Category Archives: Skyhigh Networks

Skyhigh Networks opens European data centre to resolve Safe Harbour fears

datacentreCloud security vendor Skyhigh Networks has opened a new data centre in Germany as it moves to strengthen its support of European customers and multi-nationals.

The Frankfurt facility is a response to increasing demand for data localisation within Europe, which has been stoked by the recent Safe Harbour ruling by the European Court of Justices.

In October BCN reported how a Court of Justice of the European Union (CREU) ruling puts many companies at risk of prosecution by European privacy regulators if they transfer the data of EU citizen’s to the US without a demonstrable set of privacy safeguards.

The 4,000 firms that transfer their clients’ personal data to the United States currently have no means of demonstrating compliance to EC privacy regulations. As the legal situation currently stands, EU data protection law says companies cannot transfer EU citizens’ personal data to countries outside the EU which have insufficient privacy safeguards.

The new data centre will use a Hadoop cluster to analyse traffic analysis and identify and report on the risk of cloud services. It will provide interception, inspection, encryption and decryption services. The system will also run anomaly detection, reporting and data leak prevention services to secure SkyHigh’s clients’ cloud services.

SkyHigh said the new data centre gives customers a choice over where their data is processed and better performance in addition to privacy and sovereignty. The data centre is on a site owned and managed by European employees.

“We are delighted that Skyhigh Networks has opened a data centre in Europe,” said David Cahill, Security Strategy and Architecture Manager at AIB, a bank with 2.6 million customers and 14,000 employees. Cahill said that conforming to existing European data protection laws and the General Data Protection Regulation expected in 2016 need to be taken “very seriously”.

Salesforce doubles down on financial services

Salesforce is doubling down on financial services firms

Salesforce is doubling down on financial services firms

Salesforce is previewing a cloud platform tailored specifically to the needs of financial services professionals. The move comes the same week research reveals the average financial services firm uses over 1,000 cloud-based applications.

The cloud platform adapts Salesforce’s popular CRM platform to the financial services sector, and includes tools that enable financial services advisors to collaborate and communicate directly with their colleagues and clients.

Salesforce also said the platform, which was designed with the help of AIG Advisor Group, Northern Trust and United Capital, will integrate with tools created by other ISVs including companies that cater to financial services specifically (Advisor Software, Informatica and Yodlee for instance).

“Today’s investors want a much different relationship with their advisors than their parents had,” said Simon Mulcahy, senior vice president and general manager of financial services, Salesforce. “They want someone who understands them and engages them on their terms. Salesforce Financial Services Cloud sets advisors free from administrative tasks and gives them the modern tools they need to supercharge their relationships.”

The platform is in preview currently, with an initial release scheduled for February 2016.

The move comes the same week research from Skyhigh Networks shows cloud services uptake in financial services firms is at an all-time high.

According to the firm, which aggregated data of 3.7m employees at banks, insurance companies, credit card companies and investment funds worldwide, the average financial services firm uses 1,004 cloud services, with cloud-based collaboration platforms looking to be the most popular type of app deployed; the average financial services employees uses 31 distinct cloud applications.