Modernizing IT infrastructure is crucial for banks to maintain competitiveness and adapt to evolving technological advancements. This article explores various strategies for modernizing IT infrastructure in the banking sector, focusing on the benefits and challenges of each approach. We’ll discuss the importance of scalability and flexibility in modern infrastructure designs. This is a critical aspect of maintaining a robust security posture. Cloud adoption is a key strategy for modernizing infrastructure. This article will explore the benefits of cloud-based solutions for banks, including scalability, cost-effectiveness, and enhanced security. We’ll also discuss the challenges of migrating existing systems to the cloud and the importance of data security in a cloud environment. This is a critical aspect of maintaining a robust security posture. Implementing automation is another key strategy for modernizing infrastructure. This article will explore the benefits of automating infrastructure management tasks, including provisioning, patching, and monitoring. We’ll also discuss the importance of security automation and the role of AI in automating security tasks. This is a critical aspect of maintaining a robust security posture.

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The Problem: Default Settings Prioritize Convenience, Not Security.

Many default configurations in enterprise environments pose significant security risks, such as users approving their own apps, external sharing, and automatic email forwarding, which can lead to data breaches and unauthorized access.
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A screenshot of the Microsoft 365 admin center highlighting default security settings.

Auditors Keep Finding Breaches in Microsoft 365 Defaults — Here’s How to Fix Them

Microsoft 365 is widely trusted, but its default settings prioritize convenience over security. In 7 of 7 recent audits, we discovered data leaks or breaches because organizations never changed these defaults. Recently, we discovered unauthorized apps and a breach linked to “Perfect Data, ” an email backup tool that can be abused for eavesdropping and fraud at a new client.