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CloudLinux Joins Fintech Open Source Foundation

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  • FINOS is a nonprofit whose mission is to foster adoption of open source, open standards, and collaborative software development practices in financial services
  • Financial services teams around the world increasingly face security challenges like ransomware and data breaches stemming from unpatched vulnerabilitie from banks to credit card companies to credit rating companies

CloudLinux has announced that it has joined FINOS (the Fintech Open Source Foundation) as a silver member to contribute projects within its financial open source community, from its TuxCare security services. FINOS is a nonprofit whose mission is to foster adoption of open source, open standards, and collaborative software development practices in financial services.

Jim Jackson, president and chief revenue officer, CloudLinux added, “Being a part of the open source community and actively contributing to it is one of our corporate principles, so joining FINOS is a logical next step and an important milestone for our company. Since our company’s founding 12 years ago, our collaboration and integration in the open source community have been growing exponentially. Our goal as a silver FINOS member is to further strengthen the open source technology used in the finance industry so that it is secure and robust.”

Financial services teams around the world increasingly face security challenges like ransomware and data breaches stemming from unpatched vulnerabilitie from banks to credit card companies to credit rating companies. TuxCare services is the umbrella offering of the CloudLinux family of enterprise support services which include live patching for critical components in the Linux stack, from the kernel all the way to widely-used shared libraries.

Security know-how on security management

It added, “TuxCare services is the umbrella offering of the CloudLinux family of enterprise support services which include live patching for critical components in the Linux stack, from the kernel all the way to widely-used shared libraries. Traditional patching for security flaws requires extensive planning and a maintenance window, affecting regular business activities and workflow, and also demanded a server reboot or service restart. With TuxCare live patching technology, this is no longer the case – the patches are applied while the affected systems are running, without any impact to regular activity.”

As part of FINOS, TuxCare will contribute its security know-how on security management, patch development and deployment, and its open source tools like uChecker, a tool that identifies vulnerable libraries still resident in memory – even after updates – that are used by running system processes. This type of situation led to attacks like Heartbleed, a vulnerability that targeted financial institutions extensively.

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