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Monday, October 16, 2017

Securing Legacy IT Systems from Modern Application Threats in the Financial Sector

The rhetoric surrounding mainframes and their uses in modern enterprises tends to be largely negative. Mainframes are seen by many as outdated legacy IT systems that are, or will be, obsolete in the near future as businesses increasingly move to the cloud.
However, these notions are one-sided. The reality is that mainframe computing remains alive and well within many infrastructure-critical industries, including some of the largest organizations in the world. It’s reported that 71 percent of Fortune 500 companies still run much of their core business on a mainframe. And for a number of reasons, reliance on these “legacy” IT systems remains particularly strong in the financial services sector, with 92 percent of the top 100 banks continuing to use mainframe computing.

https://blog.fortinet.com/2017/10/13/securing-legacy-it-systems-from-modern-application-threats-in-the-financial-sector

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