Bloomberg has made its Data License content available on Google Cloud, enabling customers globally to receive content natively through cloud technology, which it claims dramatically reduces the time to integrate data and derive insights.
Building upon Bloomberg’s existing relationship with Google Cloud and the successful launch of access to its real-time data service, B-PIPE, Data License customers now have the ability to receive Bloomberg OneData content, including reference, pricing, regulatory data, research, corporate actions, and ESG data for more than 50 million securities and 30,000 data fields – all delivered through Google Cloud. Data License content also includes the depth and breadth of Bloomberg’s rich historical data.
With the launch of Data License on Google Cloud, customers can now integrate content directly into their Google Cloud specific workloads from Bloomberg’s ready-to-use data website, data.bloomberg.com and maintain consistency across their on-premises infrastructures or other environments. Bloomberg also delivers Data License content in an analysis-ready format, allowing customers to seamlessly integrate the data with Google Cloud tools they are already familiar with.
Brian Doherty, global head of Data License Platform at Bloomberg, said: “As a growing number of our customers migrate workloads to the cloud, they are increasingly looking for seamless end-to-end integration. Not only are they seeking ease of use, they are also looking for a data partner that provides high-quality data at scale and with global connectivity. Our ongoing commitment to expand Bloomberg’s data availability in the cloud through our continued relationship with Google Cloud will create automated workflows, reduce data on-boarding time, and ultimately provide clients with an enhanced and simplified user experience.”
By making Data License content available natively on Google Cloud, customers can automatically integrate Bloomberg’s deep library of data directly into their applications via real time data-ready notifications (via Google PubSub). Customers can also automate and accelerate delivery of content into their serverless applications (Cloud functions), managed analytics (BigQuery), and data science environments (VertexAI, Dataproc, Spark) with ease.
Rohit Bhat, director, capital markets, digital assets, and exchanges, Google Cloud, said: “We are proud to expand our collaboration with Bloomberg with this important launch of Bloomberg Data License on Google Cloud.
“Financial services customers are accelerating adoption of data services, platforms, and feeds in the cloud as they modernize their financial systems. They are increasingly realizing that they can better manage risk, drive capital efficiency, and focus on differentiation by leveraging the scale, elasticity, and security of Google Cloud. The expansion of our relationship with Bloomberg is focused on simplifying our mutual customers’ journeys and expanding access to the most important data and tools that financial institutions use to run their business and create value.”
Bloomberg’s Enterprise Data business transforms the way customers extract value from data by providing the most comprehensive coverage and highest data quality in the industry. Bloomberg’s OneData approach makes all of the data easily discoverable on data.bloomberg.com, instantly usable and delivered via APIs on the Cloud, to a customer’s hosting provider or data center. Our data management solutions aggregate, organize, and link your data to make it accessible through a diverse set of delivery mechanisms.
On email security in the era of hybrid working
With remote working the future for so many global workforces – or at least some kind of hybrid arrangement – is there an impact on email security we are all missing? Oliver Paterson, director of product management at VIPRE Security, believes so.
“The timeframe that people expect now for you to reply to things is shortened massively,” says Paterson. “This puts additional stress and pressure on individuals, which can then also lead to further mistakes. [Employees] are not as aware if they get an email with a link coming in – and they’re actually more susceptible to clicking on it.”
The cybercriminal’s greatest friend is human error, and distraction makes for a perfect bedfellow. The remote working calendar means that meetings are now held in virtual rooms, instead of face-to-face. A great opportunity for a quick catch up on a few emails during a spot of downtime, perhaps? It’s also a great opportunity for an attacker to make you fall for a phishing attack.
“It’s really about putting in the forefront there that email is the major first factor when we talk about data breaches, and anything around cyberattacks and ransomware being deployed on people’s machines,” Paterson says around education. “We just need to be very aware that even though we think these things are changing, [you] need to add a lot more security, methods and the tactics that people are using to get into your business is still very similar.
“The attacks may be more sophisticated, but the actual attack vector is the same as it was 10-15 years ago.”
This bears true in the statistics. The Anti-Phishing Working Group (APWG) found in its Phishing Activity Trends Report (pdf) in February that attacks hit an all-time high in 2021. Attacks had tripled since early 2020 – in other words, since the pandemic began.
VIPRE has many solutions to this age-old problem, and the email security product side of the business comes primarily under Paterson’s remit. One such product is VIPRE SafeSend, which focuses on misaddressed emails and prevents data leakage. “Everyone’s sent an email to the wrong person at some point in their life,” says Paterson. “It just depends how serious that’s been.”
Paterson notes one large FMCG brand, where a very senior C-level executive had the same name as someone else in the business much lower down. Naturally, plenty of emails went to the wrong place. “You try and get people to be uber-careful, but we’ve got technology solutions to help with those elements as well now,” says Paterson. “It’s making sure that businesses are aware of that, then also having it in one place.”
Another part of the product portfolio is with EDR (endpoint detection and response). The goal for VIPRE is to ‘take the complexities out of EDR management for small to medium-sized businesses and IT teams.’ Part of this is understanding what organisations really want.
The basic knowledge is there, as many organisational surveys will show. Take a study from the Enterprise Security Group (ESG) released in October in terms of ransomware preparedness. Respondents cited network security (43%), backup infrastructure security (40%), endpoint (39%), email (36%) and data encryption (36%) as key prevention areas. Many security vendors offer this and much more – but how difficult is it to filter out the noise?
“People understand they need an endpoint solution, and an email security solution. There’s a lot of competitors out there and they’re all shouting about different things,” says Paterson. “So it’s really getting down to the nitty gritty of what they actually need as a business. That’s where we at VIPRE try to make it as easy as possible for clients.
“A lot of companies do EDR at the moment, but what we’ve tried to do is get it down to the raw elements that every business will need, and maybe not all the bells and whistles that probably 99% of organisations aren’t going to need,” Paterson adds.
“We’re very much a company that puts a lot of emphasis on our clients and partners, where we treat everyone as an individual business. We get a lot of comments [from customers] that some of the biggest vendors in there just treat them as a number.”
Paterson is speaking at the Cyber Security & Cloud Expo Global, in London on December 1-2 around the rising threat of ransomware, and how the security industry evolves alongside this threat. Having a multi-layered approach will be a cornerstone of Paterson’s message, and his advice to businesses is sound.
“Take a closer look at those areas, those threat vectors, the way that they are coming into the business, and make sure that you are putting those industry-level systems in place,” he says. “A lot of businesses can get complacent and just continue renewing the same thing over and over again, without realising there are new features and additions. Misdelivery of email is a massive one – I would say the majority of businesses don’t have anything in place for it.
“Ask ‘where are the risk areas for your business?’ and understand those more, and then make sure to put those protection layers in place to help with things like ransomware attacks and other elements.”
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