How Banks Can Insulate Against Systemic Failures Like the AWS Outage
This Financial Brand article examines how banks can build stronger resilience against large-scale cloud outages through redundancy, multi-cloud design, and strategic planning. Connect with Verge Innovation to explore how to enhance your organization's cloud continuity strategy.
What caused the recent AWS outage?
The AWS outage was caused by disruptions in Amazon Web Services' cloud services, which impacted many essential online services, including those used by banks and fintechs. This incident highlighted the fragility of the internet and the increasing frequency of such outages.
How can banks protect themselves from outages?
Banks can implement several strategies to enhance their resilience against outages. This includes participating in organizations like the Financial Services Information Sharing and Analysis Center (FS-ISAC) for cyber intelligence, utilizing backup systems through initiatives like Sheltered Harbor, and ensuring redundancy in their operations to recover quickly from disruptions.
What regulatory changes are needed for better cybersecurity?
Regulatory reforms should focus on creating a more collaborative oversight process that involves industry executives and their expertise. This approach would enhance the quality of regulations and strengthen the cyber defenses of financial institutions, addressing the evolving risks posed by new technologies and cyber threats.
How Banks Can Insulate Against Systemic Failures Like the AWS Outage
published by Verge Innovation
Verge Innovation anticipates change and solves IT challenges with the agility organizations need to thrive. With a proven track record of successful technology implementations, our seasoned consultants deliver results-driven solutions spanning cybersecurity training, managed services (MSP), cloud modernization, eLearning design, Salesforce solutions, and data analytics.
Our offerings enable organizations to:
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Build resilient IT infrastructures that scale with growth
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Deliver immersive training programs that boost workforce readiness
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Streamline operations through cloud and process automation
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Enhance business intelligence and decision-making with actionable data
We partner with organizations of all sizes — from fast-paced startups to public-sector agencies and established enterprises — reshaping IT operations into future-ready practices.
At Verge Innovation, we’re not just a vendor; we are the transformative force in your IT and training journey.
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