IBM Gives Control to Businesses for Securing Data in Hybrid, Multicloud Environments

-Launches new cloud service to help enterprises protect data across multiple clouds; designed to help regulated industries demonstrate their compliance faster

ARMONK, N.Y., March 22, 2022 — Today, IBM launched the industry’s first cloud service to perform key management across hybrid, multicloud environments, helping enterprises mitigate risk to critical data from cyberattacks and insider threats. Built for today’s hybrid cloud world, the new service empowers businesses to take advantage of IBM’s cloud security capabilities – no matter where their data resides – including on other clouds and on-premises.

Securing hybrid cloud environments against data breaches

As enterprises modernize, they’re increasingly adopting a hybrid, multicloud approach to host workloads where they need to be – in the cloud or on-premises – to reduce risk and demonstrate compliance. Considering the average company is using more than 8-9 cloud environments at any given time, they risk greater exposure to threats from malicious actors that can compromise data. Now is the time to mitigate complexity – especially as cloud environments become a growing target for cybercriminals looking to access and capitalize on sensitive data residing across complex multicloud environments. But reducing complexity is no easy task. The more clouds that businesses use, the more diverse skills their IT teams need to secure and manage the keys that protect their critical enterprise data.

“Protecting critical data across multiple platforms can be incredibly complex — but all it takes is one weak link to put a company’s entire security strategy at risk. That’s why we’re giving clients one single point of control – allowing them to know who has access to their critical data at all times – even on other clouds,” said Hillery Hunter, General Manager, Industry Clouds & Solutions, CTO, IBM Cloud. “Trust and choice have always been at the heart of our work with clients. Now as businesses modernize, we’re making it easier for them to manage their encryption keys and protect data across any environment they choose.” 

Enabling data governance to help organizations demonstrate their compliance

According to a recent global study conducted by IBM Institute for Business Value (IBV) in cooperation with Oxford Economics, 80% of C-Suite respondents said the ability to have governance and compliance tools run across multiple cloud estates is important or extremely important. Especially with crypto keys that safeguard critical data distributed across many platforms, organizations can suffer from operational complexity, or worse – non-compliance – if they don’t have a holistic view of their data security posture. With a single, secured and cloud-based view of who has access to critical data, businesses can demonstrate their compliance with greater ease and speed in near real-time.

“IBM has chosen a rather unique approach to zero trust security architectures, focusing on addressing real customer driven use cases rather than simply offering yet another product. Similarly, this new service demonstrates IBM’s commitment to solving a critical pain point made increasingly difficult by COVID accelerated digital transformation initiatives, protecting critical data. By making it possible to securely manage encryption keys with a single point of control – including across other public clouds – IBM is proving that what it cares most about is clients and what truly keeps them up at night, not where their data is stored. Unified Key Orchestrator also eases the management burden which is aggravated by the security talent shortage by making  it possible for businesses to demonstrate compliance across multiple cloud platforms – which can be incredibly complex – faster and easier,” said Frank Dickson, VP of Security & Trust at IDC.

IBM is the only provider delivering a service in the cloud to help organizations manage encryption keys across multiple cloud environments with a unified view, helping demonstrate their  compliance and strengthen security. Available on IBM Cloud, Unified Key Orchestrator leverages IBM’s encryption capabilities, hybrid cloud expertise and automation and is designed to give clients a clear understanding of their data security posture. With the service, organizations maintain full visibility and control over who has access to their critical data, while running workloads across hybrid cloud environments and in the location where it needs to ensure data sovereignty. At the same time, companies no longer need to rely on security experts with specialized knowledge of each individual cloud and can spend more time and resources driving innovation for their clients.

Egypt’s Ministry of Finance Automates National Tax System in Collaboration with IBM and SAP

IBM provides an integrated system based on SAP® software
IBM Cloud Pak for Business Automation designed to support a smoother, more automated, and well-governed taxation journey

Cairo, Egypt, 9 March 2022: The Egyptian Ministry of Finance announced its collaboration with IBM Consulting and SAP SE to help automate the Egyptian tax system as part of the Egyptian government’s digital transformation strategy.

With taxes representing more than 75% of the general revenues of the state*, the Egyptian Ministry of Finance kicked off a comprehensive national project for the automation and digitalization of the Egyptian Tax Authority processes and procedures to integrate the informal economy into the formal economy, enhance governance over tax return, list the tax community more accurately, and expand the tax base, to lay the foundations for tax justice, and fair competition in markets.

IBM Consulting, in collaboration with its strategic partner SAP, is providing an integrated solution that is based on the SAP® Tax and Revenue Management for Public Sector package. The package is designed to equip the Ministry of Finance with a comprehensive business operations automation platform to help streamline and automate its business processes into intelligent workflows, enhance collaboration and elevate its citizen experiences. The system was successfully piloted with 10 tax offices in Greater Cairo and will continue to expand across Egypt later this year.

As part of the collaboration, IBM implemented IBM Cloud Pak for Business Automation designed to infuse AI into the Ministry’s processes and provide taxpayers, tax officers and collectors with a smoother, more automated, and well-governed taxation journey. This can enhance accuracy in taxpayers’ submissions, drive deeper understanding of the tax process and enable the Ministry to focus on higher-value work like minimizing tax evasion and helping increase national tax revenue.

Commenting on the achievement, Dr. Mohamed Maait, Minister of Finance, said: “The project is part of the digital transformation strategy that the government has launched to enhance the business ecosystem in Egypt. The modernization of the current taxation system is also part of the Unified Tax Law and the national vision to maximize public revenues.” Dr. Maait added, “The Ministry is keen to adopt advanced technology in its reform agenda which is why we selected IBM and SAP as partners for the modernization of the tax core system and empowering the e-payments strategy.”

Marwa Abbas, General Manager, IBM Egypt, stated: “We are honored to be leading such a complex project that can help supports the national economy. IBM delivered a tailored solution to the Ministry of Finance in the short term, and based on the roll-out pilot experience, the outcomes were quite successful. We are confident that the integrated core taxation model can support Egypt’s digital transformation journey.”

Jonathan Wright, IBM Consulting stated that: “The automation of the Egyptian Ministry of Finance’s tax system is a critical project to help drive forward the national agenda and elevate citizens’ experiences. We’ve brought our industry, process and technology experience together with SAP’s leading solutions, serving as their valued partner on this digital transformation journey.”

This is the latest example of how IBM is collaborating with ecosystem partners like SAP to help clients modernize their infrastructure and address the needs of the hybrid cloud era. IBM has committed to a $1 billion investment in its partner ecosystem over the next three years. This investment is already supporting collaborations to support customers as they migrate their mission-critical workloads to the hybrid cloud.