Managing open source software risk for financial services organizations

For financial service organizations, balancing cybersecurity and technology innovation is a complex challenge.

Cybersecurity is crucial in protecting sensitive customer data, preventing fraud and financial breaches, and maintaining customer trust. At the same time, technology innovation plays a transformative role in areas such as customer service enhancement, mobile banking, and predictive analytics.

Organizations that navigate this challenge and can both move fast and innovate while also keeping critical systems secure will be best positioned to deliver better customer experiences and outcomes.

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Open source software has become the foundation for building modern, customizable, and cost-efficient solutions. Open source is used in a variety of financial services functions, from credit scoring tools to payment gateways, and trading platforms.

This substantial dependence on open source software has prompted financial services organizations to strategically prioritize the security and effective maintenance of the open source software supply chain so they can continue to innovate while minimizing risk.

Tidelift helps address this need by giving leading financial services organizations the tools and data they need to manage their open source software supply chain effectively, streamlining costs and reducing open source related security risk.

“Open source software supply chain threats are much broader than what CVEs tell us. More and more, organizations are starting to recognize the importance of minimizing the likelihood of being exposed to a vulnerability in the first place.”

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How Tidelift helps leading financial services organizations use open source with confidence

The Tidelift maintainer advantage

Tidelift is the only company that partners with and pays open source maintainers to implement enterprise class secure software development practices and validate the practices they follow so organizations can have the same confidence in the security of their open source that they have in their own code. In addition, our relationships ensure that maintainers are contractually committed to continuing these practices into the future so that health care organizations can confidently make long term investments in the software they use.

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Learn more about how Tidelift can help your organization reduce risk by identifying and eliminating bad open source packages.

ELIMINATE BAD OPEN SOURCE PACKAGES

Tidelift helps organizations evaluate their existing open source supply chain for risk from bad open source packages with a unique source of cross-ecosystem package intelligence validated by Tidelift and our maintainer partners. Watch our demo to learn how organizations are:

Proactively evaluating packages before pulling them in for application development
Making quick and informed decisions to identify and migrate away from potentially bad packages they've already adopted
Reinforcing at-risk packages to keep them from becoming bad

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