Google Cloud BrandVoice: Why The Cloud Is The Safest Bet For The Financial Services Industry

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Upending traditional ideas about securing financial data brings a wealth of possibility. Bryson Koehler, Chief Technology Officer at Equifax, explains why.

For the sake of making our customers’ lives better, it’s time for financial services to rethink our fears about the cloud and recognize that it may in fact be the safest bet for our data.—I’ve always had a passion for leaving things better than I found them. This has served me well in my career, but it reached a new poignancy when I joined Equifax after the data breach in 2017. A data breach is an awful event for any organization, not to mention the end users or customers impacted by it.

We’re continuously deploying new capabilities to the cloud. This not only helps product innovation, but it also helps us drive innovation to continuously enhance security. For example, many IT teams have started using machine learning to automatically detect threats by finding inconsistencies. This means that they are prepared not just for the threats that they know exist, but they have the tools to start combatting new, unknown threats before real damage can be done.

 

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