Perhaps best known for its role in consumer credit ratings, Experian operates as a technology company, helping its clients manage and analyze massive amounts of financial data. The company is focused on integrating and standardizing technology across the organization, creating building blocks that would streamline global application development, and in turn help them better service their global customers.
It is important for the company to get a single view of their organizational risks. It was also clear that they needed a security partner to help move at the speed they needed to maintain innovation. Read the case study to learn how Prisma Cloud, the Cloud Native Security Platform, provides Experian with a unified view of security and compliance posture across the full cloud native stack, making life a lot easier for everyone involved.
The challenge of moving to the cloud is how to protect applications and data without adding complexity or cost. Read Securely Enabling Cloud Adoption for solutions.
An overview of the Palo Alto Networks Next-Generation Security platform for the financial sector
The financial services industry remains a favorite target for cyberattacks. The lure of sensitive data and funds is quite strong to malicious actors. Additional challenges in securing financial institutions include their complex IT environments, continued use of legacy technology, and preference for defense in depth (which is often equated with vendor diversity). Regulators continue to impose new obligations to strengthen controls and better protect the industry.
Top threats to the industry over the past two years include various families of ransomware, remote access Trojans, and information stealers. All of these target the endpoint as this is the path to the valuable data held by the financial institution.
The traditional approach of point products for specific security functions and network perimeter-centric protection has proven to be ineffective. Reports of data breaches in the financial services industry have become commonplace. A different, and better option is a multi-layered approach based on natively integrated, security enforcement points that share threat information and revise protections accordingly. This results in automated prevention and next-generation security for the network, endpoints (servers, desktops, laptops), and the cloud.
Moreover, the use of cloud-based, dynamic malware analysis and threat intelligence enables updated preventions in as little as five minutes - across our entire customer base after the initial discovery anywhere. This applies to the local network, endpoint devices, or even the public cloud.
Download the whitepaper to read more about how our next-generation security approach is better able to protect the highly targeted financial services industry.
As the financial services industry undergoes a digital transformation to streamline operations, become more competitive, and remain relevant with their customers, they face increasing volume of cyber threats. Attackers continue to be tempted by the vast quantities of easily monetizable personally identifiable information (PII).
With both the threat landscape evolving rapidly and regulatory requirements becoming more demanding, organisations are struggling to prepare for cybersecurity incidents. .
Public cloud Infrastructure as a Service (IaaS) offerings, such as AWS, can quickly accommodate unexpected or temporary business computing workloads. However, proper alignment of security and resiliency to enterprise standards and policies is still required.
Significant concerns over the security of data, workload and infrastructure have slowed the adoption of public cloud services by the financial services industry. Regardless of where it resides, the financial institution’s data is, ultimately, the target of malicious entities. Consequently, measures to appropriately protect the data must be enacted for the public cloud as well.
Download our use case to learn how Palo Alto Networks can help your organization protect IaaS hybrid clouds in financial services.
Governments and businesses must continuously assess the use of new applications and services that improve processes and operations. As such, they must weigh the business benefits from the adoption of newly sanctioned applications against potential risk to the business, its data and other resources. Applications themselves, such as remote access, can represent undue risk. In addition, if applications are not appropriately secured in the business network, today’s attackers can hide communications within the very communication mechanisms the applications use. Adoption of security that appropriately identifies, granularly controls and secures enterprise applications can be slow if those charged with such controls don’t understand the necessity, value or ease with which appropriate controls can be adopted.
Download our use case "Secure the Network through Application Visibility" for the benefits of this approach, along with some common concerns over adoption, and read about the experiences of several customers across different industries who made this transition.
Learn how Palo Alto Networks helps protect virtual machines in a private data center for the financial services industry, and read about one anonymous financial institution’s private cloud deployment.
At Bank OCBC NISP, Palo Alto Networks PA-5060 next-generation firewall prevents threats and safely enables applications over the bank’s internet gateways across two data centers. In addition, the WF-500 appliance provides WildFire™ threat analysis service as an on-premise, private cloud to analyze suspicious files in a sandbox environment without the need to send them outside the bank’s network.
Advanced attacks have been able to evade traditional security measures, target specific users and vulnerable applications, steal sensitive information or commit outright fraud. One approach to preventing such advanced persistent threats (APTs) is to identify and protect against new exploits, malware and malicious URLs. This can be accomplished by “sandbox” analysis of unknown threats. Organizations such as financial institutions that are uncomfortable with cloud-based threat analysis may choose on-premise threat analysis solutions to address any data privacy concerns.
Download this whitepaper to read about how Financial Services organizations can use on-premise threat analysis solutions to mitigate compliance risks and maximize prevention against cyberattacks.
Establishing, maintaining and demonstrating compliance with the Payment Card Industry Data Security Standard (PCI DSS) is a necessity for all entities involved in payment card processing – including merchants, processors, acquirers, issuers, and service providers, as well as all other entities that store, process or transmit cardholder data (CHD) and/or sensitive authentication data (SAD). For all system components included in or connected to the Cardholder Data Environment (CDE), organizations must comply with more than three hundred requirements. It is in every organization’s best interest, therefore, to take advantage of network segmentation provisions stated in the PCI DSS to effectively isolate their CDE and thereby decrease the amount of infrastructure that is considered in scope.
Download our use case "Simplify PCI Compliance With Network Segmentation" to learn how Palo Alto Networks Next-Generation Security Platform delivers maximum protection for an organization’s entire computing environment while greatly reducing the scope of PCI compliance.
Private cloud computing provides businesses with flexible, scalable, on-demand IT resources. However, security remains a significant challenge. The very principles that make cloud computing attractive run counter to cybersecurity best practices, such as separation and segmentation. Malicious actors seek these open environments where much of the lucrative data they desire can be found, and if a virtual environment, without proper security and segmentation in place, is compromised, the attacker has access to everything – critical data included.
Download the Network Segmentation use case to see how the Palo Alto Networks Next-Generation Security Platform applies segmentation to increase security and protect applications and data in a virtualized data center.
With the New York State Department of Financial Services cybersecurity regulations going into effect March 1st, Lawrence Chin examines the biggest changes that financial institutions can expect over the next several months.
Our recently released PAN-OS 8.0 empowers financial institutions to prevent today’s advanced threats with better integration and information sharing across the network, endpoints and cloud.
Read how thousands of banks, institutional investors, asset managers, broker-dealers and financial institutions across the globe prevent successful cyberattacks.
This post is part of an ongoing blog series examining “Sure Things” (predictions that are almost guaranteed to happen) and “Long Shots” (predictions that are less likely to happen) in cybersecurity in …
This post is part of an ongoing blog series examining “Sure Things” (predictions that are almost guaranteed to happen) and “Long Shots” (predictions that are less likely to happen) in cybersecurity in 2017.
This year saw some notable cybersecurity events in the financial services industry, including thefts from a number of SWIFT (Society for Worldwide Interbank Financial Telecommunication) member banks and from malware-infected ATMs in Asia. As we look ahead to 2017, I predict that we’ll see the following cybersecurity trends in the financial services industry.
This post is part of an ongoing blog series examining “Sure Things” (predictions that are almost guaranteed to happen) and “Long Shots” (predictions that are less likely to happen) in cybersecurity in 2017.
This year saw some notable cybersecurity events in the financial services industry, including thefts from a number of SWIFT (Society for Worldwide Interbank Financial Telecommunication) member banks and from malware-infected ATMs in Asia. As we look ahead to 2017, I predict that we’ll see the following cybersecurity trends in the financial services industry.
This post is part of an ongoing blog series examining “Sure Things” (predictions that are almost guaranteed to happen) and “Long Shots” (predictions that are less likely to happen) in cybersecurity in 2017.
This year saw some notable cybersecurity events in the financial services industry, including thefts from a number of SWIFT (Society for Worldwide Interbank Financial Telecommunication) member banks and from malware-infected ATMs in Asia. As we look ahead to 2017, I predict that we’ll see the following cybersecurity trends in the financial services industry.
Unit 42 tracks Nigerian Threat Actors and finds they've evolved into capable and formidable adversaries successfully attacking major companies and governments.
In 2016, payments by credit or debit cards will exceed the use of cash for the first time in history. Although the popularity of electronic payments will continue to grow, cash will …
In recent months, reports of several breaches at SWIFT (Society for Worldwide Interbank Financial Telecommunications) member banks have come to light. Across these incidents, local security was compromised, and valid credentials were …