On July 17, IBM launched the IBM Z to extend the company's influence in the financial cybersecurity market. The new mainframe system, which can run more than 12 billion encrypted transactions each day, is designed to address cyberattacks aimed at compromising financial data. The IBM Z will also assist firms in automating their compliance process with financial regulations as well as data protection and confidentiality laws.
“The vast majority of stolen or leaked data today is in the open and easy to use because encryption has been very difficult and expensive to do at scale,” IBM Z general manager Ross Mauri said in a press release. “We created a data protection engine for the cloud era to have a significant and immediate impact on global data security.”