its environment allows ANB to benefit from the industry’s leading enterprise Linux platform’s innovation, security capabilities, and consistency.