DevOps Articles

Why Zero Trust for Mainframes Is a Financial Institution Imperative

https://www.linkedin.com/in/christophertperry2/ Mainframe computers continue to form the backbone of financial service IT operations. https://www.reuters.com/article/us-usa-banks-cobol/banks-scramble-to-fix-old-systems-as-it-cowboys-ride-into-sunset-idUSKBN17C0D8 approximately $3 trillion in transactions every day, a number that likely understates the impact of mainframes in financial services because it counts only transactions using COBOL.

According to a recent https://www2.deloitte.com/us/en/pages/consulting/articles/hello-mainframe-our-old-friend.htmlDeloitte, 91% of executives at firms that rely on mainframes identified the expansion of their mainframe footprint as a major priority in the next 12 months.

The reality is that all mainframes today run Unix System Services with the same Linux-based capabilities and tools familiar to hackers.

To secure their mainframes and remain resilient, financial services firms need to move to a modern Zero Trust architecture, defined by its “Never trust, always verify” mantra.