Application Modernization – Why is it a must for your business?

Application modernization is the process of repurposing, restructuring, or consolidating existing business applications to better match their requirements with those of the market and its competitors. A legacy app can be made more modern by upgrading its technology stack, improving its application architecture, moving to a new, more current platform, or simply adding cutting-edge functionality using edge technologies.

The majority of firms believe that modernizing applications is only necessary for organizations using outdated legacy systems. However, it is a presumption that needs to be disproved to confine modernization to legacy apps.

Applications that are out-of-date or on the approach of expiring cannot be the only ones that are modernized. Even a recently developed enterprise application might be seen through a more contemporary and futuristic lens. It makes sense that today’s freshly released enterprise systems are also aiming for digital transformation by developing into next-generation apps or augmenting into business- and customer-centric processes and applications that use AI and VR.

It makes sense that the market for application modernization services is expected to increase from $11.4 billion in 2020 to $24.8 billion in 2025. Undoubtedly, it is now a top issue for many business owners.

Still not convinced that modernizing applications is a good idea? Continue reading to learn more.

Why does your business need to modernize applications?

The term “digital transformation” has gained popularity in recent years. However, as most companies discovered the value of being digitally present to meet the needs of clients who are digitally conscious while physically distant, the epidemic increased its use. Companies moved even closer to this after Microsoft said it would “see two years’ worth of digital transformation in two months.”

However, enterprises seeking digital transformation face significant difficulty due to the monolithic design used by outdated systems. In a time when business applications were thriving in Low-Code/No-Code settings, these programs were still running on dated, heavy technologies. While more recent programs employed microservices and APIs to communicate with one another, even the smallest third-party integration for these legacy systems required complete development teams. Businesses obviously needed a makeover. Application modernization provided this, too.

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A Complete Guide to Privileged Access Management (PAM)

 A system for information security called privileged access management (PAM) protects identities with privileged access or skills above and beyond those of regular users. PAM functions through a combination of people, processes, and technology.

Due to the privileged risk accounts pose to the technological environment, we handle them cautiously. For instance, if someone were to misuse the administrator or service account credentials, the organization’s systems and private information might be compromised. Threat actors compromising privileged access accounts cause data breaches. We need to add more levels of security because, in a technological environment, these accounts contain the keys to unlock every door. A solution for Privileged Access Management provides further security.

What does Privileged Access Management Do?

A crucial security measure is privileged access management, which makes it easier for enterprises to define, track, and manage privileged access across all of their IT systems, applications, and infrastructure. In order to provide people only the access they require, PAM solutions impose the least privileged access and centralize management of administrator roles.

Technical restrictions limit access to only authorized users and can make use of better authentication techniques, thus privileged access management technologies reduce the need to share passwords. By upholding the principle of least privilege, which demands that users only have the access necessary to perform their job functions, it also fights insider threats and privilege abuse. Superusers with unlimited access can be removed by tying access to job positions and consequently, individual accounts. For high-risk servers, these technologies might additionally demand additional authorization, boosting security. Finally, user accountability is provided through privileged access management using tools like keystroke tracking.

Why Is Privileged Access Management Essential?

In order to safeguard their data and systems against unauthorized users, many businesses now place a high focus on controlling privileged access effectively. That’s because unauthorized access has the potential to damage sensitive information, reveal valuable business data, and have a negative impact on system dependability. Privileged accounts frequently offer a simple means to access a company’s platforms, networks, and systems. Additionally, given the recent significant upheaval in the workforce, they create a significant opportunity for threat actors.

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3 Reasons Why Community Cloud Is The Cloud Of The Future

In its initial days and forms, cloud services were industry neutral with horizontal offerings. It was for everyone, similar to any other public service like electricity or water, hence classified as Public Cloud. But, the scenario is rapidly changing, and what we see now is the future of the cloud with an industry-specific list of required services and offerings.

For the time being, the further progress of the cloud will depend on the ability of cloud technologies to adapt to and apply customized business requirements. This is now considered the next step to enhancing the cloud adoption process. It differs from a public, private, or hybrid cloud and is termed a community or vertical cloud.

What is Community Cloud?

A community cloud is a single, sector-specific solution that combines the advantages and capabilities of various cloud types (Banks, insurance, government, enterprise, etc.). It is also best suited for organizations working on related applications, research topics, or projects that require the same resources. A community cloud is an example of a private cloud that provides specialized infrastructure for businesses from a particular community with shared concerns about security, compliance, jurisdiction, etc. When it comes to cost-effectiveness, privacy, and security, it is the perfect answer.

1. Rising Demand for Community Cloud

Recently, we’ve seen many major Cloud Service Providers offering Community Cloud Services, whether Government Community Cloud, Banking Community Cloud, or Enterprise Community Cloud, each offering particular services for the prescribed business vertical. The key differentiators are each cloud vertical’s technical, security, and compliance tools. However, the true potential of these communities is yet to be achieved with the requirement of vertical cloud or community cloud services for emerging business verticals like IoT, Healthcare, e-Commerce, Insurance, Autonomous Vehicles, etc., as each one of these business verticals is going to have requirement of specialized tools with specific compliance configurations, security, and performance-based upon a uniform data model.

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Application Migration to the Cloud: How to get it right?

Organizations must move to the cloud if they want to increase app performance, have scalability, and be cost-effective. However, because the majority of apps are not initially created as cloud-native, moving programmes to the cloud is a challenging process. This approach is fraught with difficulties and problems, including application reworks, security holes, and unforeseen costs. To make the transition to the cloud go smoothly, substantial planning is required.

Because cloud providers offer consistent pay-as-you-go pricing, scalability, or flexibility, historically, businesses have desired to shift their applications to the cloud. They now desire conditions that encourage innovation.

What is Application Migration?

Moving software programmes from one computing environment to another is referred to as application migration. This can involve moving applications from one data centre to another, from a public to a private cloud, or from an organization’s internal server to the environment of a cloud provider.

Applications are frequently created for a single cloud platform or to function in a specific environment on a specific operating system. As a result, transferring an application to a different setting can be difficult.

Businesses may access the public cloud while maintaining the privacy of their data thanks to hybrid cloud environments, which include the characteristics of both public and private cloud environments. Companies can use the flexibility and computing power of the public cloud for straightforward and non-sensitive computing tasks, while still keeping business-critical apps and data on-site and safely secured behind a company firewall.

Even within the same environment, different apps will require various routes to the cloud.

How to create your Application Migration Strategy?

For your organization, the best application migration strategies are the 5Rs: Re-host, Refactor, Revise, Rebuild, and Replace. These 5 R’s stand for the following:

Re Host

Re-hosting is a primary step in application migration which entails moving your organization’s current apps from their on-site configuration to the cloud. The process of copying and pasting your programmes from your setup onto the cloud is what it is, in the simplest words. As you are simply moving the programme without making any alterations, this is the simplest option with the lowest risk. Because businesses do not have to worry about operational and infrastructural expenditures, this technique is also cost-effective.

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Top 10 Cloud Computing Trends for 2023

The market for public cloud services in India will grow 29.6% from 2021 to $7.3 billion by the end of 2022, predicts Gartner. Since remote working options were made possible by the pandemic of the past two years, every firm was compelled to embrace cloud platforms like never before. It paved the path for businesses to integrate cloud technologies into their operations for more flexibility in such turbulent times. Every corporation wanting business continuity, cost reduction, and enhanced future scalability must now use cloud computing.

The following are some of the biggest cloud computing trends for 2023

1. Multi and Hybrid Cloud Deployment

According to Gartner’s forecasts, more than 75% of midsize and large enterprises must have adopted a multi-cloud or hybrid IT strategy by the end of 2021. Over 90% of businesses will choose a hybrid cloud solution architecture in 2021, according to the IDC analysis, which combines on-premise, dedicated private clouds, several public clouds, and legacy platforms.

The reason is that businesses now understand that data management involves combining a variety of appropriate cloud deployment strategies rather than relying solely on one cloud platform or architecture. A lot of businesses will want more than one vendor for hybrid or multi-cloud deployment in 2023 to get the most out of each solution. A hybrid cloud architecture offers a combination of public and private clouds dedicated to a specific company whose data is their key business driver, such as insurance, banks, etc. Consequently, Multi and Hybrid Cloud Deployment will be among the top cloud computing trends in 2023 and the years to come.

2. Edge Computing

Here is a brief explanation of edge computing in case you’re unclear. In edge computing, data is stored, processed, and analyzed geographically closer to its source. Edge computing applications that process and analyze data at the network’s edge are expanding as a result of the increasing use of 5G. Greater privacy, security, speed, and efficiency are ensured by edge computing. Edge computing also allows companies to streamline operations, automate procedures, boost performance, and, most importantly, accelerate their digital transformation.

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Why being cyber resilient is a must for your business

 As the globe is getting digitally connected, corporate systems are growing more vulnerable to evolving cyber security risks. High-profile security incidents continued to dominate news headlines in 2021.

cyber resilient for your business

Notably, we saw a concerning increase in ransomware-related data breach events, which increased by 82% in 2021. Attacks on the software supply chain rose by 650% over the course of the year as malicious actors deliberately pushed upstream to disrupt systems by infiltrating open-source software.

Business executives and IT teams need to approach cyber security with the attitude that “it’s not simply an issue of if an event will occur, it’s a matter of when” as they progress into 2022.

order to keep the operation of your company from coming to a complete stop, you must also think about how your systems will react to and recover from a catastrophe and also consider outsourcing with Security insight services that shield you from probable massive damage.

The idea of cyber resilience comes into focus at this point. This article will get you details about the idea and look at various strategies you can utilize to increase the cyber resilience of your company. We’ll focus on the function of backups in developing and putting into practice your cyber resilience strategy.

What is cyber resilience?

Cyber resilience is described as “the ability to predict, withstand, recover from, and adapt to adverse situations, pressures, attacks, or compromises on systems that use or are enabled by cyber resources”

what is cyber resilience?

Consider cyber resilience as being “fit” or “primed” digitally. It involves maintaining your company’s data and devices online despite any security dangers that may arise.

Achieving true cyber resilience needs various techniques and levels of security for humans, systems, data, networks, and devices; it is not a one-dimensional or one-time effort. This tactic is frequently referred to as “defense-in-depth.”

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Cloud Data Security: How to Get it Right?

So you are prepared to shift your organizational data to the cloud because that is the need of the day. But, worried about the security risks associated with moving from on-premises to the cloud?

As every problem has a solution, cloud data security issues also have solutions. 

Cloud computing benefits organizations across multiple industries. Some are just starting their migration journey as part of their digital transformation initiatives, and others are implementing advanced multi-cloud, hybrid strategies. However, it is challenging to ensure data security in cloud computing at any level of adoption since the technology may entail unique threats.

The risks and complexities of data governance and security models must be considered when developing a process for securing and ensuring cloud data security and integrity.

The Evolving Business Environment and its Impact on Cloud Security

Organizations seeking digital transformation are investing in strengthening cybersecurity activities as early as possible. In addition, the growing popularity of remote and hybrid workplaces is causing a paradigm change in cybersecurity, altering investment priorities.

Cloud computing offers various strategies to improve resilience and provide employees with the flexibility to work from anywhere. However, many cloud services lack built-in security solutions, emphasizing the importance of data security in cloud computing. But cloud service providers like ESDS still offer the best-managed security and SOC services.

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Cybersecurity Mesh – How does it impact your business?

As digital transformation is rapidly accelerating, more businesses are adapting to this current trend. Now the hybrid work environment is also catching up, organizations are faced with new challenges as we are steering away from the traditional network infrastructure. While the hybrid work model comes with its own set of comfort, flexibility, and productivity it also brings in certain risks and complexity. A majority of the staff is working remotely, and control over data and its security has become less rigid leaving the vulnerabilities exposed. Now how to keep the security intact and not let the vulnerabilities prone to hackers? Cybersecurity Mesh, which acts as a cyber-defense strategy with a more holistic approach. While regular security practices use a single perimeter to secure an entire IT environment, Cybersecurity Mesh on the other hand secures each device with its perimeter independently. 

The traditional network perimeter has now become a diverse network that manages infrastructure, remote machines, and their uses, cloud technologies along with IoT devices. Organizations that are adapting to this approach with their remote work model gain access to data and more control over policies implementing new technologies. Industries such as banking, manufacturing, or government are still very much following the traditional practice. Businesses of larger sizes have complex IT architecture hence they need a more distributed model. To run the business smoothly in today’s competitive market organizations are inching more towards a data processing edge and relying on multiple cloud implementations.

Now that we have understood what Cybersecurity Mesh is, let’s understand its top benefits…

What is the main purpose of Cybersecurity Mesh also known as a Cyber Security Mesh Architecture CSMA for an organization?

To provide the best of cyber security it takes the approach of helping organizations evolve to the new and latest security systems rather than the outdated ones. The crucial aspects of it include increasing the operability of various security tools while improving their agility and strengthening the overall security systems. Given the market pace and unpredictability, with the help is cybersecurity mesh organizations get a more distributed architectural approach. This also helps in getting a standardized responsive security pattern. Apart from the basic important aspects such as scalability, flexibility, and more reliable, Cybersecurity Mesh also prevents the network from hackers.

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Disaster Recovery as a Service: Can Financial Services Rely on It?

Whether because of cyberattacks, natural disasters, or simple human errors, downtime can drastically impair banking operations, and financial institutions take that threat seriously.

What’s missing from most of the DR strategies? Cloud-based Disaster Recovery-as-a-Service. Until it’s too late, disaster recovery rarely gets the attention it needs in any business. In the past, the global pandemic made many companies realize their disaster recovery policies were inadequate, requiring them to adapt. A recent study found that 96% of banks and insurance organizations had a disaster recovery – DR plan in place. Among these, 86% rely on data replication, 85% make backups, and 68% create functional infrastructure designs for high availability. It may come down to outsourcing management tasks to the cloud to improve DR in the financial sector. Disaster Recovery as a Service (DRaaS) gives near-real-time redundancy to critical operations while shifting the responsibility for testing and failover to the cloud provider.

Being a financial institution, you can significantly gain from shifting to cloud-based disaster recovery as a service (DRaaS). You can test more frequently with DRaaS because testing is typically automated and unobtrusive. If you need additional assistance, the provider can package DRaaS contracts with testing services and failover assistance. Beyond increasing the frequency and ease of testing, DRaaS providers offer with the assurance of power, cooling, and physical security features necessary to maintain their data and the fact of being well-prepared to handle 

server failures and other unforeseen events. The cloud DRaaS also reduces the costs of data recovery. By leveraging on-demand pricing, financial institutions can facilitate geographic redundancy and avoid paying for computing charges until the site is activated.

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Significance of Data Fabric Solutions and Addressing the Challenges in Data Management

As data is becoming precious and gaining more importance by the hour, what are the challenges faced to ensure proper integration and security? While businesses are investing heavily in data management solutions in terms of finances, tools, and manpower, they are also exploring other ways to manage the data. With the unpredictable market landscape, businesses need a comprehensive range of solutions that can resolve issues of time, location, storage space, or any software related to data management. Since remote work has become the new normal, data accessibility from anywhere is also another requirement and safer data transport. In order to thrive in the competitive market, Data Fabric provides businesses with an efficient, more secure, future-proof unified environment solution. As security has become the biggest concern for businesses across all sectors, measures for data protection have increased. In terms of data storage, segregation, and further division as per its use at every step security is needed utmost. With data fabric in consideration, security is ensured with ease of access and management.

Advanced technology such as the Internet of Things (IoT), Artificial Intelligence (AI), development, and progress in the cloud spectrum with hybrid cloud, edge computing, and other cloud computing solutions have gained much success over the past decade. The overall cloud sector itself has seen remarkable growth, especially since the pandemic, and has promising figures for the future. With all this, the rise of big data has also picked up, and with end-to-end integration of data pipelines, the cloud environments using AI and automated systems data fabric as an architecture method seem to be a promising solution. For data management teams the hurdles such as unification and administration have always been a concern of priority along with security risks, and data silos, among others. Capitalizing data fabric solutions to the hurdles of data systems, embedding administration, and strengthening the security and privacy measures that provide increased and better accessibility to the data for everyone concerned. In order to help organizations to solve complex data problems irrespective of the data environment, location, or platforms, data fabric provides solutions in real-time worldwide. The importance and necessity of ease of data accessibility have become a priority that needs to be addressed. This accessibility at ease can be achieved with proper unification of the data, with this not only one but multiple users can get access, and also it avoids data duplication and deletion.

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What is WAF, and how important is it to your business?

 Being fully knowledgeable about cybersecurity is challenging, especially given how quickly threats evolve. However, by learning more about cybersecurity tools, you may get a solid understanding of how cyberattacks operate.

What is WAF?

A web application firewall, or web application security solution, is a reliable security solution for monitoring, filtering, and preventing incoming and outgoing data packets from an online application or website. Reverse proxies are often used to deploy WAFs, which can be host-based, network-based, or cloud-based.

In order to filter out suspicious or risky traffic, WAFs can be used as network traffic monitoring appliances, server plugins, web application security solutions, or cloud services. They analyze each packet and evaluate application layer logic in accordance with rules.

Web Application Firewalls Types

Network-based WAF 

Implemented locally to reduce latency and is typically hardware-based. However, this WAF type is the most expensive and requires physical equipment storage and upkeep.

Host-based WAF

It can be completely incorporated into an application’s software. This approach is more adaptable and less expensive than network-based WAFs, but it uses a lot of local server resources, is difficult to set up, and can be expensive to maintain. A host-based web application security solution frequently requires hardening and customization, which can be time-consuming and expensive.

Cloud-based WAF

A cost-effective, readily implemented solution that, in most cases, does not ask for a large initial outlay. Instead, customers pay a monthly or yearly subscription fee for security as a service. Regular updates to a cloud-based web service protection solution can be performed without the user’s involvement and at no additional expense. However, since you depend on a third party to maintain your WAF, it’s crucial to make sure cloud-based WAFs have enough customization choices to adhere to the business requirements of your firm.

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