Financial institutions are adapting to evolving industry dynamics by leveraging technology for operational optimization and cybersecurity. Compliance with laws like SOX and GLBA is crucial, driving the need for robust identity security measures. SailPoint's identity platform aids in automating and managing identity security, ensuring proper access controls. The rapid shift to the cloud, exacerbated by cybersecurity skill gaps, has led to "accidental multi-clouds," increasing security risks. Evaluating the application journey helps in adjusting strategies for secure digital acceleration while reducing complexity. A well-designed cloud strategy should prioritize security effectiveness and simplicity across diverse cloud environments.

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