Safely Enables BYOD Initiative,
Increases End-User Productivity, and Accelerates Rollout of New Digital Banking Services

 

SANTA CLARA, Calif. – July 14 , 2017 – Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced that Bank OCBC NISP — one of the oldest and largest banks in Indonesia — selected the Palo Alto Networks Next-Generation Security Platform to strengthen security as the bank pursues a mobile, digital-first business strategy.

 

With more than 3,000 mobile users operating in an increasingly digital industry, Bank OCBC NISP faced a mounting challenge to prevent cyberthreats from infiltrating its business network. The bank initiated a bring-your-own-device (BYOD) policy; however, traditional firewalls and antivirus software could not keep up with the onslaught of persistent and zero-day attacks able to find openings through these end-user devices.

 

By deploying the Palo Alto Networks Next-Generation Security Platform, the bank now has advanced threat prevention that automatically inspects traffic and blocks cyberattacks. The Palo Alto Networks platform also provides the bank’s security team with deep visibility and control to safely enable legitimate applications through its internet gateways and into the core data centers.

 

QUOTE

"Compared to other offerings we evaluated, the threat identification and prevention capabilities of the Palo Alto Networks Next-Generation Security Platform are of a different standard and allow our staff to work securely from anywhere. It has transformed our productivity."
− Filipus H. Suwarno, technology security and governance division head, Bank OCBC NISP

 

The Palo Alto Networks Next-Generation Security Platform is comprised of the Next-Generation Firewall, Threat Intelligence Cloud and Advanced Endpoint Protection. It delivers application, user, and content visibility and control, as well as protection against known and unknown cyberthreats.  Advanced features such as application- and user-level identification provide Bank OCBC NISP with granular insights into exactly who and what is access its network. It’s so detailed, security staff can identify threats coming through malicious web access.

 

In addition, the WildFire™ private cloud appliance enables the bank to analyze suspicious files in a local malware analysis environment, driving automated prevention that meets privacy and regulatory requirements without sacrificing security. Overall, the intelligent and automated features of the Palo Alto Networks platform have cut the time spent managing network security in half, freeing time for staff to develop and bring to market new digital banking services.

 

About Bank OCBC NISP

Bank OCBC NISP is the fourth oldest bank in Indonesia, established in 1941. It officially became a commercial bank in 1967, a licensed foreign exchange bank in 1990, and a publicly listed bank on the Indonesian Stock Exchange in 1994. OCBC Bank – Singapore, become a controlling shareholder of Bank OCBC NISP through acquisitions and tender offer since 2004. OCBC Bank – Singapore currently owns 85.1% stake in Bank OCBC NISP. The bank has 6,796 employees and serves customers in 340 offices and in 61 cities throughout Indonesia. www.ocbcnisp.com/

 

About Palo Alto Networks

Palo Alto Networks is the next-generation security company, leading a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. Built with an innovative approach and highly differentiated cyberthreat prevention capabilities, our game-changing security platform delivers security far superior to legacy or point products, safely enables daily business operations, and protects an organization’s most valuable assets. Find out more at www.paloaltonetworks.com.

 

Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

 

Media Contact:

Martina Schulze-Warnecke

Senior Public Relations Manager

Palo Alto Networks

+65 6643 1457

mswarnecke@paloaltonetworks.com